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New York sports betting handle slips to 10-month low in June


Consumers in New York spent $1.17bn betting on sports online in June, the lowest monthly total since August 2022.

June’s handle was 10.5% ahead of $1.05bn in the same month last year but 14.7% behind the $1.36bn spent in May.

It was also the lowest figure since $872.2m was bet last August.

Gross gaming revenue (GGR) from sports betting during the month reached $103.8m. This was up 43.4% from $72.4m last year but 31.7% down from $152.0m in May.

FanDuel leads the way

FanDuel remained the top revenue performer with $47.2m in GGR off $418.2m in wagers.

DraftKings followed in second with $37.1m in revenue but had a higher handle of $488.5m.

Next, Caesars posted $8.6m in revenue and a $124.8m handle, while BetMGM took $7.0m off $75.4m. Rush Street Interactive was the only other operator to report in excess of $1.0m in revenue, posting $2.1m from a $32.0m handle.

PointsBet’s revenue hit $986,717 from $15.7m in total bets, while Wynn Interactive took $476,602 from $7.0m. Resorts World followed with $187,279 in revenue from a $4.0m handle.

BallyBet rounded off the market with $68,438 in revenue and a $898,761 handle.