![]() These figures indicate a promising trend for the sports betting industry in the state, highlighting the potential for future recovery and expansion.įanDuel claimed the top spot with a handle of US$121 million. In the same period of 2022, New York’s operators generated a handle of US$270.6 million with revenue just under US$11 million. This marked the second consecutive period with wagers below US$300 million, and the second time in the last three weeks that revenue dropped below US$35 million.ĭespite the recent dip, there is positive year-over-year growth. Although the handle saw a 14.5% increase to US$299.9 million, revenue plummeted by nearly 40% to US$25.3 million. New York State Gaming Commission’s latest report disclosed that for the week of June 4, hold for operators dropped to 8.4%. It kicked off work on January 8, 2022, and it reaped tremendous success for its first 12 months as it accumulated just over US$700 million in tax revenue for the state. The Empire State’s mobile sports betting market operates under a limited operator model, allowing for nine state-licensed sportsbooks to legally offer and accept wagers on various sporting events. Meanwhile, they generated a total volume of US$299.9 million in digital wagers. However, the numbers are not in favour of sportsbooks as they saw a decrease in hold for the week ending on June 4, 2023. New York State has issued the weekly numbers for its mobile sports betting market, and this time the total wagering handle has bounced up. ![]()
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