The New York State Gaming Commission reported weekly mobile sports wagering handle totaling close to $529.5 million for the week ending Nov. 19, the second-highest total in 97 weeks since mobile betting became available at the start of last year.
Though the $572.6 million for the week ending Jan. 23 of last year remains the standard, last week’s total marked the second time in four weeks that Empire State operators accepted more than one-half billion dollars worth of wagers. The convergence of the NFL, NBA, NHL, and both college football and basketball has proven to be a busy time for New York’s betting apps, whose combined handle the past five weeks has exceeded $2.45 billion.
The lofty handle did not lead to a top-ranking revenue, however, as the nine sportsbooks combined to claim $40.7 million in revenue, which includes WynnBET paying out more than $166,000 above its $2.9 million in wagers accepted. The overall hold was 7.7%, which was the highest of any of the three weeks handle has surpassed $500 million.
Operator revenue has topped $40 million in four of the last six weeks of wagering, a run that started with the all-time record haul of $62 million for the week ending Oct. 15. Handle was up 16.6% compared to the previous week, but the hold being two full percentage points lower contributed to revenues declining 7.4%.