New York's online sports betting market experienced a record-breaking Super Bowl LIX week, with handle and revenue significantly surpassing previous years. The surge in activity was driven by a combination of major sporting events, including the Super Bowl and prominent NBA, college basketball, and NHL games.
New York 's online sports betting saw a significant surge during Super Bowl LIX week compared to the previous year's event. The state's Gaming Commission reported that nine mobile sportsbooks generated a $557.9 million handle in the week ending February 9th, representing a 17.5% increase from Super Bowl LVIII. This heightened activity was driven by a combination of football, basketball, hockey, and other sports, resulting in a substantially increased hold for operators. The 11.
8% hold for the week ending February 9th in the most lucrative U.S. sports betting market was a stark contrast to the previous Super Bowl week's 1.1% win rate, leading to a whopping $62.4 million in operator gross revenue. This marks a dramatic shift from the mere $5.1 million in revenue generated by New York sports betting operators during the same week last year.Super Bowl LIX's tax haul contributed nearly $24.2 million to New York's coffers solely from online sports betting. Wagering for the week ending February 9th increased by 7.5% compared to the preceding non-football week, while gross revenue jumped by 10.8%. This period witnessed handle surpassing $500 million for the eighth consecutive week, and operator revenue reaching $50 million for the fourth time in five weeks. New York's two leading market-share holders, FanDuel and DraftKings, experienced substantial growth. FanDuel enjoyed a remarkable week with a $222.2 million handle, the third highest in a single week since December 2024, representing a 37.5% increase from last year's Super Bowl week. The online operator generated $33.8 million, FanDuel's second-highest ever, thanks to a 15.2% hold. FanDuel's Super Bowl LIX week profits rose by 96.5% from last year's Big Game. DraftKings also witnessed a significant increase in bets, with a $194 million handle, a 9.2% week-over-week increase and the most wagered in a single week since the end of November. Behind an 8.9% hold, the online book generated $17.2 million in gross revenue, down slightly from the previous week but up $10 million from the same week in 2024.Unlike FanDuel and DraftKings, other online sportsbooks in the state did not experience the same week-over-week growth. Four operators saw a decrease in wagers during Super Bowl week, while two smaller books saw marginal increases. Fanatics Sportsbook achieved a 10.8% hold on a $39.8 million handle, securing $4.3 million in gross revenue during its first Super Bowl in New York. BetMGM, which incurred losses over $9.6 million during last year's Super Bowl, turned a $2.7 million profit this year on a $38.4 million handle. Caesars took in $32.5 million, and an 11.7% hold led to $3.8 million in gross revenue. ESPN BET's $11.8 million handle edged out BetRivers for fifth place by approximately $100,000. PENN Entertainment collected $1.2 million in revenue, its second highest since launching ESPN BET in late September 2024.
SPORTS BETTING NEW YORK SUPER BOWL HANDLE HOLD REVENUE FANDUEL DRAFTKINGS
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