The summer lull apparently is over for legal New York sports betting.
For the first time since early May, New York bettors cracked the $300 million mark for weekly handle, wagering $330 million in the week that ended Sept. 11, according to the latest New York State Gaming Commission revenue report. The first NFL regular season betting action clearly has driven an uptick in action, a good omen for the nine mobile sportsbook operators.
The bettors have struggled so far judging by the hold rate — or loss rate for gamblers — of 9.9% resulting in gross gaming revenue (GGR) of $32.6 million.
Even before this week’s report, there were signs that the arrival of the NFL and NCAA football seasons would end New York’s summer slowdown
