The Empire State saw a significant drop in weekly handle for the period ending June 18, but the nine online sportsbooks combined to record an increase in revenue.
The hold for legal sports betting operators rose from 8.7% in the previous week to 9.8% in the latest figures released by the New York Gaming Commission, resulting in a 4.6% jump in profits despite a nearly 7% drop in handle. New York took in $278 million in wagers during the week ending June 18 and recorded $27.2 million in revenue.
The effects of slower summer sports betting led to the fifth consecutive week under a $300 million handle. However, revenue remained above $25 million for the fourth consecutive week.
