New York Sportsbetting Handle Hits $1.5 Billion

Sportsbetting continues to be big business in the state of New York as gamblers bet $1.52 billion on the activity in March. These numbers, while impressive, were still down 6.8% from the $1.7 billion wagered in January, when sportsbetting launched in the state.

The numbers were released by the New York State Gaming Commission, and it showed that handle was down slightly from the $1.54 billion wagered in February. Still, revenues were up from $82.4 million to $91.7 million.

The leading operator in the state was FanDuel, which handled $619.7 million in wagers and generated $59.8 million in revenue. DraftKings was next with $388.9 million in wagers and $20.2 million in revenues. Caesars was third with $256.4 million in bets, and $19.7 million in revenues. These three groups had more than 80% of the revenues for the entire Empire State. Resorts WorldBET, a new operator also launched during the month, posting $453,470 in revenues on $4.5 million in wagers.

For the year to date, there've been $4.68 billion wagered on sports in New York, with revenues generated being $314.6 million.