Sports betting in New York has leveled off, with $272M handled in May’s final week

Sports betting in New York has leveled off, with $272M handled in May’s final week

Article brief provided by NY Online Gambling
  • Mark Saxon, NY Online Gambling
June 5, 2022 8:04 PM
  • Mark Saxon, NY Online Gambling

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.

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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.