The record for mobile sports betting in New York in November has been revealed. The state’s nine online betting apps had some of the lowest weekly holds ever.
At the same time, surpassing US$500 million in consecutive weeks for the first time.
According to the New York State Gaming Commission (NYCRR), there was a value of US$516.6 million in bets accepted for the week ending November 26th.
This ranks fourth all-time in 98 weeks of mobile betting, while down 2.4% from $529.5 million for the week ending November 19.
Mobile sports betting in New York reaches peak
As in the previous three cases, mobile sports betting in New York was limited to less than 4.2% participation, which resulted in revenues worth $21.5 million.
This hold ranks 91st out of 98 mobile betting weeks and the lowest since a 2.7% hold in the week ending September 3rd.
It was the lowest of the four holds when the handle released $500 million and 13th overall, down 5%.
WynnBET hits record losing streak
WynnBET became the first legal betting site in New York to have three consecutive weeks of underwhelming results.
With bettors winning $74,932 on $3.1 million wagered last week, they did it. That’s because it shut down operations everywhere except Massachusetts, Michigan, Nevada and New York in August.
WynnBET paid out $330,000 on top of the $8.2 million it generated in that three-week period and posted losses on four of its top five weekly totals.
The bookmaker is also at risk of becoming the second mobile operator in New York to have a losing month, after Bally Bet ended $31,467 in the red in October 2022.
Additionally, Resorts World absorbed a $73,703 loss on more than $1.7 million in bets.
As such, it was Resorts World’s first weekly loss since October 1, its fourth largest and its 12th overall.
