Mobile sportsbooks in the most lucrative U.S. market generated a $576.1 million handle, the highest since wagering went live in January 2022.
Following a rough two-week span for New York’s nine online sports betting operators, the tide turned in the week ending Oct. 27.
More action, though, brought more profit. Week 9 of pro football, combined with college football, the beginning of the NBA season, and the first two games of the World Series between the New York Yankees and Los Angeles Dodgers spurred the record-setting week. The 9.9% hold was closer to the yearly average of 10.8% coming into the week and much improved from the previous three weeks’ 6.8% average. DraftKings had an even bigger week-over-week jump as revenue went from $1.5 million to $19.7 million in the week ending Oct. 27. Handle, however, fell 2.9% week-over-week to $192.5 million, but a 10.2% hold was up from the previous week’s win rate of less than 1%.Fanatics Sportsbook held the third-best handle for the second consecutive week.
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