FanDuel’s mobile betting revenue in New York is over $2 bln

New York sports betting companies have collectively earned more than $4 billion, with FanDuel contributing about 50.4% of that total from the state’s nine sports betting apps.

FanDuel, the leader in digital sports betting, just scored a big win. The company has now earned more than $2 billion from mobile sports betting in New York alone. The New York State Gaming Commission shared the data for the week ending July 21. It took FanDuel 133 weeks to reach that big number, showing just how crushing it is in New York’s complex sports betting scene.

New York sports betting companies are doing well overall, with their combined revenue now exceeding $4 billion. FanDuel contributed about 50.4% of the $4 billion that the state’s nine sports betting apps made together.

FanDuel earned $11.2 million in mobile sports betting in the week ending July 21, even though overall betting volume was down. The handle was down 26.1% from the previous week to $224.6 million. The drop was due to a slower sports schedule during the MLB All-Star break. However, the handle saw a 38.7% jump from the same week in 2023.

Fanduel continues to show its strength, with its streak of double-digit holds now reaching 11 straight weeks. That’s the longest streak in New York history. FanDuel had a 12.9% win rate on a handle of $86.8 million in the week ending July 21. What’s more, the company has now earned more than $10 million in revenue for 23 consecutive weeks, demonstrating its continued financial success.