New York Sportsbooks had their second-highest weekly revenue all-time in Week 2 of the NFL season

During Week 2 of the 2024 NFL season, there were several big-time upsets. In New York, their eight online operators almost set a weekly record for revenue. For the week ending on September 15, NY sportsbooks collected $69.2 million in revenue. Those figures were reported by the New York Gaming Commission. It was their second-highest weekly revenue haul in the Empire State’s betting history. 

New York’s largest weekly revenue came from the week ending on May 12 with $70.9 million. At the time, the New York Knicks were in the middle of the NBA playoffs. A lucrative time for the eight online operators across the state. Compared to their figures from the same week in 2023, New York’s revenue was up a whopping 143.7%. With the state’s 51% tax rate, New York generated $35.3 million in revenue.

New York’s handle continues to grow

New York’s Gaming Commission reported the state had a $478.2 million betting handle for the week ending on September 15. The state’s all-time wagering mark is now above $50 billion. While New York’s handle only grew 2% week-over-week, it was up 20% year-over-year. For the third consecutive week, New York sportsbooks generated a $400 million handle. Their 14.4% hold was higher than the 13.3% hold during the same week in 2023.

What New York sportsbooks saw the most profit for the week ending on September 15?

For the week ending on September 15, FanDuel nearly set a New York weekly record. Their $35.1 million in revenue was just shy of the $36.5 million all-time weekly high for NY operators. That record stands with DraftKings who broke the record during the week ending on May 12. While FanDuel did not set a NY weekly record for all sportsbooks, the $35.1 million in revenue was still their new best. FanDuel had an outstanding 19.1% hold from the $183.4 million handle. 

DraftKings had a 12.8% hold from the $184.3 million handle to collect $23.6 million in revenue. It was the first time since late May that DraftKings had $20 million in weekly profits. Additionally, it was their second straight week with at least $180 million in wagers. 

Caesars Sportsbook’s $33.4 million in revenue was the third highest of any NY operator for the week ending on September 15. They had an 11.4% hold to collect $3.8 million in revenue. Their highest total since January. BetMGM had $31.27 million in revenue was edged out by Fanatics’ $31.29 million in revenue. Fanatics made $2.9 million in revenue in the week ending on September 15.