New York Sports Bettors Lose Out After Bills and Giants Falter
New York sports bettors were left in the red after heavy defeats for the Buffalo Bills and New York Giants at the weekend.
The Giants were clear underdogs in their divisional round game against the Philadelphia Eagles, but few fans expected them to suffer such a comprehensive loss.
It ended up 38-7 to the Eagles at Lincoln Financial Field, meaning that the Giants failed to cover the spread by a huge margin.
The Bills were the favorites to beat the Bengals, but they slumped to a 27-10 defeat in the Cincinnati snow.
Joe Mixon put up 105 rushing yards off 20 carries, which helped power the Bengals into the AFC Championship game against the Chiefs for the second straight year.
Those defeats made it a tough week for New York sports bettors. The state’s nine online sportsbooks reported a handle of $450.7 million for the seven days to January 22, up from $423 million the previous week.
They earned $57.5 million in gross revenue, which was more than double the $28 million they held the week before. It amounted to a total hold percentage of 12.7% for Empire State sportsbooks, which was well ahead of the previous week’s 6.6% hold.
FanDuel was the top sportsbook, with revenue of $26.6 million from a handle of $182.4 million. DraftKings took second place, with a handle of $152.4 million and revenue of $20.2 million, while Caesars Sportsbook remained ahead of BetMGM in third place.