The Empire State began building toward more consistency in the latest week of online sports betting.
New York’s eight operators combined to generate more than $300 million in wagers in consecutive weeks for the first time since a 46-week run ended in July.
The New York Gaming Commission reported a handle of $307.8 million for the week ending Aug. 11, down 6.9% from the previous week but more stable with the start of the NFL preseason and the end of the Olympics.
Revenue reached $24.6 million, up 8.8% week-over-week. An 8% hold was better than the week before when bettors held their own against a 6.8% operator win rate.
Profits have stayed below $30 million in three of the last four weeks, but football season is just a few weeks away. New York sportsbooks averaged nearly $37 million weekly in revenue in Sept. 2023.
