A recent weekly report has confirmed that operators' total gaming revenue has fallen again, so the summer continues to be a downturn for mobile sports books in New York. In the last week of July 2023, as of now, eight active operators in the state acquired a betting size of $246.5 million. However, the increase in trading volume also led to a drop in total revenue for the week.
Empire State has been providing residents with legitimate mobile sports betting since January 2022, which is available through a total of nine licensed gambling operators. FanDual, DraftKings, Caesars Sports Book, Bet MGM, Point Bet, Win Bet, Bet Rivers, Resort World Bet, and Balibet. However, the last one is currently disabled for over a month.
NYSGC reported an increase in betting activity by eight operators in the seven days ended July 30, 2023, but sportsbook yields were still not high, with their bets reaching $246.5 million, up 13% from the previous week ($217.8 million) and 38% from the same week last year, according to regulators.
However, the wage increase did not have a significant impact on total game revenue for the week, as $24.2 million in revenue was down 4% from the previous week. In July, eight sports books earned more than $200 million and $20 million in all but one week. In addition, sportsbook holdings fell to 9.8% in the week.
The week of July 30, 2023, was a rather difficult time for Panduel, who earned $95.2 million (up 2.8% from the previous week) in overall bets, but total game revenue was a problem when the gambling leader disclosed $4.9 million in revenue. It was the lowest in more than a year and the deepest time since April with a 5.14% holding rate.
DraftKings ranked third on the $94.5 million handle with a return of $13.3 million, with a return of 14.1% and a share of $26.5 million. BetMGM had an 11.5% share, ranking fourth with revenue of $16.1 million.
the situation surrounding Bali Bet
Five times in a row, there were only eight active operators. This is because the operator announced in June that it would suspend operations in New York. SAYS IT WILL TAKE WEEKS TO INTEGRATE KAMBI GROUP'S TECHNOLOGY AND RESUME ITS BUSINESS IN THE STATE DURING DOWN-TIME. 슬롯게임
It seems natural for Bally Bet to take a break from Empire State because he hasn't had the best results since his late entry into the mobile sports betting market. For example, in the week of November 13, 2022, Bally Bet was the only one to post a week's loss. On the other hand, nine operators posted a total game revenue of $31.3 million.