New York mobile sports betting handle drops again in July

Gross gaming revenue from mobile sports betting climbed by 1.2 per cent.
Gross gaming revenue from mobile sports betting climbed by 1.2 per cent.

New York’s mobile sports betting handle hit a record low in July, with players spending $800.8m.

US.- Players in New York spent $800.8m on mobile sports betting in July, the lowest monthly total since the regulated market launched in January. It’s the first time since launching that total handle falls below $1bn.

July mobile sports betting handle was down 23.8 per cent from $1.05bn reached in June. Gross gaming revenue, however, increased by 1.2 per cent from $72.4m to $73.3m, making July the second-lowest month for revenue on record.

Flutter Entertainment-owned FanDuel Group remained the clear market leader with $39m in revenue from $347.7m in bets. DraftKings placed second with $15.8m in revenue off a handle of $213.5m, ahead of Caesars Sportsbook with revenue of $8.7m and a $118.2m handle. BetMGM also posted $6.3m in revenue of a lower handle of $73.2m.

PointsBet followed with $1.7m in revenue and $16.5m in player spending. Rush Street Interactive followed with revenue of $1.2m and a $20.3m handle. WynnBet took $6m in total bets and generated $431,990 in revenue, while Resorts World posted just $262,309 in revenue from $4.7m in wagers. 

Bally Bet, the latest licensed operator to go live in New York, completed the ranking of the nine operators with revenue of $40,080 and a $640,397 handle.

See also: New York passes legislation to establish Problem Gambling Advisory Council

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