New York Betting Numbers Go Down

In the latest gambling news, we are taking a closer look at the New York betting numbers as they decrease, as mentioned in their latest report that ends March 26. According to the report, the total monthly online sports betting handle is at $362.7 million. This is much lower than the $460 million handle in the week before.

Many who manage a sportsbook pay per head operation look to New York’s betting market. It is, after all, the largest betting market in the country. They are also one of the most lucrative across the country. But since online wagering only started in 2022 in the state, its hard to compare previous months and to try to get year-on-year trends.

New York Betting Numbers

And this is where the PPH bookie will be happy. We have a decrease in handle here, so many would assume that its not good. But you also need to take a look at the revenue that sportsbooks generate. For New York sportsbooks, gross revenue is at 443.8 million for the week covered. This is higher than the $39.2 million. The hold percentage is at 12.1%, also higher than the previous week’s 8.5%.

Another thing to consider when looking at the betting report, is to cross check it with the sports calendar. Remember that we no longer have the NFL in sportsbooks, except for futures wagers and other exotic wagers. Meanwhile, college basketball games are also getting slower, with fewer games held as we move closer to the Championship. Bookies may see more wagers placed per game, which is common for postseason betting. But having fewer games happening will definitely be enough for the effect of it to be reflected in the report. But all in all, since our year-to-year numbers are better, then all is well with New York sprots betting.

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