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NY Sports Betting Big Year

April 10, 2023 1

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NY Sports Betting Big Year

New York’s online sports betting market is performing well and has exceeded expectations for the year 2023. The handle for the first three months of the year is over $5 billion, which is $206.3 million ahead of last year’s pace. The state has also generated over $50 million more in tax revenue than in the same period last year. FanDuel Sportsbook NY has broken industry records for the highest betting total in a single month, while DraftKings Sportsbook NY posted the second-highest total. It is expected that NY sports betting will soon surpass $2 billion in lifetime gross gaming revenue and $1 billion in state tax revenue. The NCAA Tournament hosted in New York has likely contributed to these record-breaking numbers, but it remains to be seen how sports betting in April will fare with the NBA and NHL playoffs and MLB season underway.

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