The action picked up for New York’s legal sports betting online operators in the final week of July, but it didn’t turn into an especially profitable period for sportsbooks. The handle for the week ending July 30 ($246.5 million) was up 13% from the previous week’s $217.8 million and 38% higher than the same week in 2022.
However, revenue didn’t match the increase in wagers as the $24.2 million profit was down 4% week-over-week.
It left the eight online sportsbooks going over $200 million in handle and $20 million in revenue in all but one week during July.
The hold of 9.8% during the period ending July 30 ended a two-week streak of win rates over 10%.
