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Online betting in New York sinks below $1 billion figure for first time since launch

July 2022 was the worst month for New York’s online sports betting handle since the state opened for business, dipping below $1 billion for the first time.

The New York State Gaming Commission (NYSGC) reported New York’s nine sportsbooks generated around $800 million, a record low for bets taken as well as the overall handle.

It’s to be expected that figures should slump during the summer months, with the NFL season set to start in September before both the NBA and NHL campaigns kick off the following month.

American mainstream sports are in a lull, with MLB and MLS being among the rare glimmers of action at present, while the European soccer season is only now getting up and running.

But despite the dip, New York’s was still the biggest online sports betting handle produced by any state in the month of July. FanDuel contributed almost half the total handle ($347.7m), while DraftKings kept its place as runner-up with almost half that sum ($213.5m).