New York Sportsbooks See Major Revenue Surge in Final Full Week of 2024
New York’s sports betting operators ended 2024 on a high note, generating an impressive $61.5 million in revenue during the week ending December 29. This marked the second-highest revenue week of the NFL season, driven by the holiday sports calendar, including NFL games during Week 17 and nearly 20 college football matchups.
Although the total handle for the week dipped slightly—down 1.2% from the previous week to $519.8 million—a sharp increase in hold percentage pushed revenues to their near-record level. The hold rate soared to 11.8%, nearly double the previous week’s figure, and was the highest since mid-September, when sportsbooks hit over $69 million in revenue with a 14.4% hold.
FanDuel Leads the Pack
FanDuel continued to dominate the New York market, posting $30.2 million in revenue from $213.5 million in bets, accounting for nearly half of the state’s total revenue for the week. This marked the fourth time in the company’s New York history that it exceeded $30 million in weekly revenue. FanDuel also saw a 93.6% increase in revenue compared to the previous week, alongside a 4% rise in handle.
DraftKings came in second, generating $18.1 million in revenue from $165.6 million in handle. The sportsbook experienced a significant revenue jump of nearly $8 million compared to the prior week.
Fanatics Sportsbook continued its climb in the New York market, securing the third spot among operators with $43.5 million in handle and a revenue increase of 683% week-over-week, finishing the week with $4.5 million in revenue.
Other Operators’ Performance
- BetMGM ranked fourth with $37.5 million in handle.
- Caesars followed closely with $36.5 million in bets placed.
- BetRivers handled $10.1 million in bets, placing sixth.
- ESPN BET saw a decline in handle, falling to $8.9 million, but achieved a 408% revenue increase from the previous week.
- Smaller operators like Bally Bet and Resorts World Bet also reported week-over-week revenue growth.
A Record-Setting Holiday Boost
While total handle for the week fell slightly compared to the previous week’s $526.4 million, the revenue jump of 80.9%reflects the effect of high-profile holiday sporting events and an improved hold rate.
For comparison, during the week ending December 22, New York sportsbooks generated just $34 million in revenue, despite a larger handle.
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