FanDuel Sets NY Sports Betting Revenue Record

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NY sports betting

FanDuel set an NY sports betting record with $32.3 million in weekly revenue in the week ending Sept. 10.

According to figures released Thursday by the New York State Gaming Commission, FanDuel is the only sportsbook to ever eclipse $30 million in New York sports betting revenue in a single week.

All NY sports betting apps combined for $56.6 million in revenue during the first week of the NFL betting season.

Ranking NY sports betting revenue

The only other time online sports betting in New York combined for more than $50 million in weekly revenue was in January this year.

For the week ending January 22, online sportsbooks combined for $57.5 million in revenue.

The first week of the NFL season produced a sizable increase over the $8.3 million in combined revenue from the week ending September 3.

NFL betting spikes handle

With NFL betting back on the schedule, FanDuel handled $195.5 million across all sports between September 4 and September 10.

It was the second-highest weekly handle total in New York sports betting history, behind only the $229.7 million Caesars Sportsbook handled in mid-January 2022. That was at a point where Caesars was giving out more than $3,000 in bonus bets for the first few weeks of the market.

DraftKings accepted $138.9 million during the week.

Strong week overall for NY sports betting apps

All sports betting apps in New York combined for $416.1 million in weekly bets for the week ending Sept. 10.

It was a 33% increase over the week before and 26% higher than the same week last year.

Weekly handle declines for some

Several New York sports betting operators failed to increase handle week-over-week with the start of the NFL season.

Three online sportsbooks saw their weekly handle drop from the prior week.

SportsbookWeek ending Sept. 3Week ending Sept. 10Change
BetRivers$10 million$9.6 million-4.6%
Resorts World Bet$1.5 million$1.3 million-15.8%
PointsBet$5.7 million$5.3 million-6.9%

Despite a drop in weekly handle, each of those sportsbooks generated positive revenue for the week.

NY sports betting operations for WynnBet

WynnBet posted its second consecutive week of losses in New York in the week ending Sept. 10.

It lost more than $221,000 during the week, its largest weekly loss in New York. WynnBet lost $36,700 the week before.

The company is currently reviewing its New York operations after shuttering its sports betting app in eight other states last month.