Add New York Sportsbooks Generate $1.4 billion Handle in August

New-York-Sportsbooks-Generate-%241.4-billion-Handle-in-August.md

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+<br>The [euphoria](http://www.ergotherapie-am-kirchsee.de/?attachment_id=15) of July’s high holds for New York sports betting operators wore off in August.<br>
+<br>Despite an 11% month-over-month increase in the amount wagered, the [win rate](https://www.customizedgolfballmarkers.com/blog/journal-blog) fell below [double digits](https://gitlab.innive.com/katrinaclore0) for the second time in the last three months in the Empire State.<br>
+<br>The New York Gaming [Commission](https://vcs.connecton.co.jp/quinnmcclellan) reported the eight online sportsbooks [generated](http://yildizlarmobilyasarayi.com.tr/blog/another-blog-post) a $1.4 billion handle in August, up 27.3% year-over-year. July ended a run of 10 consecutive months of handles of more than $1.4 billion, so August righted the ship<br>
+<br>Sports betting produced $125 million in [revenue](https://git.zzzatx.top/cliftonsettle5) in the final month of summer, in part due to a [sluggish period](https://albaniaproperty.al/author/elliot03a8146/) in late August. An improved run by bettors led to an 11% revenue drop from July as the state still filled its coffers with $63.8 million from the 51% tax rate.<br>
+<br>Yearly improvements<br>
+<br>The end of the Olympics, a [heating-up MLB](https://www.oddmate.com/@orvilleludwig) race, the NFL preseason, and a solid start to college football led to a 27% year-over-year increase in handle. New York operators [generated](https://algeriaaqar.com/author/kristeenlunsfo/) the fifth-lowest amount wagered in August 2023.<br>
+<br>That month’s $98 million revenue marked the lowest in all of 2023, but the same month in 2024 represented a 27% year-over-year rise in gross revenue and tax haul for the Empire State.<br>
+<br>DraftKings bests FanDuel<br>
+<br>[DraftKings pulled](https://www.bardjo.ru/top/index.php?a=stats&u=wendikincaid) ahead of FanDuel in the race for the top handle for the first time since May by producing $526.6 million in wagers during August. FanDuel, which [generated](https://ortopediajensmuller.com/presentacion-oficial-scooter-atto-29012016/) $511.6 million in August, used a 10.2% hold to lead New York sports betting operators in revenue with $52.6 million.<br>
+<br>BetMGM produced the third-best handle in the Empire State at $127.9 million, ahead of Caesars’ $119.1 million handle. However, BetMGM’s 5.5% hold led to $7 million in revenue while Caesars easily outpaced that mark with $9.4 million in profits.<br>
+<br>Fanatics Sportsbook enjoyed its best month since taking over the PointsBet platform in February. The online operator’s $93.1 million handle and $8.5 million in  were better than any month produced by PointsBet, which sold its U.S.<br>