New York Sports Betting and Gambling Records
The New York sports betting market posted another strong performance in August, with total wagering volume surpassing $2 billion for the month. According to figures released by the New York State Gaming Commission, bettors placed $2.04 billion in wagers, marking a 42 percent increase from the same month last year and a 46 percent jump over July. It was the highest monthly handle since May. Sports betting revenue also rose significantly. Gross gaming revenue reached $178.2 million in August, representing a 42.6 percent year-over-year increase. The statewide hold rate stood at 8.72 percent. FanDuel led all operators in revenue, reporting... The post New York Sports Betting and Gambling Records appeared first on This Week in Gambling.
The New York sports betting market posted another strong performance in August, with total wagering volume surpassing $2 billion for the month. According to figures released by the New York State Gaming Commission, bettors placed $2.04 billion in wagers, marking a 42 percent increase from the same month last year and a 46 percent jump over July. It was the highest monthly handle since May. Sports betting revenue also rose significantly. Gross gaming revenue reached $178.2 million in August, representing a 42.6 percent year-over-year increase. The statewide hold rate stood at 8.72 percent. FanDuel led all operators in revenue, reporting...
The post New York Sports Betting and Gambling Records appeared first on This Week in Gambling.
