The end of 2024 was marked by an outstanding achievement for the New York web betting market. From December 16th to 22nd, the second financial record for the month was hit: the wagering industry’s handle amounted to $ 526.4 million per week.
According to the local regulatory commission, a significant jump in the financial indicators is associated with the last action in the NFL playoff season and a series of college football matches.
Details of the Jurisdiction’s Report
At the end of 2024, total stakes climbed by 26.5% YoY. At the same time, operators' profits decreased by 20% due to issues with balancing between revenue growth and lower holds.
New York’s 9 online bookmakers earned $ 34 million in turnover, 7.6% lower than a week earlier. Nevertheless, in the state as a whole, this is the 9th 7-day period in a row with operator profits of over $ 30 million.
The percentage of hold decreased from 8.2% to 6.5%. This value is the lowest since October.
Prominent Market Leaders
The following companies recorded the highest financial results:
- FanDuel. About $ 205 million passed through the operator’s activities centre in a week. At the same time, the company’s revenue fell by 22% to $ 15.7 million. This figure indicates a hold of 7.6%.
- DraftKings. The popular brand’s sales turnover reached $ 167.5 million. The corporation’s gain amounted to $ 10.3 million, with a 6.1% winning rate.
- ESPN BET. The processed bets hit $ 20.9 million, the bookmaker’s top result since entering the local market in September 2024. The company’s weekly growth reached a record of 203%. Its hold was less than 1%, and profits were $ 146,756.
- BetMGM. The brand made sales of $ 40.9 million and received $ 4.4 million in income, the 2nd-highest figure for the entire football season. The largest pool of wagers, $ 40.8 million, was collected by Fanatics Sportsbooks. The platform’s revenue amounted to $ 574,203.
- Caesars. The corporation closed the top 5 with an operating sales volume of $ 35.9 million and profits of $ 2 million.
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