New York sports betting weekly handle up, but revenue down from prior week

New York sports betting weekly handle up, but revenue down from prior week

Article brief provided by Covers
  • Geoff Zochodne, Covers
December 26, 2022 6:43 PM
  • Geoff Zochodne, Covers

The revenue reaped from sports betting in New York took a steep drop last week, which was otherwise business as usual for operators.

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Numbers recently reported by the New York State Gaming Commission show the state’s nine online sports betting sites handled $359.6 million in wagers for the week ended December 18, up from $342.6 million the week before.

However, while the weekly handle was relatively steady, revenue was not.

According to the gaming commission, online sports betting gross revenue for the week ended December 18 was just shy of $10 million, the lowest total since July. To compare, for the week ended December 11, revenue had been $44.5 million.