The Empire State formally became the fifth to surpass $10 billion in sports wagering handle Friday when the New York State Gaming Commission released its full August revenue report.
The calculations were that New York crossed that threshold during the week ending Aug. 28, and the final tally of $877.4 million for the month confirmed entry into the space also occupied by New Jersey, Nevada, Pennsylvania, and Illinois. The August handle was an increase of 9% from July’s $805 million, which currently stands as the low-water mark of the mobile era launched in January.
Operators in August cleared $100 million in overall revenue for the fifth time in eight months. The state’s four retail books helped boost that figure, as the quartet combined for $1.1 million in revenue from $5.2 million wagered for a staggering 22.4% hold.
The nine mobile operators finished August with an 11.5% win rate – more than two full percentage points higher than the short-lived standard of July’s 9.2%. Revenue surged 36.4% higher versus July.