New York online sportsbooks post encouraging August recovery

The nine online sportsbooks in the eastern American state of New York reportedly racked up an increase of 8.9% month-on-month in aggregated handle for August to reach a tally slightly over $872.22 million.

According to a source citing official information supplied by the New York State Gaming Commission (pdf), the August performance halted a four-month slide in combined handle that bottomed out at roughly $800.75 million in July. This latter figure was purportedly more than 42% below the $1.39 billion recorded for April and represented a 59% decline when compared with the $1.98 billion seen for the 30 days from the market’s official launch on January 8.

Proliferating proceeds:

New York is home to in excess of 20 million people and August reportedly moreover represented the second consecutive month in which its aggregated online sportsbetting handle had failed to reach the $1 billion mark. Nevertheless, the state’s club of licensed providers still purportedly managed to bring in almost $99.61 million in gross gaming revenues, which equated to a swell of some 35.8% when compared with the $73.32 million from July.

Duo’s dominance:

The source reported that the FanDuel-branded sportsbetting app from Flutter Entertainment retained top spot last month in terms of New York sports wagering revenues with its tally of $46.57 million coming from slightly more than $374.58 million in handle. This was purportedly closely followed by DraftKings Incorporated’s similarly mobile-friendly service chalking up $244.54 million in combined wagers to produce $25.89 million in gains.

Improving involvement:

New York online sportsbooks post encouraging August recovery

Among the also-rans and the Caesars Sportsbook-branded app from American casino giant Caesars Entertainment Incorporated came top with its $117.61 million in total handle having led to revenues of $12.72 million. This was purportedly far better than the $72.96 million in bets and $8.79 million in receipts simultaneously recorded by the service from MGM Resorts International and Entain.

Close comparison:

The online sportsbetting service from the PointsBet USA subordinate of global bookmaker PointsBet Australia Proprietary Limited reportedly saw August handle from online punters in ‘The Empire State’ hit nearly $23.81 million to produce revenues of $2.48 million while Rush Street Interactive’s site came sixth with figures of $26.51 million and $2.18 million respectively.

Gridiron draw:

With the latest edition of the National Football League (NFL) now underway, the Wynn Interactive enterprise of Wynn Resorts Limited will reportedly be hoping that the September figures for its New York-facing domain top August’s $6.74 million in handle for revenues of slightly beyond $492,000. This desire will reportedly no doubt additionally occupy the site from Genting Malaysia Berhad, which racked up $352,700 in income last month from $4.45 million in bets, as well as the service from Bally’s Corporation after it finished its first full post-launch month with earnings of roughly $97,500 from a little over $1.01 million in bets.