This is going to be a winner for New York bettors at Fanatics Sportsbook.
One of the newest sportsbooks in the industry, after acquiring PointsBet in June 2022; Reported by a fanatic The week-long operation in the Empire State, ending October 13, resulted in overwhelming losses of $1.3 million.
The favorite reigned supreme in the NFL betting market that week, and after a solid start to the year by the underdog ATS, the favorite went 10-3 against the spread (ATS) in Week 6. .
The Fanatics then lost again in Week 7 despite the championship going 7-7 ATS. However, many of the underdogs remained darlings of the public.
The sportsbook did not disclose the amount of the loss.
Fanatics told the Post that moneyline bets on the weekend's two underdog winners, the Lions and Chiefs, were the weekend's biggest liability nationally.
“Our New York customers had another winning week betting on the NFL at Fanatics Sportsbook,” a spokesperson told the Post. “Although the Jets and Giants didn't win the World Championship this weekend, a number of fan-favorite teams did win this weekend, including the Chiefs, Lions, and Steelers — all of whom were underdogs. (12) Teams Also: 28 Points or more helped NFL bettors at Fanatics Sportsbook cash in on the highly popular Time TD scorers and point totals in their parlays.”
The spokesperson added that 75.7% of the national handle (money wagered on the game) was for the Lions against the Vikings +1.5, while the handle for the Eagles -3 vs. the Giants was 83.3%.
Commanders -8 vs. Panthers won 70.4% of the game and Chiefs +1.5 in San Francisco won 62.1%.
Fanatics says it loves what New Yorkers are doing because the Big Apple is the most important state in the sports betting industry.
New York State accumulated more than $1 billion in wagers from January to June, which equates to $517.1 million in state tax revenue.
“Over the past two weeks, Fanatics Sportsbook customers have been winning big on football in New York and across the country, and we're loving it,” Fanatics told the Post. “We work differently and that's why we're 10x more rewarding than the major sportsbooks. It's the perfect time to join FanCash and of course , New York's sports calendar is packed with the fall classics Yankees and Knicks, and it's the perfect time to get some wins.”
Losing weeks are common at sportsbooks, but consecutive losing weeks are rare.
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Fanatics hopes that the unique technology and multi-level sports products purchased at PointsBet will attract more customers and lead to profitable business in the future.
New Yorkers, the world's most intelligent sports fans, might have something to say about that.
Why trust New York Post Betting?
Erich Richter is a blue belt in Brazilian Jiu-Jitsu but has a black belt in mixed martial arts gambling. During football season, he proved to be a huge moneymaker for the Post in the player prop market the past two seasons. Always betting on the long shot, the return on investment from 2022 onwards is 30.15%.
