In 2024, New York had the most lucrative U.S. sports betting market. With that success, sportsbooks went out with a bang in the year’s final week. The New York Gaming Commission reported that nine online operators combined for $61.5 million for the week ending on December 29. That was the state’s second-highest total during the 2024 football season. This was the sixth time since sports betting became legal in January 2022 that NY collected at least $60 million in revenue.
Compared to their figures from 2023, New York sportsbooks saw an 80.9% increase during Christmas week. New York operators produced their most weekly revenue since mid-September. Their handle reached $519.8 million which was a slight 1.2% decrease. However, this was the fourth time they’ve had a handle that reached $500 million in the last five weeks.
Operators saw this success during Week 17 of the NFL which featured two primetime games on Netflix. There were also roughly 20 bowl games and NBA wagering that played a factor in New York’s success for the week ending on December 29. State operators combined for an 11.8% hold that was nearly double the previous week. It was New York’s highest monthly hold since $69 million in September from an outstanding 14.4% hold.
What NY sportsbooks saw the most success for the week ending on December 29?
To no surprise, FanDuel benefitted from the success New York sportsbooks saw a few weeks ago. For the week ending on December 29, FanDuel finished with a 14.1% hold. The sportsbook operator saw their handle jump 4% week-over-week to $213.5 million. Revenue increased 93.6% to $30.2 million. This was the fourth time in NY sports betting history that FanDuel had revenue of $30 million or greater in a single week.
DraftKings had the second-highest handle in NY for the week ending on December 29. They saw $165.6 million wagered at the online sportsbook. In the week ending on December 29, DraftKings’ $18.1 million in revenue was $8 more than the previous week. It was also DraftKings’ largest handle in the last five weeks.
Fanatics Sportsbook had a week-over-week handle increase to generate $43.5 million in wagers. That was good enough for third amongst NY sportsbooks for the week ending on December 29. That was slightly ahead of the $37.5 million from BetMGM. With a double-digit hold, Fanatics finished with $4.5 million in revenue. That was a whopping 683% increase week-over-week. In fifth place, Caesars finished with a $36.5 million handle.
