August: NY Online Sports Betting Crosses $2B Mark
Highlights
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The total online sports betting handle revenue increased to $2.4 billion in August. This represents a significant year-over-year growth rate of 41.9%.
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FanDuel retains its top position in New York, reporting a $ 66.9 million out of $561.9 561.9million handle with a hold of 11.91%.
According to reports from the New York State Gaming Commission, the wagers accounted for $2.4 billion in revenue from online sports betting handle in August.Â
This consumer spending meant New York marked a staggering 41.9% year-over-year growth rate. And it is also 45.9% higher compared with July.
It is the first time since May that online sports betting crossed the $2 billion mark, with gross revenue hitting $178.2 million.Â
FanDuel retains its top position in revenue generated during August, being $66.9 66.9million out of $561.9 million, registering a hold of 11.91%. Draft King is trailing in the race to the top with $62.3 million out of $579.6 million handle, leaving a hold of 10.75%. Â
Fanatics is back in the third position, drawing $16.1 million off $565.8 million. With its revenue on the lower side, it records a hold of just 2.85%.
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This consumer spending meant New York marked a staggering 41.9% year-over-year growth rate. And it is also 45.9% higher compared with July.
It is the first time since May that online sports betting crossed the $2 billion mark, with gross revenue hitting $178.2 million.Â
FanDuel retains its top position in revenue generated during August, being $66.9 66.9million out of $561.9 million, registering a hold of 11.91%. Draft King is trailing in the race to the top with $62.3 million out of $579.6 million handle, leaving a hold of 10.75%. Â
Fanatics is back in the third position, drawing $16.1 million off $565.8 million. With its revenue on the lower side, it records a hold of just 2.85%.
To gain deeper insight, Click HereÂ