JPMorgan
2026-06-12
Gaming: New York Weekly (ending 7 June): OSB handle up 12% y/y, hold rate 7.6%
Report Summary
New York online sports betting (OSB) handle grew +12% YoY for the week ending June 7, but GGR fell -33% YoY, resulting in a low implied hold rate of 7.6% (down 517bps YoY). FanDuel and DraftKings maintained market leadership with 34% handle share each, while Fanatics emerged as the fastest-growing operator with handle up 56% YoY. Q2-to-date, total OSB handle was roughly flat at -1% YoY with GGR flat and a 10.3% hold rate.
Key Takeaways
- Weekly NY OSB handle reached $449M (+12% YoY) but GGR dropped to $34M (-33% YoY), with hold rate at 7.6% vs 12.8% prior year
- FanDuel led with $155M weekly handle (+12% YoY, 34% share) but GGR fell 42% YoY to $12M with hold rate plunging to 7.4% from 14.3%
- Fanatics was the standout performer with handle surging 56% YoY to $57M, gaining share from 9% to 13%
- DraftKings posted $152M handle (+4% YoY) but GGR plunged 51% YoY with hold rate at just 6.1% (down 690bps)
- Q2-to-date total handle of $4,872M was -1% YoY with total GGR of $502M flat YoY, hold rate 10.3%
Topics Covered
Online Sports Betting
New York Gaming
iGaming Regulation
Sports Wagering
US Gaming Market
Digital Gambling
Companies Mentioned
FanDuel (Flutter)
DraftKings
Fanatics
BetMGM (Entain/MGM)
Caesars
Rush Street
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