Following a drop in February, New York’s mobile sports betting market bounced back in March with a handle of $1.64bn.
Data from the New York State Gaming Commission revealed that online wagering in March came close to matching the state’s monthly best of $1.67bn, achieved earlier this year in January – the state’s first month of mobile sports betting. February saw a handle of $1.53bn.
From March’s $1.64bn handle, the Empire State’s mobile sportsbooks took a gross gaming revenue of $114.3m, an improvement on the previous month’s $82.4m and just under $10m shy of January’s $124.1m.
With a 51% tax rate, the month’s mobile sports wagering yielded $58.3m in state taxes, ahead of the previous month’s $42.0m, but behind the $63.3m collected in January.
Since launching at the start of this year, New York mobile sports betting has seen $4.8bn in wagers, producing $320.8m in revenue and yielding $163.6m for the state’s coffers.
Per online operator, FanDuel led the way with $673.0m in March handle and $58.3m in revenue, followed by DraftKings with $414.5m in wagers and $22.9m in revenue, and Caesars taking $273.4m in handle and $21.6m in revenue.
BetMGM reported $172.7m in wagers during the month with $5.1m in revenue, PointsBet recorded a handle of $48.4m with $3.0m in revenue, while Rush Street Interactive ended the month with a handle of $41.6m with $1.7m in revenue.