New York’s Online Sports Betting Handle Surges 109% Week-Over-Week

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For the week ending April 21, profits soared 109.1% to $57.3 million, an almost $30 million increase from the previous period.

In the week ending April 14, the Empire State’s nine online sports betting operators saw a run of eight consecutive weeks of $30 million or more in revenues come to an end.

The week’s total fell just short of becoming the sixth time there was a week-over-week revenue jump of $30 million, and it was the largest revenue haul since the middle of January.Sportsbooks won’t complain about less action when the hold goes from 5.6% one week to 12.6% the next week.DraftKings saw the largest week-over-week revenue rise as it went from $7.1 million, its lowest since the Super Bowl, to $27.3 million, a new record for the online sportsbook.

FanDuel finished second with a handle of $170.9 million, down 3.7% week-over-week, and revenue of $21.2 million, up 30% from the previous period.

 

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