Accounting Rules Prevent New York From Setting National Monthly Handle Record

Call it the sports betting handle record that never was.

Due to accounting rules marking the end of the fiscal calendar year, the Empire State missed out on setting a national monthly handle record for March according to figures released Monday by the New York State Gaming Commission.

Technically, the NYSGC reported $1.85 million handle for March, which is the fifth-highest total in 27 months since sports betting apps became available in New York. Those figures, however, do not include the final week of wagering that covered March 25-31, when the state’s nine mobile sportsbooks accepted $456.4 million worth of wagers.

Because the revenue from that week of betting was accepted by the state in April, the handle and revenue figures for that week are technically part of Fiscal Year 2024-25 and will be included in April’s figures. Had they been included for March, the $2.31 billion handle would have smashed New York’s previous record of $2.12 billion set last November and marked the fourth time it topped $2 billion.

  
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