BetMGM records $9.6m weekly loss in New York during Super Bowl week
BetMGM recorded a loss of more than $9.6m in New York for the week ending Sunday, according to figures released by the New York State Gaming Commission. The operator accepted $10.9m in Super Bowl bets and paid out $4.8m more than that handle; its total weekly loss was nearly three times the previous state record.
The result shows how a single week’s payouts can materially affect operator revenue in New York.