New York operators record lowest weekly sports betting handle in nearly a year
Monday 24 de July 2023 / 12:00
⏱ 2 min read
(New York).- New York sportsbooks saw the summer betting lull hit its low point for the week ending July 16, posting their lowest cumulative handle in a year.
The Empire State’s nine legal sports betting online sportsbooks suffered through their slowest week in nearly a year in the most recent period ending July 16.
The New York Gaming Commission reported a weekly handle of $161.96 million, the lowest since the week of July 24, 2022, and the first time with wagers totaling under $200 million for the first time since late August 2022.
The handle for betting sites was 32% less than the previous week, marking the eighth consecutive week under $300 million.
Revenue slipped 23.7% week-over-week from $22.8 million to 17.4 million on July 16. It ended back-to-back weeks of $20 million in profits.
New York online operators reported a hold of 10.74%, which was up from the 9.6% the previous week, but there just weren’t enough wagers made to turn a bigger profit.
Wagers were down 12% from the same week in 2022, but revenue was up 64%.
FanDuel produces nearly 12% hold
FanDuel led New York sports betting for the week with $7.6 million in revenue on a handle of $64 million, the second consecutive under $100 million. A hold of 11.9% increased slightly from 11.3% in the previous week.
DraftKings fell just short of its rival with a handle of $56.99 million for the period ending July 16. A win rate of 10.2% turned into revenue of $5.8 million. Profits for DraftKings fell below $10 million for the fourth consecutive week, matching a similar run from late May through mid-June.
Caesars ranked third in New York for the week with a handle of $18.76 million, down nearly 35% from the previous period. A lower hold (8.4%) returned profits of $1.58 million. BetMGM was fourth with revenue of $1.3 million on a handle of $11 million.
By Brad Senkiv
Categoría:Sportsbook
Tags: Sin tags
País: United States
Región: North America
Event
SiGMA North America 2026
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(Mexico City, SoloAzar Exclusive).- The CEO of Alea analyzes the company's participation in SiGMA North America, the potential of Mexico and Brazil and the growth opportunities in North America and Latin America. It also reviews the new features presented during the event, including the new sportsbook vertical and Alea Jackpot.
Wednesday 23 Sep 2026 / 12:00
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(Mexico City, SoloAzar Exclusive).- Following a successful showcase at SiGMA North America, Caio Ruiz, Head of Growth and Strategic Partnership at CP Games, reflects on the event's key takeaways. He discusses the critical need for localized strategies across the Americas, the importance of flexible technical integrations, and the company's next steps in navigating the diverse gaming landscapes of LatAm and North America.
Tuesday 22 Sep 2026 / 12:00
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