The New York State Gaming Fee claimed $131.3 million in altered gross sports betting earnings for February on Friday, as diversified operator results from Tremendous Bowl LVIII played havoc with base strains.

The profits full was down 38% from January’s all-time nationwide significant of $211.7 million, but even now a balanced 21.1% enhance from the $108.3 million collected the former February. The Kansas Town Chiefs’ overtime victory about the San Francisco 49ers in Super Bowl LVIII manufactured mixed results for the 9 sporting activities betting apps in the state, highlighted by a $4.8 million reduction for BetMGM and a $970,000 loss for Caesars.

The Empire State’s four retail sportsbooks posted a combined decline of $112,000 on $5.8 million tackle. Following bettors came out $48,100 ahead on $1.6 million worth of Super Bowl wagers when including futures, they added a further $63,700 to their bankrolls from the $4.2 million in other motion.

Take care of was up 20.7% in contrast to February 2023 and 9.5% reduced than January. There was $1.97 billion worth of wagers. The state collected $67 million in taxes, and the $174.9 million reaching Albany coffers in the initial two months of 2024 is $43.4 million a lot more than the exact period final calendar year.

FanDuel 1st, but DraftKings tends to make up ground

FanDuel was the top rated performer among the the nine cellular sportsbooks in February, professing $63.4 million from $720.1 million take care of and putting up an 8.8% maintain. It experienced a lot more than 40% of New York’s cell manage for the fifth consecutive thirty day period, though the 40.6% current market share was the cheapest in that streak.

It was also the 3rd time in five months FanDuel unsuccessful to post a 10% hold, some thing it had completed in 16 of the 18 months prior to Oct.

DraftKings nearly took leading honors for earn price, edging in the vicinity of 8.8% to reap $53.4 million in winnings from $607.9 million in paced bets. Many thanks to BetMGM’s and Caesars’ Tremendous Bowl losses, DraftKings accounted for 40% of the month to month cellular earnings for the initially time since coming into the Empire State. Its past greatest was 39.1% previous July.

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BetMGM’s seven-determine decline for Super Bowl bets — portion of its staggering state-record $9.6 million reduction for the 7 days ending Feb. 11, eked out a compact win for February with $580,000 in earnings from $129.7 million deal with. The .4% maintain was an all-time regular low and the initial down below 3% since March 2022.

Caesars’ lighter decline that week, totaling $1.3 million, knocked down its regular winnings to $6.7 million. It experienced a 4.2% earn level, forward of only a person just previously mentioned 4% in July 2022.

The remaining month in New York for PointsBet, which involves figures from Fanatics Sportsbook‘s entrance Feb. 29, was a record for handle at $82.9 million. That easily outdistanced the former large of $58 million from January 2023. It only delivered a leading-three earnings overall as a farewell, with the $2.9 million in winnings building a 3.5% hold.

BetRivers edged PointsBet for fourth in revenue, coming inside $26,000 of $3 million even though crafting a 6.4% earn fee. BetRivers has amassed $6.5 million in winnings the to start with two months of 2024, which is virtually 10% of its all-time $65.4 million haul.

The off thirty day period by BetMGM allowed Bally Bet to claim sixth in earnings with an all-time every month ideal of $724,000. Its 7.5% keep ranked 3rd for the cellular operators, though the $9.7 million deal with was an all-time higher for the third consecutive thirty day period.

Resorts Entire world and WynnBET rounded out the results, with Resorts having $544,000 from $8.3 million worthy of of bets and WynnBET collecting $163,000 from $7.1 million take care of. It was the sixth consecutive thirty day period WynnBET — who agreed to offer its New York sporting activities betting licenses for $25 million to PENN Enjoyment so ESPN Wager can enter New York — experienced a sub-5% hold.



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