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SportsTranscript
00:00All right. Now let's dive into New York. Good news, on the other hand, for Fanatics. Now, naturally, I think, Jim, some of the reporting here obviously has to be taken with a grain of salt, because when a new company jumps into the marketplace, they're able to give out promotions and codes and things like that for people who have not joined their sportsbook for the first time.
00:22It's really more interesting to me to see how over time, if that's able to be maintained. So do you think that that is part of the reason why Fanatics has had this early success, new to the market, new to entry, giving out these new promos, or is it just simply put, they're doing a great job? Maybe a combination of both.
00:41Yeah, probably a combination of both, Craig. And unfortunately, in New York, we don't get to see exactly how many promotional dollars these sportsbooks are offering up on a monthly basis.
00:52So interestingly enough, we did see PointsBet, which obviously is now Fanatics, that last month where they were still operating as PointsBet in New York, they had one of their most successful months ever.
01:07So now $71.7 million for Fanatics in May handle in New York. They had their winningest month ever with $7 million in revenue. So certainly on a bit of a positive trend for Fanatics in New York.
01:27Overall, all of the sportsbooks combined to produce $203.3 million in May revenue, just shy of $2 billion in bets combined across the market.
01:41An interesting thing, too, that happened in May was overall handle increased from April, which is something that you don't typically see in sports betting markets across the country.
01:54As we get deeper and deeper into the summer, there's less and less sort of mainstream sports to wager on. So I thought that was at least a bit interesting.
02:06That handle did tick upwards in May from April. It was also the second time that sportsbooks cleared more than $200 million in revenue in a single month. The last time was earlier this year in January, $211.5 million collectively in revenue for the sportsbooks.
02:26Just the big sort of numbers coming out of that $203.3 million revenue haul. Fanatics, or excuse me, FanDuel, $88 million. DraftKings, $84.2 million. And DraftKings did out-handle FanDuel in May in New York for the first time since September, Craig.