New York sportsbooks have suffered a historic first, reporting a net loss for the first time in their history, all thanks to the New York Knicks' improbable playoff run. The team's unexpected surge in performance has seen a surge in bets placed on their games, with many fans cashing in on their winning wagers. As a result, the sportsbooks are now facing a significant financial hit, with some reporting losses in the millions. The Knicks' Cinderella story has not only captured the hearts of fans but also had a profound impact on the city's sports betting industry.
Knicks’ run triggers first ever net loss for New York sportsbooks NBC Sports
