New York: FanDuel takes 12% revenue market share from DraftKings?
Flutter Entertainment-owned FanDuel gained a notable 12% in revenue market 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 also leads the year-to-date handle market, with 36% share. 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%.
This marks further progress for the brand, with FanDuel imposing itself to sink DraftKings to third in the New York standings.
Therefore, despite losing its year-to-date lead, Caesars will be glad to have been bumped up to second in the market.
Furthermore, Caesars is the only operator to see significant gains in its share of market handle, rising from 16% to a 21% share.
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%.
To say FanDuel just made a 2% gain in handle market share is appropriate, given the vast profitability of its latest weekly revenue share.
BetMGM, the joint venture of Entain and MGM Resorts, ranked fourth in terms of handle share at 11%.
The latest week saw the market generate $13.9m in total revenue and $327.8m in handle share. Overall revenue fell 47% week-over-week, while handle fell 23% over the same period.
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