New York sports bettors picked up their performance last week, limiting the mobile sportsbooks’ take to 5.08%, the lowest hold rate for the operators in nearly a month.
The New York State Gaming Commission’s weekly numbers for the week ending May 29 show that the eight licensed operators in the state collectively took $271.9 million in sports bets and retained gross gaming revenue of $13.8 million. The previous week, the mobile sportsbooks won at a 9% rate on a handle of $261.1 million.
As a result of a better week by New York bettors, the state saw its share from the sportsbooks’ winnings decrease to $7.06 million in taxes, the lowest haul since May 1.