It’s the 1st time since wagering went live that mobile sportsbooks combined to produce more than $50 million in revenue for three consecutive weeks.
It’s the first time since wagering went live that mobile sportsbooks combined to produce more than $50 million in revenue for three consecutive weeks.The Empire State’s nine sports betting operators are finding their groove in November following a rough run in mid-October. a handle of $527.2 million in the week ending Nov. 10, down 5.6% from the previous period but the fourth consecutive week with wagers above $500 million for the first time ever.
DraftKings was unable to produce a double-digit win rate off of a $167.1 million handle, down from the $183.3 million generated the previous week. Revenue of $15.4 million was down slightly from the $16.9 million in the previous week, but it marked the third consecutive period of at least $15 million in profits. Not only did BetMGM finish in the black for the third consecutive week after losing in the week ending Oct. 20, the online operator hauled in $4.
BetMGM also generated a $43.5 million handle, third-best in New York for the week and just a little over $100,000 more than the previous period. Fanatics wasn’t far behind with a handle of $39.8 million, while Caesars also had a strong week with $4.1 million in revenue from a $37.7 million handle. ESPN BET’s $9.6 million handle was seventh among operators behind BetRivers’ $10.9 million, but the PENN Entertainment platform produced $1.4 million in revenue, the most since launching in New York in late September. If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
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