The New York State Gaming Commission reported $41.9 million in adjusted gross weekly sports betting revenue from its nine mobile operators for the week ending March 31 as the group improved their collective hold by more than three percentage points to 9.2%.
Revenue was up 34.4% from the previous week, when the betting public limited them to a 5.8% win rate against the second-highest weekly handle in state history since sports betting apps became available. Handle dipped 15.4% from that $539.6 million wagered, but the $456.4 million worth of bets accepted marked the 25th time in the last 27 weeks handle topped $400 million.
All nine operators finished with a positive AGR for the week, which means the estimated tax revenue for the state of New York would be $21.3 million. With the week’s last report coinciding with the end of the month, there is a chance the Empire State bettered its own national record for monthly handle as the five weekly reports for March showed a combined $2.33 billion worth of action that included the final four days of February.
New York remains the only state to eclipse $2 billion in monthly handle, setting the U.S. record in November at $2.12 billion. That came during a three-month stretch when wagering topped $2 billion from October through December.