The legal sports betting industry in New York continued a sluggish fall recovery from its summer lull.
The weekly handle reported by all nine mobile sportsbook operators in the state for the week ending Sept. 25 came to $301.6 million, up slightly from the previous week, according to the latest gaming commission report. The week ending Sept. 18 had been down roughly 10% from the previous week, prompting some to worry that New York’s 51% tax rate, highest in the nation, was stunting a recovery fueled by the return of NFL action. Another explanation for the underwhelming numbers is that operators have canceled some of the sign-up bonuses they offered heading into the NFL and NCAA football seasons.
