(AsiaGameHub) –   New York’s sports betting market saw contrasting results in March. While the total amount wagered declined compared to the previous year, operator earnings surged significantly due to an improved win percentage during a peak period for college basketball.

Good to Know

• New York online sportsbooks accepted $2.32 billion in wagers during March, a 4.5% decrease from March 2025.
• Gross revenue rose to $217.3 million, an increase of 34.3%, with a hold rate of 9.4%.
• FanDuel was the market leader in both handle and revenue, and DraftKings also achieved a double-digit win rate.

Higher Hold Offsets Lower Betting Volume in New York

According to the New York State Gaming Commission, the total handle for March was $2.32 billion from eight online sportsbooks. This figure was lower than the $2.43 billion recorded a year prior, marking the second consecutive month without annual growth in handle. However, betting activity increased by 15% from February, boosted by conference tournaments, the NCAA Tournament, and MLB Opening Day. This also represented the eighth month in a row that New York’s handle remained above $2 billion.

The revenue picture was markedly different. Gross revenue climbed to $217.3 million, a 34.3% year-over-year increase. Sportsbooks retained 9.4% of all wagers, a win rate nearly three percentage points higher than the previous March. Unexpected outcomes in the NCAA Tournament and a reduced number of top-seeded teams advancing to the semifinals contributed to the stronger performance.

This March generated the highest revenue since the launch of online sports betting in New York in 2022. It was also the market’s best operator win rate recorded during the month of the NCAA Tournament. State tax revenue for March amounted to $110.8 million, bringing the total tax collected year-to-date to $328 million.

FanDuel was responsible for the largest share of the results. It processed $811.1 million in bets and earned $87.4 million in gross revenue, achieving a hold of 10.8%. This revenue total was over $27 million higher than in March 2025. DraftKings also surpassed a double-digit hold, generating $77.5 million in revenue from a handle of $758.4 million.

Fanatics Sportsbook surpassed $300 million in monthly handle for the first time since August, concluding the month with $302.8 million in wagers and $15.7 million in revenue. Bettors fared better on this platform, resulting in a hold rate below 5.2%.

BetMGM experienced a softer period, producing $11.7 million in revenue from $193.3 million in wagers for a hold just under 6%. Caesars reported $14.2 million in revenue from a $152 million handle, holding above 9%.

Among the smaller operators, BetRivers accepted $52.4 million in wagers and recorded $4.9 million in gross revenue. This handle was more than $8 million greater than theScore Bet, which posted $4.1 million in revenue. Bally Bet handled $14 million and delivered the strongest hold among the smaller operators at 12.1%.