A hold of 5.6% in the week ending April 14 marked the second time in the last four weeks that operators couldn’t get their win rate above 6%.
Empire State sportsbooks saw their revenue take a plunge during the week ending April 14 like they haven’t seen since the February Super Bowl, which also went the way of the bettor. that the nine online operators recorded revenue of $27.5 million, a 35.7% week-over-week drop. It’s ended an eight-week run of $30 million or more of revenue.
Operators have kept the hold around 9% for much of the weeks following the Super Bowl, but a hold of 5.6% in the week ending April 14 marked the second time in the last four weeks that they couldn’t get their win rate above 6%. DraftKings generated a $193.2 million handle, the highest in New York for the first time since the week ending Dec. 17, but the online sportsbook was held back by a 3.7% win rate that produced $7.1 million of revenue.
Caesars had the third-highest handle at $36 million with a hold of 4.7%. BetMGM’s $31.9 million handle was slightly higher than the previous week, but revenue was nearly $700,000 less week-over-week because of a 4% hold. operator finished in the red for the week ending April 14, but there wasn’t a lot of winning either.
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