Here are three takeaways from July’s monthly New York sports betting figures, which were released late Thursday by the New York State Gaming Commission (NYSGC):
Billion-Dollar Streak Halted
New York's six-month string of handling $1 billion dollars or more per month in sports bets has officially been halted.
Official mobile sports wagering figures for July reported a total handle of more than $800.75 million, a major decrease of more than $250 million from June’s $1.05 billion.
On the bright side, total Gross Gaming Revenue (GGR) posted more than $73.32 million, a slight bump up of $900,365 from June’s $72.42M.
BallyBet Sportsbook NY, which started taking wagers July 7 and became the last of the nine legalized operators to launch in the state. The operator took in $640,397 in handle for the month.
Here are the monthly handle figures reported by New York sports betting apps to the NYSGC. July’s number does not yet include retail figures.
Handle Decreases Across the Board
All eight mobile providers in the Empire State had decreases in total handle.
Four sportsbooks – Caesars Sportsbook NY, PointsBet Sportsbook NY, WynnBet Sportsbook NY and Resorts World Sportsbook NY - all had Gross Gaming Revenue (GGR) increases for July.
FanDuel Sportsbook NY posted $347.7 million (lowest to date) in total handle, a huge $121.5M drop from June and its fourth consecutive decrease since March’s $673.05M.
NewYorkBets.com has updates and the best New York sports betting promo codes.
All-Star Break Big Factor in Decline
Major League Baseball’s All-Star Break from July 19-21 in Los Angeles provided three days without a full schedule of action at retail and mobile sportsbook across the country.
Sure, the All-Star Game itself on Tuesday (won by the American League, 3-2), and the Home Run Derby on Monday, did provide some action, but with limited opportunities to wager.
However, two bright spots for the future did occur for the Empire State, showing that a rebound to better days is in the works.
New York’s official weekly numbers (ending July 31) were also released Thursday by the NYSGC with total mobile sports wagering handle generating more than $177.77 million, a significant increase of more than $28M from the week before. The total mobile weekly GGR also did well, posting more than $22.04M, up $9.73M from the last report.
Thursday also marked the start of the NFL preseason, with a full schedule of games slated for next weekend, which means we are another step closer to having the start of games that matter.
College football also will be starting in three weeks, helping providers raise their numbers considerably.