New York Sportsbetting Handle Hits $1.5 Billion

This story was published more than 1 year ago.

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.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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25 March 2022 - 11:47am

Those numbers are staggering even though "on paper" that is a drop in revenues from the previous month... but the second-highest total in US betting history... says it all really.