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Online Sports Betting in New York Ahead of Last Year, March Madness Expected to Boost Industry

March 15, 2023

The online sports betting industry in New York is ahead of where it was last year, with operators combining for $1.47 billion in accepted bets in February and nearly $3.3 billion over the first two months of 2023. The upcoming NCAA Tournament, March Madness, is expected to provide another boost to the industry and could generate up to $15.5 billion in handle, according to a survey by the American Gaming Association. In March 2022, NY sportsbooks took in $1.64 billion, which is the third-highest month in the industry’s short history. FanDuel Sportsbook NY led the way in February 2023 with $591 million in handle and over $53 million in gross gaming revenue. give a title