The New York State Gaming Commission has reported that online sportsbooks set yet another monthly revenue record during March as New Yorkers wagered over $1.76 billion on sports throughout the month.
According to the report, the latest figures represent a 9% increase compared to the same period in 2022. Despite the overall betting handle being around $3 million less than the monthly wagering record, mobile sports betting operators reported record combined revenues of $162.8 million. March also saw the state set a new tax record of $83 million.
FanDuel was once again the market leader accepting $740.1 million in wagers and reporting $79.6 million in revenues. This represented almost 49% of all revenues generated by mobile sports betting in New York. DraftKings was the next most popular sportsbook accepting $589.7 million in wagers and generating $52 million in revenue. Meanwhile Caesars accepted $234.7 million in wagers and reported $15.1 million in revenue.
The latest figures mean that during the first quarter of 2023, New York sportsbooks took in over $5 billion in wagers. From this total over $420 million in revenue was generated resulting in $214.5 million in taxes for the state.
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.