New York’s Online Sportsbook Revenue Spikes 30% During the March Madness' 1st Week
Empire State operators' profits jumped to $57.6 million from a $554.7-million handle during the week ending March 22.
Want to get more Covers content? Add us as a preferred source on your Google account here . New York’s eight online sports betting operators produced their most profitable first week of NCAA Tournament games ever in the most lucrative U.
S. market. Key Takeaways Empire State online sportsbooks won back 10.
4% of a $554. 7-million handle. The first week of the NCAA Tournament was chalky again, but not as bad as last year.
FanDuel’s hold reached 12% for the first time since January. The Empire State’s handle remained stagnant compared to the previous year, but gross revenue spiked nearly 30% to $57. 6 million during the week ending March 22, the New York State Gaming Commission reported on Thursday.