Legal sports wagering in New York state continues to make tons of money and March Madness has something to do with it, according to Legal Sports Report.
Data released Monday by the New York Gaming Commission shows mobile betting drew over $400 million in play for the week ending March 13, with nearly $37 million in gross gaming revenue.
Sports betting has only been live in New York for 10 weeks, and already bettors have wagered more than $3.9 billion. Only Michigan and Tennessee have bet more.
The New York State Gaming Commission reported $406.4 million in online sports betting handle for the week ending March 13. It's the highest total handle since the Super Bowl weekend of Feb. 13 ($472 million).
— RLinnehanXL (@RLinnehanXl) March 18, 2022
FanDuel, Caesars, and DraftKings continue to be the go-to for most in the Empire State. FanDuel accounts for 35.4 percent of money wagered in the state.
Betting through the first 13 days of March showed more than $729 million wagered across eight total sportsbooks licensed in the state.
As March Madness rolls on, it appears that those numbers will only rise. And with the small New Jersey college Saint Peter’s advancing to the Sweet 16 as a 15-seed, it is believed New York will benefit from New Jersey bettors looking to cross the state line and bet on the Peacocks.