If you keep track of the latest gambling industry news, then you will see that come September, sportsbook operators tend to be happier- because they have better bottom lines. In the US, bettinng markets tend to see an upswing in betting handle as the football season begins. Naturally, higher handles mean a higher chance of earning a higher revenue as well. And this seems to be the case for online sports betting in New York.
Back in August the monthly revenue for sportsbooks in the state is $95 million. While this seems like an astronomical numbers for those whoare still learning about getting the best online gambling software, it actually is pretty average for a market like New York. You can clearly see that in September’s numbers.
Online Sports Betting in New York Shows Monthly and Annual Increase
From August’s $95 million, the monthly revenue for sportsbooks in New York is at $165.6 million. That gives us a whopping 68% month-on-month leap in revenue. Keep in mind that back in August, baseball betting was the most popular option, plus maybe a handful of college football games, and some preseason betting for football. But September gives us a full month of betting on not just baseball, but college football and the NFL as well.
Meanwhile, the numbers also give us another huge boost in stats, with a 44% jump in revenue from the same period back in 2022. As for the handle, bookies who use sportsbook pay per head software can look forward to seeing higher handle similar to that of sportsbooks in New York. The total monthly handle of New York sportsbooks is at $1.76 billion. This is the 12th time in 13 months that the state’s sportsbooks have seen betting activity reach a billion each month.
Get the Best Sports Betting Software with SportsBettingSolutionAsia.com Here!