FanDuel’s proficiency in generating parlay revenue continues to give it an iron grip on the top revenue spot for mobile operators. May’s total was more than $36.1 million, as the sportsbook crafted a 12.5% hold from $288 million in completed events handle. It was the 11th consecutive month FanDuel posted a 10% or higher hold, with six of those months at 12% or better.
The online titan was one of three mobile books with overall double-digit holds, as PointsBet claimed top honors at 12.8% and BetRivers’ improved parlay success contributed to an 11.6% win rate. DraftKings narrowly missed 10% as it claimed $25.5 million in revenue from $255.7 million handle, while BetMGM notched a 9.7% win rate to claim $4.6 million from $48.1 million in accepted wagers.
The race for the No. 3 spot in handle behind FanDuel and DraftKings again had some drama, as BetRivers beat back a challenge from Caesars. Rivers’ $66.7 million in accepted bets was nearly $2.7 million more than Caesars, which had $64 million.
BetMGM rounded out the top five at $48.1 million, outpacing PointsBet by nearly $3 million, but Barstool Sportsbook’s slide deeper into the cellar continued at $27.6 million. It was the lightest online handle in Illinois for the PENN Entertainment book since accepting $26.5 million worth of wagers last August
The online titan was one of three mobile books with overall double-digit holds, as PointsBet claimed top honors at 12.8% and BetRivers’ improved parlay success contributed to an 11.6% win rate. DraftKings narrowly missed 10% as it claimed $25.5 million in revenue from $255.7 million handle, while BetMGM notched a 9.7% win rate to claim $4.6 million from $48.1 million in accepted wagers.
The race for the No. 3 spot in handle behind FanDuel and DraftKings again had some drama, as BetRivers beat back a challenge from Caesars. Rivers’ $66.7 million in accepted bets was nearly $2.7 million more than Caesars, which had $64 million.
BetMGM rounded out the top five at $48.1 million, outpacing PointsBet by nearly $3 million, but Barstool Sportsbook’s slide deeper into the cellar continued at $27.6 million. It was the lightest online handle in Illinois for the PENN Entertainment book since accepting $26.5 million worth of wagers last August
