Source link : https://new-york.news/2025/10/11/new-york-sports-bettors-deliver-crushing-defeat-to-fanatics-sportsbook/
Fanatics Sportsbook has once again faced a notable setback at the hands of New York’s sports bettors, according to recent data from Covers.com. Despite high expectations surrounding the platform’s market debut, bettors in the state have repeatedly outperformed the sportsbook, leading to notable financial losses. This ongoing trend raises questions about Fanatics’ approach to odds setting and risk management in one of the fastest-growing sports betting markets in the United States.
Fanatics Sportsbook Faces Significant Losses Amid Intense New York Betting Activity
Fanatics Sportsbook’s recent run in New York has been anything but smooth, with a surge in local betting activity contributing to substantial financial setbacks. As one of the newer entrants into the competitive New York market, Fanatics has encountered a relentless wave of bets favoring underdogs and outsiders, which has deeply cut into the operator’s margins. Industry insiders note that this trend highlights the nuances of regional betting behavior, particularly in a state that heavily favors high-stakes parlays and in-play wagers.
Key factors driving Fanatics’ losses include:
- Unusually high volume of winning bets on long-shot teams, which skewed the payout balances.
- Increased engagement during marquee events, such as NHL and NBA games, where bettors exploited favorable odds.
- Rapid growth of mobile app users, resulting in larger bet sizes and more frequent wagers.
These dynamics have caused…
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Author : Mia Garcia
Publish date : 2025-10-11 14:11:00
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