While the handle fell 8% week-over-week, revenue of $38.2 million was the highest yet for the month.
Weekly holds under 10% don’t usually last long for Empire State online sportsbooks, and they usually bounce back well when they do catch a single digit.That led to revenue of $38.2 million, the highest of any week in June so far, and helped offset an 8.2% week-over-week drop in the handle.that $333.1 million was wagered in the week ending June 23.
Revenue reached $30 million for the seventh consecutive week and the ninth time in the last 10 periods. The online sportsbook accounted for $19.6 million of the total profit in the Empire State, thanks to a 15% hold. FanDuel also led all operators for the fourth consecutive week in the amount wagered with a handle of $131.1 million.
DraftKings was second at $118 million and the only other mobile sportsbook to reach $10 million in revenue, meaning the two market leaders combined for nearly 80% of all money made by operators for the week. Caesars finished third for the week ending June 23 with a handle of $31.3 million. The online sportsbook also bounced back from its third week of revenue under $2 million since April last week with a $2.5 million haul in the latest period.
BetMGM was fourth with a handle of $22.8 million and went over $2 million in weekly profits for the first time in a month. Fanatics kept its spot among the top five with a weekly handle of $16.6 million and enjoyed a nearly 19% increase in revenue. run of at least $10 million handles 34 times in 36 weeks dating back to September 2023, BetRivers has gone under that mark in three of the last five weeks. The online operator also couldn’t build off an impressive $24.9 million in the previous week as wagers fell to $9.7 million in the latest period.
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