The New York sports betting public had their turkey and ate it too for Thanksgiving, sending the state’s nine mobile betting apps to one of their lowest weekly all-time holds while pushing handle over $500 million in back-to-back weeks for the first time.
According to the New York State Gaming Commission, the $516.6 million worth of accepted wagers for the week ending Nov. 26 ranks fourth all-time in 98 weeks of mobile wagering, while also being down 2.4% from the $529.5 million handle from the week ending Nov. 19. But as in the previous three instances with more than a half-billion dollar handle, New York’s mobile sportsbooks could not make hay, limited to a hold under 4.2% that resulted in $21.5 million worth of revenue.
| Week Ending | Mobile Handle | Hold | Hold Rank out of 98 Weeks | Revenue | Revenue Rank out of 98 weeks |
|---|---|---|---|---|---|
| January 23, 2022 | $572,552,146 | 7.55% | 67th | $43,202,492 | 10th |
| October 29, 2023 | $527,389,605 | 5.46% | 83rd | $28,784,912 | 43rd |
| November 19, 2023 | $529,467,646 | 7.68% | 66th | $40,669,246 | 14th |
| November 26, 2023 | $516,595,390 | 4.16% | 91st | $21,502,690 | 72nd |
That hold ranks 91st of the 98 weeks of mobile betting and the lowest since a 2.7% hold for the week ending Sept. 3. It was the lowest of the four holds when handle cleared $500 million and the 13th overall to be below 5%.
WynnBET achieves record losing streak
WynnBET became the first mobile sports betting app in New York to have three consecutive losing weeks, as bettors came out $74,932 ahead on $3.1 million wagered last week. It was the third-largest weekly handle in New York for WynnBET, which shut down operations everywhere but Massachusetts, Michigan, Nevada, and New York in August.
| Week Ending | Handle | Hold | Revenue |
|---|---|---|---|
| June 19, 2022 | $1,571,145 | -1.39% | -$21,807 |
| September 25, 2022 | $2,311,111 | -1.54% | -$35,584 |
| November 20, 2022 | $3,343,646 | -1.94% | -$65,021 |
| November 27, 2022 | $3,422,825 | -0.83% | -$28.375 |
| January 1, 2023 | $2,187,065 | -3.32% | -$72,623 |
| April 9, 2023 | $1,920,223 | -1.40% | -$26,862 |
| June 4, 2023 | $1,569,289 | -4.13% | -$64,794 |
| September 3, 2023 | $2,123,677 | -1.73% | -$36,727 |
| September 10, 2023 | $2,510,881 | -8.80% | -$221,081 |
| October 22, 2023 | $3,042,626 | -3.78% | -$115,097 |
| November 12, 2023 | $2,231,619 | -3.96% | -$88,397 |
| November 19, 2023 | $2,859,921 | -5.81% | -$166,031 |
| November 26, 2023 | $3,105,134 | -2.41% | -$74,932 |