The New York State Gaming Commission reported overall sports betting revenue totaling nearly $73.9 million for July, a small month-over-month increase despite a sharp decline in handle.
Operators posted a 2% improvement from June’s $72.4 million, with mobile operators getting some help from the Empire State’s four retail books. The quartet, which had all but $20,536 of its June revenue wiped out with del Lago Resort’s $181,929 loss, posted a combined win rate of 13.3% on more than $4.2 million wagered, resulting in nearly $560,000 in revenue.
The 23.8% drop in total handle to just shy of $805 million — the lowest of any month since New York launched mobile wagering in January — comes with the lack of inventory in the sports schedule, with Major League Baseball the primary action for bettors. Operators should get back to or slightly exceed $1 billion in August with the return of NFL action and international soccer as wagering options.