New York Sportsbooks Start New Fiscal Year With $1.96B Handle

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New York Sportsbooks Start New Fiscal Year With $1.96B Handle
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The New York Gaming Commission reported an April handle of $1.96 billion, up 27.2% compared to the same month last year and 6% from the $1.85 million produced in March.

an April handle of $1.96 billion, up 27.2% compared to the same month last year and 6% from the $1.85 million produced in March. April’s revenue of $183.8 million is the third-most ever for Empire State operators.

It wasn’t a great month for bettors as sportsbooks increased their hold from 8.2% in March to 9.4% in April. The Empire State hauled in $93.7 million in tax revenue, marking the third time profits exceeded $90 million in the last five months.The April handle was New York's fourth-best figure since online wagering began in Jan. 2022, and is the most amount wagered this calendar year, passing the $1.95 billion generated in January.

DraftKings eclipsed $700 million in the amount wagered for the first time since December and scored its highest profits since January. The $63.2 million of revenue was up 40.7% year-over-year.

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