William Hill is the latest bookmaker to announce a drop in revenues for the third quarter.
William Hill has revealed that its net revenues suffered a three per cent slide in the third quarter of 2009.Shortly after Ladbrokes announced that an unusually low number of draws in top-flight football matches had damaged its earnings, the bookmaker also blamed "unfavourable sporting results" for a slight dip in revenues.
There were just four drawn matches in the Premier League during August and September, forcing sports betting operators to pay out more money because the majority of punters bet on wins.
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Previous seasons have seen about 25 per cent of Premier League fixtures finish with the scores level.
"In what has, to date, been an extraordinary year for sporting results, football and horse racing affected us again in August and into September, but margins have returned to more normal historic levels since then," commented William Hill chief executive Ralph Topping.
Despite the third-quarter decline, the bookmaker's net revenues have risen by three per cent over the year so far.
Ladbrokes reported a 15 per cent fall in third-quarter revenues earlier this month, citing "an exceptionally low football margin".
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