New York Sportsbetting Handle Drops in February

The New York State Gaming Commission reported that the Empire State's online sportsbetting handle dropped 3.9% in February, coming in at "only" $1.47 billion for the period.

The number is down from last year, and is also down 17.9% from January's total of $1.79 billion in handle. The state's gross gaming revenues came in at $108 million, up 31.4% from last year but down from the $149.4 million in revenues that were reported in January.

In terms of operators, FanDuel served as the largest book for the month, with $53.5 mill ion in revenue on $591 million in handle. DraftKings was second with $33.5 million in revenue on $491.3 million in handle. Caesars rounded out the top three with $8.5 million in revenue on $192.8 million in handle.

Other operators within the state included BetMGM with $7.5 million in revenue on $107.7 million in handle, Rush Street Interactive with $2.4 million on $37.6 million in handle, PointsBet with $1.9 million on $29.7 million in handle, Resorts World with $484,445 on $5.4 million in handle, Wynn Interactive with $470,549 on $10.3 million in handle, and BallyBet, which had $18,451 on $1.2 million in handle.

New York has quickly become the largest online gambling market in the United States since it launched online betting, as it regularly posts handle over $1 billion on a monthly basis.