New York’s February Sports Betting Revenue Falls to Lowest Mark Since August

The first month in the Empire State without the NFL was bound to deflate figures.

Mixed with a Super Bowl week that saw BetMGM turn in a $9.6 million loss on the Big Game, it’s no surprise that the Empire State’s nine sportsbooks combined to record their lowest monthly revenue since Aug. 2023. The $1.8 billion handle was the lowest since Sept. 2023 and down 37.9% month-over-month, but it was up 21.7% year-over-year in a market that had reeled off four consecutive months of handles over $1.9 billion.

DraftKings ranked second in New York with a handle of $607.9 million, marking an 8.6% decrease from January, alongside revenue of $53.4 million. The amount wagered was up 10.2% from the previous week while revenue spiked 7.8% to $40.1 million, the highest in a month. The hold of 8.8% was a small drop from the 9% generated in the previous week.

DraftKings had the second-highest handle at $155.2 million, but its revenue also went from $15.2 million the previous week to $10.2 million in the period ending March 3.

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