New York's Revenue Slips 35% Week-Over-Week as FanDuel Sets New Handle Mark

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New York's Revenue Slips 35% Week-Over-Week as FanDuel Sets New Handle Mark
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The state's weekly handle was up 15% week-over-week to $464 million, making this the sixth time in five weeks that wagers have eclipsed $400 million

went live in January 2022, revenue dropped from $62 million to $40.2 million in the week ending Oct. 22. The 35% drop was produced by a hold that fell from a state-best 15.3% to 8.7% in the latest figures released by the

Still, football season is bringing big numbers to the Empire State. The weekly handle was up 15% week-over-week to $464 million, making this the sixth time in five weeks that wagers have eclipsed $400 million. That’s the best run in Compared to the same week last year, the Oct. 22 weekly handle was up 27% while revenue jumped a more modest 18.5%. did some serious work in the week ending Oct. 22. The online sportsbook produced a state-record handle of $198.7 million, topping the $196.1 million previously set by

FanDuel has seen its handle reach more than $150 million for five consecutive weeks and six of the last seven, while revenue of $20.5 million marked the second consecutive week of more than $20 million. took a $1.6 million loss on a handle north of $42 million, the third-highest amount of wagers for the week.Copyright © 1995 - 2023 CS Media Limited All Rights Reserved.

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