FanDuel, a Flutter Entertainment company, saw a noteworthy 12% increase in its revenue share last week.
The online operator remains the market leader, having usurped Caesars in year-to-date figures with 35% compared to Caesars’ 31%. FanDuel is also the market leader in year-to date handle markets with 36%. Its closest rival is once again Caesars, which has a 26% share of New York’s market handle.
DraftKings has slipped to third in New York’s weekly standings, after losing 12% of its market share the same week FanDuel gained 12%.
FanDuel is now third in New York’s standings, and this marks further growth for the brand.
Caesars is happy that it was bumped to second despite the fact that its lead for the year has been lost. In the market
Caesars also saw significant growth in its market share, increasing from 16% up to 21%.
Despite FanDuel’s revenue gains over DraftKings, both operators’ handle market share has remained consistent with the week prior.
DraftKings still has a 25% share of the market’s handle, while FanDuel’s handle rose by just 2%, from 39% to 41%.
FanDuel has experienced a 22% growth in its handle market share, which is quite reasonable considering the huge profit it makes from each week’s revenue share.
BetMGM (the joint venture between Entain & MGM Resorts) ranked fourth with 11% handle share.
In the latest week, market generated $13.9m in total revenues and $327.8m by handle share. Total revenue dropped 47% from week to week while handle declined 23%.
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