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New York Sports Betting Handle Dips 4.5% in March
Online operators set a new March revenue high of $217.3 million despite the decline.
Apr. 13, 2026 at 10:03pm
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New York's sports betting industry continues to evolve, with operators finding new ways to capitalize on major events like the NCAA Tournament.NYC TodayNew York's eight online sports betting operators generated a $2.32 billion handle in March, down 4.5% from the previous year. However, the operators set a new March revenue record of $217.3 million, a 34.3% increase year-over-year, thanks to a higher hold rate during the NCAA Tournament.
Why it matters
New York has become one of the largest and most lucrative sports betting markets in the United States since launching online sports betting in 2022. The monthly handle and revenue figures provide insights into the health and growth of the industry in the state.
The details
While the overall handle declined, the operators' gross revenue spiked 34.3% to $217.3 million, thanks to a 9.4% hold rate, up nearly 3 points from the previous March. FanDuel was the biggest beneficiary, winning back 10.8% on an $811.1 million handle, a $27 million increase in gross revenue year-over-year. DraftKings also had a strong month, generating $77.5 million in revenue on a $758.4 million handle.
- The New York State Gaming Commission reported the March figures on April 13, 2026.
- March 2026 marked the eighth consecutive month that New York's online sports betting handle exceeded $2 billion.
The players
New York State Gaming Commission
The regulatory body that oversees and reports on New York's sports betting industry.
FanDuel
The leading online sportsbook operator in New York, generating $87.4 million in revenue on an $811.1 million handle in March 2026.
DraftKings
The second-largest online sportsbook operator in New York, generating $77.5 million in revenue on a $758.4 million handle in March 2026.
What’s next
The New York State Gaming Commission will continue to monitor and report on the monthly sports betting figures, providing insights into the industry's performance and trends.
The takeaway
New York's sports betting industry continues to evolve, with operators finding new ways to capitalize on major events like the NCAA Tournament. Despite a dip in overall handle, the industry set a new March revenue record, highlighting the potential for growth and innovation in this rapidly expanding market.
