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New York online sports wagers reach $1.63bn in March

| By Robert Fletcher
Players in New York spent a total of $1.63bn on internet sports betting in March, while gross gaming revenue from wagering for the month reached $109.9m.
New York October

Handle for the four weeks through to 27 March was marginally higher than the $1.54bn bet by consumers in February and was just below the $1.67bn in the opening month of legal online betting in the first 23 days of legal betting in January.

Gross gaming revenue from sports betting during March was 19.9% higher than $91.7m in February, but 2.7% lower than $113.0m in January.

March’s figures included eight operators following the addition of Genting Group-owned Resorts World and its Resorts WorldBET app in the state at the start of the month.

Flutter Entertainment-owned FanDuel Group comfortably retained top spot in the market with a $619.7m handle and $59.8m in revenue from online sports betting.

DraftKings ranked second with $388.9m in total bets and $20.2m in revenue, then Caesars Entertainment with a $256.4m handle and $19.7m in revenue.

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 for the four-week period.

Rush Street Interactive processed $38.5m in online wagers, resulting in $1.6m in revenue, while WynnBet followed with an $8.9m handle and $1.1m in revenue.

Newcomer Resorts World took $4.5m in bets during its first month in New York, posting $453,470 in revenue in the process.

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

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