New York Reports 8.2 Million Monthly Sports Betting Revenue

The New York State Gaming Commission reported Tuesday that sportsbooks claimed $108.2 million in sports wagering revenue for February, with a strong performance by the betting public creating a notable month-over-month decline in operator winnings.

It was the sixth consecutive month revenue reached nine figures in New York, but it marked the lowest amount since Empire State operators claimed $99.2 million last August. The public fared well in Super Bowl LVII wagering, limiting the house to $1.4 million kept from $100.5 million worth of bets placed on the NFL’s marquee event.

The house claimed at least $140 million in total revenue in each of the previous five months, with January’s $149.4 million the high point. February’s figure was 27.6% lower compared to January but 32% better than February 2022, when operators claimed $82.4 million.

Handle was also down notably, sliding 18.1% from January’s record of $1.8 billion to $1.47 billion, with a hold of nearly 7.4%. Despite the decline, it is still the eighth-highest monthly handle nationally in the post-PASPA era and put New York within $76 million of becoming the third state to clear $20 billion.

  
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