As the excitement begins for one of the biggest events of the year, New York sports betting was getting off to a strong start in March.
With the release of official figures by the New York State Gaming Commission (NYSGC) on Friday for seven live New York sports betting providers, here are three takeaways from the report, for the week ending March 6:
Handle, GGR down in Feb., but March numbers start well
Mobile sports wagering handle had an increase to $359.49 million for the week ending March 6, up from $350.3 million the week before. The number marked the eighth consecutive week that the state’s total handle has exceeded the $350 million mark.
Overall, mobile Gross Gaming Revenue (GGR) had a solid jump to just under $33 million, a $7.6 million increase from $25.34 million, marking the third week in a row and fourth in the last five in which the total GGR was more than $25 million.
For the second full month of operation in the state, February mobile figures officially posted at $1,527,568,253 in total handle with a GGR of $82,392,104.
Retail was another story. The retail numbers for the month of February handle was $6.5 million, which is way down (60.6%) from January ($16.54 million).
NEW YORK MOBILE SPORTS BETTING, FEB. 28-MARCH 6
FanDuel New York remains on top
FanDuel New York was again on top of the leaderboard for the sixth consecutive week, posting its third highest handle since launch at $145.62 million, up a whopping $13.63 million from the previous week’s $131.99 million.
Its GGR was its highest since launch at $18.01 million, up $7.58 million from $10.44 million a week ago. To date, FanDuel has a total handle of $1.216 billion, $68.27 million in GGR and $34.82 million to the state in taxes.
NewYorkBets.com is always a good place to check out the latest in New York sports betting promo codes.
CUMULATIVE TOTALS, JAN. 8-MARCH 6
March Madness starts next week
The second-biggest sports betting event of the year takes place next week with first-round action of the men's NCAA Basketball Tournament.
This is the first year for Mobile Madness in New York, so it will be interesting to see the intensity of interest and the money coming in and out for the next three weeks. It could be comparable to the NFL playoffs and Super Bowl; we shall see.
This story was updated to include February retail figures.