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.