New York Sportsbetting Handle Hits $1.5 Billion

The Empire State saw punters wager $1.5 billion on sports in February, a 12% drop from January but the second-highest total that any state has recorded since sportsbetting was widely regulated in the United States.

The numbers were reported by the New York State Gaming Commission, who stated that gamblers within the state bet $56.4 million per day during the month. Gross Gaming revenues were $82.4 million in February, which was down from $124.1 million in January. $42 million was generated in tax revenues.

Caesars led the way with wagers, with $627.4 million in handle and revenues of $19.8 million. FanDuel's sportsbook took in $568.1 million during the month, with $23.2 million in revenue. DraftKings held the third position with $387.6 million in wagers.

For the two months that legalized sportsbetting has been legalized, there have been $3.2 billion in wagers and $206.5 million in gross revenues.