The New York State Gaming Commission reported on Friday $217.3 million in mobile sports betting revenue for March as its eight operators fared far better than last year.
Revenue surged 34.3% compared to 2025, a year in which all four No. 1 seeds advanced to the Final Four of the NCAA men’s basketball tournament. Digital sportsbooks got a boost this year when defending champion and No. 1 seed Florida was upset by Iowa in the second round before fellow top seed Duke lost to Connecticut in the East Region final.
Despite the $2.33 billion in accepted wagers being the seventh-highest monthly total of the mobile era, handle was actually down 4.6% compared to last year. All-time digital wagering in the state surpassed $90 billion with March’s figures.
The state collected $110.8 million in tax receipts for the month and finished the fiscal year with nearly $1.33 billion in revenue. That exceeded the Fiscal Year 2026 budget estimate of $1.197 billion by almost $130 million.
Gains wherever you look
All eight operators posted year-over-year revenue gains, and six finished with holds of 9% or better. The state’s smallest player, Bally Bet, had the highest percentage increase of 553.8%, enjoying a record monthly revenue haul of $1.7 million thanks to a 12.2% hold.
FanDuel led all operators with $87.4 million in revenue, an increase of 47.1% compared to March 2025. It attained a 10.8% win rate while handle dipped 5.9% to $811.2 million. That was still enough to push FanDuel beyond $35 billion in all-time handle in the Empire State.
DraftKings had a 16.9% decline in handle to $758.4 million, but a 10.2% hold resulted in a 23.8% increase in revenue to $77.5 million.
Fanatics had the biggest jump in year-over-year handle at 45.9% in accepting $302.8 million worth of bets. That contributed a 21.9% bounce in revenue to $15.7 million, but the 5.2% hold was the lowest of the group.
BetMGM was the only other sportsbook whose increase in revenue lagged behind handle. Wagering was up 14.2% to $193.3 million, but winnings were up only 6.6% to $11.7 million. BetMGM notched a 6.1% hold, which was down nearly half a percentage point.
Caesars closed the first quarter with $14.2 million in winnings, up 67.7%, while BetRivers was up 72.3% to $4.9 million. TheScore Bet fared slightly better than predecessor ESPN Bet; revenue increased 3.8% to $4.1 million despite a 17.8% drop in handle to $44.3 million.
