New York Sportsbooks Weekly Handle Dips Mid-November

The New York sportsbooks report come out on a weekly basis, which gives us a unique insight to sports betting. Other states throughout the country tend to publish reports on a monthly basis. Either way, it gives a lot of insight to pay per head bookies in terms of the behavior of the local betting markets. For New York, sportsbooks saw less action in the week that ended on November 13.

According to the report released by the New York State Gaming Commission, online sports betting for the week is at $339.9 million. This is 3.8% lower than the previous week’s $353 million. Meanwhile, revenue is also down on a weekly basis by 20%, with the revenue for the week at $31.3 million. The hold could be to blame as we are seeing the second-lowest the state has seen since football season started. Hold is at 9.2% for the week.

New York Sportsbooks

As mentioned earlier, a weekly report gives us insight on the more direct movement of betting with players. We can easily determine the cause of the rise and fall. Most often, it’s the calendar of sports for each week. Some weeks will have more high-profile events, which could lead to more wagers. Or, it could be a quiet week, which could cause a lower handle. Betting software companies have the ability to help you generate reports on a daily, weekly, and even monthly basis.

When you look at monthly reports, you will see more of the big picture- a more stable market trend and the like. For New York, the monthly handle seems consistent. You have a dip in handle in the summer months. But September’s handle is at $1.256 billion, while October’s handle is much higher at $1.543 billion. So start checking those sportsbook software reviews and get into the sports betting industry as soon as you can.

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