The New York State Gaming Commission reported close to $1.97 billion in sports betting handle for April on Friday, narrowly missing the $2 billion benchmark for the fourth time in history.
The April numbers were boosted to a degree from the revenue collection for the final week of March, which occurred on April 1. That is the start of the fiscal year in New York, and those figures moved into the April ledger. As a result, month-over-month handle increased 6.2% from March — a rarity in the industry — and sports betting revenue rose 20.6% to $184 million.
The handle ranks fourth all-time nationally in the post-PASPA era, and again gives New York a monopoly on the top-10 all-time totals. The revenue total also ranks fourth overall, and the Empire State has eight of the top-10 monthly operator winnings as both New Jersey and Ohio have one apiece.
Handle increased 27.1% compared to April 2023, while the 9.3% hold helped revenue surge 32.1% higher. The $7.57 billion worth of accepted bets through the first four months of 2024 is up 14.4% compared to last year, and the near-9% win rate has generated $679.6 million in revenue — an increase of 21.1%.