Its handle was 18% lower from the previous week, and revenue was down 37.5% to US$11.6 million. It was the lowest hold and first time revenue below US$25 million since the final week before football.įanDuel was again the bettors’ choice as it produced the largest portion of the total gambling handle with US$214.8 million. After its previous average hold of 7.7%, the hold for operators slipped to 4.2% in the last week of November. The return of football has been a major factor in the rejuvenation of the market.ĭespite the solid weekly betting volume, gross gaming revenue for the week of November 26 dropped by 47% to US$21.5 million from the previous week. Handle Still Strong but Earnings Dropįor the week ending on November 26, 2023, the nine digital bookmakers reported a combined betting volume of US$516.6 million, which is the second week in a row with wagering volume above US$500 million and the third time in five weeks after only making that milestone once. These brands are FanDuel, DraftKings, Caesars Sportsbook, BetMGM, and PointsBet which will rebrand to Fanatics, WynnBET, Resort WorldBET, Bet Rivers, and the recently reintroduced Bally Bet. The Empire State has operated a mobile sports wagering market since January 2022, which allows for nine private operators to offer and accept digital bets on sports in the state.

According to the New York State Gaming Commission, for the week ending on November 26, 2023, the nine operators posted another weekly handle above the US$500 million mark, but revenue dropped significantly from the prior week. New York’s mobile sports betting operators continue to rack up significant wagering volume in the last full week of November 2023.

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