New York sportsbooks had a record-breaking month in September, with total wagers reaching a staggering $1.85 billion. This figure represents the fifth-highest handle in the state’s history, according to data released by PlayUSA, a leading source for news, analysis, and research related to online gambling in the United States.
The surge in betting activity can be attributed to the start of the NFL season, as well as a number of other major sporting events taking place during the month. Football fans flocked to sportsbooks across the state to place their bets on their favorite teams, contributing to the massive overall handle.
According to PlayUSA, New York’s online sportsbooks generated a significant portion of the total handle, with an estimated $1.55 billion in online bets placed during the month. This marks a substantial increase from the previous month and signals a growing trend towards digital betting in the state.
In addition to the record-breaking handle, New York sportsbooks also reported a total revenue of $121.6 million for the month, a significant increase from the previous month. This demonstrates the profitability of the sports betting market in the state and highlights the potential for further growth in the future.
While the success of New York sportsbooks in September is certainly cause for celebration, industry experts are already looking ahead to the future. With the legalization of online sports betting in neighboring states like New Jersey and Pennsylvania, there is potential for even greater competition in the market.
Despite this potential challenge, New York sportsbooks remain optimistic about their future prospects. The state has a large and diverse population of sports fans, providing ample opportunities for continued growth in the industry.
Overall, the record-breaking handle and revenue generated by New York sportsbooks in September is a clear indication of the growing popularity of sports betting in the state. With the NFL season in full swing and other major sporting events on the horizon, the outlook for the industry looks bright.
