Sports Betting in New York Sees Hold Plummet in Latest Weekly Figures

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Sports Betting in New York Sees Hold Plummet in Latest Weekly Figures
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New York’s eight legal sports betting operators didn’t come close to replicating the previous week’s massive revenue total during the period ending September 17.

Read Time: 4 minoperators didn’t come close to replicating the previous week’s massive revenue total during the period ending September 17.

Football season caught up with the sportsbooks as the bettors fought back to lower the operators’ hold from 13.6% to 7.1% in theAfter posting the Empire State’s second-highest-ever weekly revenue of $56.6 million to kick off the first full NFL and college football combined weekend, revenue for the week ending Sept. 17 slipped 49.8% to $28.4 million.

This came on a handle of $400.5 million, down 3.7% week-over-week, and the win rate plummeted during the same week that the New York Giants and New York Jets failed to cover the spread. The Buffalo Bills, however, won by four touchdowns as a 7.5-point favorite. It marked back-to-back weeks of a $400 million handle, which hadn't happened since all the way back in March.Double-digit holds hard to come by

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