Significant Decline: NY Sports Betting Handle Plunges Below $1bn in July

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Players wagered a total of $800.8m on sports in July, experiencing a decline of 23.8% compared to the previous month. This also marks the lowest monthly amount in the state’s history. The gross gaming revenue from mobile sports betting showed a slight increase of 1.2% from $72.4m to $73.3m. July became the second-lowest month for recorded revenue.

  • Flutter Entertainment’s FanDuel Group retained the top position, generating $39.0m in revenue from $347.7m in player bets.
  • DraftKings followed closely in second place with $15.8m in revenue from a $213.5m handle.
  • The Caesars Sportsbook recorded $8.7m in revenue and a $118.2m handle.
  • BetMGM reported $6.3m in revenue and processed $73.2m in total wagers.
  • PointsBet posted $1.7m in revenue and a $16.5m handle.
  • Rush Street Interactive achieved $1.2m in revenue from $20.3m in total player wagers.
  • Wynn Interactive generated $431,990 in revenue with a $6.0m handle.
  • Resorts World recorded $262,309 in revenue from $4.7m in wagers.
  • Ballybet, the ninth licensed operator in New York, had revenue of $40,080 and a $640,397 handle.

Ballybet’s launch in New York was supported by a marketing partnership with the New York Yankees, a Major League Baseball franchise.

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Travis Chang is a highly respected writer with a deep-seated passion for gambling and online gaming. With over a decade of experience in the industry, Travis has carved out a reputation for his insightful and well-researched content on casinos, sports betting, poker, and emerging trends in online gambling. His writing is celebrated for its clarity, depth, and ability to make complex subjects accessible and engaging for a wide audience. Travis's articles provide readers with in-depth reviews, expert strategies, and the latest industry developments, empowering them to make informed decisions and enhance their gaming experiences.
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