New York Mobile Sportsbetting Handle Drops Below $1 Billion

New York's mobile sportsbettting handle dropped below the $1 billion mark for the first time ever in July, as the Empire State's handle was a "mere" $800.8 million during the month.

The number was down from the $1.05 billion recorded in June, marking a 23.8% drop. The state's revenues were up, though, with revenues jumping 1.2% to $73.3 million. The leader in terms of handle and revenue was FanDuel, which had $347.7 million in handle and $39 million in revenue. DraftKings was next with $213.5 million in handle and $15.8 million in revenue. Caesars Sportsbook had handle of $118.2 million and revenues of $8.7 million. BetMGM had handle of $73.2 million and revenue of $6.3 million. PointsBet had $16.5 million in handle with $1.7 million in revenues.

Bally Bet, the state's newest operator finished in last place with handle of $640,396 and revenues of $40,080.

The state of New York has regularly been in the top end of the United States sportsbetting market since it legalized the activity in January of this year. The state's large population due to it having New York City within its boundaries has helped pad these numbers. Things will also likely tick up next month as the NFL season kicks off.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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9 August 2022 - 6:43pm

Amazing that it took so long for it to dip. This is the slow period for sports in the US though. I'm interested to see where it goes once the NFL season gets underway, since we haven't seen it active in the NY market yet.

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