New York’s streak of $400 million legal sports betting handles ended at four consecutive weeks.
The Empire State’s eight online sportsbooks combined to bring in $393.5 million in wagers in the week ending Oct. 8, according to the New York Gaming Commission.
The Oct. 8 handle dropped 16% from the previous week and was the lowest since operators recorded $312 million in wagers on Sept. 3.
New York sports betting increased steadily during the first month of football and in the first week of October. With MLB’s regular season wrapping up, this marked the steepest week-over-week drop since the NFL and college football got fully underway.
New York online betting sites combined to produce $30.9 million in revenue, up 15% from the previous week, and it was the fourth total of over $30 million in the last 10 weeks.
The 7.9% hold rose over two points from the previous week and marked the fourth consecutive week with a win rate under double digits.
FanDuel takes top billing
FanDuel led all New York online sportsbooks in the week ending Oct. 8 with a handle of $160.6 million, a 9.2% drop from the previous week.
DraftKings felt a much more significant decrease in business as its handle fell from $196.1 to $140.1 million, a 28% fall. They both went over $12 million each in revenue for the week.
Caesars had the third-best handle at $40.9 million, while BetMGM was fourth at $23.6 million.
Resorts World Bet took in just under $2 million in wagers but produced a 16.9% hold, the highest in New York and the only win rate in double digits for the week.
