New York operators record lowest weekly sports betting handle in nearly a year

New York operators record lowest weekly sports betting handle in nearly a year

Article brief provided by Covers
  • Brad Senkiw, Covers
July 21, 2023 4:06 PM
  • Brad Senkiw, Covers

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.