New York Sportsbetting Handle Rises in August

The state of New York's sportsbetting revenue rose for the first time in four months in August, with revenues from the activity coming in at $99.6 million.

The totals were still the second-lowest of the year, but broke the four-month series of declines. Handle came in at $872.2 million, up 8.9% from July. This is the second time that handle hasn't reached $1 billion or more, due likely to the lack of sports that were taking place during the month.

FanDuel was the top operator in the Empire State, with revenues of $46.6 million on $374.6 million in handle. DraftKings was second with $25.9 million in revenue on $244.5 million in handle. Caesars was in third spot with $12.7 million on $117.6 million in handle, while BetMGM was fourth with $8.8 million in revenues on $73 million in handle.

Rush Street Interactive, Wynn, Resorts World, and BallyBet rounded out the market, with $2.2 million, $492,014, $352,785, and $97,502 in revenues respectively.

Things are sure to tick up this month with the launch of NCAA and NFL football seasons. In October, the NHL and NBA will also get underway, likely padding the totals that'll be incoming.