New York online sports betting handle reaches $1.5bn in March

Players in New York wagered $1.52bn online in March, slightly lower than the $1.54bn wagered in February.

US.- Players in New York wagered $1.52bn online in March. That’s a slight drop from the $1.54bn handle in February and down 6.8 per cent from the national record of nearly $1.7bn that New York set in January. 

The numbers from the New York State Gaming Commission show gross gaming revenue of $91.7m, an improvement from $82.4m in February but lower than the $113m reached in January. New York’s sports betting sector was further strengthened in March by the entry of Resorts WorldBET, which took $4.5m in bets during its first month, posting $453,470 in revenue.

The operator ranking was led by Flutter Entertainment-owned FanDuel Group, with a $619.7m handle and $59.8m in revenue, followed by DraftKings with $388.9m in total bets and $20.2m in revenue. Caesars Entertainment followed with a $256.4m handle and $19.7m in revenue. These three giants took over 80 per cent of state’s takings.

BetMGM took $158.7m in wagers and posted $4.4m in revenue, while PointsBet reported a handle of $46.1m and $2.7m worth of revenue. Rush Street Interactive took $38.5m in online wagers, resulting in $1.6m in revenue, while WynnBet followed with an $8.9m handle and $1.1m in revenue.

Since the market launched on January 8, players have spent a total of $4.68bn wagering on sports online, with gross gaming revenue from this reaching $314.6m.

See also: New York sports betting handle reaches nearly $1.5bn in February