Another Big Sports Betting Week in New York

Another Big Sports Betting Week in New York

According to the latest report from New York regulators, online and mobile sports betting sites had a handle of $343 million for the week that ended on November 20. It slightly increased from the previous week’s handle of $40 million.

Sports betting websites in New York conducted business as usual last week.

According to the most recent statistics provided by New York authorities, bets placed on mobile and online sports betting sites in the state for the week ending November 20 totaled $343.5 million, a little increase from the $339.9 million recorded for the previous week.

According to sports pay per head reviews and news sites, the previous seven days also saw high revenue growth. Operators produced $41.3 million in gross revenue from online sports betting, a gain of $10 million from the previous week and a 12 percent hold.

Another Big Sports Betting Week in NY

Another Big Sports Betting Week in New YorkSince the start of the football season, New York’s nine online sportsbooks have found their footing, with operators consistently recording more than $300 million in total handle every week. In addition, since mobile betting was made legal in January, this is the first football season during which it is possible to gamble on sports in the Empire State legally.

According to sports betting software experts, the most recent weekly revenue harvest will generate almost $21 million in tax revenue for New York due to the state’s 51 percent tax on operators’ winnings from mobile gambling.

As is customary in New York, FanDuel led all operators in terms of weekly handle, taking bets totaling $144.2 million during the week ending November 20. According to sportsbook betting software reports, the New York-based bookmaker also made over $22 million in profit from that handle.

With $108.5 million in wagers handled and $11.9 million in total income, DraftKings finished second in the weekly rankings.

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