Over the past year, perhaps no one has been able to top the New York sports betting spike that’s been recorded. Each month, New York has been on the rise with its wagers, as people haven’t been wasting any time in getting their money in on their favorite squads. However, with how high things have been in the past, a drop was expected to come sooner than later. Well, that’s what has happened, as the New York sports betting numbers are dropping a bit this summer.
According to a report, the overall sports handle was $1.16 billion for June. Then in July, $962.1 million was recorded for the state. While these numbers would be a dream for other states, this indeed was a drop. From June to July, things were reduced by 17 percent. That’s not what lawmakers and officials were hoping to see, but the fact of the matter is that things were expected to plateau at some point.
The good news for New York is that the spring and summer can typically be a bit dry for the sports betting industry. This is because there’s no football going on for bettors to take advantage of other than the NFL Draft which comes and goes in late April. With New York, there’s going to be a lot of baseball betting, but things have been far from perfect for both the Mets and Yankees.
Because of this, the betting numbers haven’t been the same. Both the Yankees and Mets entered the new season with hopes of making it deep in the playoffs, but as of this writing, the two powerhouses are on the outside looking in. Unless both the Yankees and Mets go on a strong run to end the regular season, they’ll be watching the playoffs from home. Only time will tell if they deliver or not.
NFL betting will help New York get back on track
Luckily for the state, NFL betting will help New York get back on track. We are less than three weeks from the start of the regular season and people in New York are of course going to have a lot of attention on the Jets, Giants and Bills. With the Jets, Aaron Rodgers is set to make his preseason debut on Saturday in a contest against the G-Men. There are bragging rights on the line and people can’t wait to see Rodgers suit up.
“There’s always that risk-reward,” Rodgers said on making his debut for the Jets this weekend against the Giants at MetLife Stadium. “I think over the years it just hasn’t made sense based on a number of different factors. I used to enjoy playing in the preseason back in my younger years, just to kind of maybe take that first hit or feel the nerves on the first drive. So, I look forward to being out there.”
Aaron Rodgers on playing in Saturday's preseason game:
"I look forward to being out there" pic.twitter.com/hnHpZ2fjzs
— Jets Videos (@snyjets) August 22, 2023
As for the Giants, there are high expectations for this team now that Daniel Jones has signed his $160 million extension with the team. Not only that, but Saquon Barkley signed a revised franchise tag, and the team traded for Darren Waller. While no one thinks that Big Blue will be able to take down the Eagles for the NFC East title, the Giants should be in a good spot to get back to the playoffs.
Add in the fact that the Bills hold strong Super Bowl betting odds and it’s easy to see why the numbers should be electric for New York in the coming months. NFL betting will be high in the state moving forward from start to finish this campaign. As soon as the Jets, Giants and Bills take the field, you can expect a lot of wagers to be placed. This is going to be a fun season for the New York teams all around.
Online betting continues to make a splash in New York
While the overall handle has dropped, don’t forget that online betting continues to make a splash in New York. In July, the online numbers were strong and this is expected to be the case in August too. The NFL preseason is surely going to bring in plenty of action too, which will set the tone for the regular season as well.
Not only that, but online betting can also expect to be strong for the MLB playoffs. Even if the Yankees and Mets don’t make it in, baseball fans won’t hesitate in getting their wagers in for the other teams. In the American League, the Astros, Rays and Rangers are top squads, while the Mariners are getting hot at the right time.
Meanwhile in the National League, the Braves and Dodgers are two of the best teams in the bigs. The Braves hold the No. 1 World Series betting odds, as a lot of people think they’ll be able to win the Fall Classic again. Once September rolls around, we should be seeing a lot of World Series futures odds roll in all over New York, you can count on that.
Congrats, Eddie! 🤩 pic.twitter.com/UR3EOIsQNZ
— Atlanta Braves (@Braves) August 21, 2023