New York’s Sports Betting Handle Skyrockets During First Weekend of March Madness

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New York’s Sports Betting Handle Skyrockets During First Weekend of March Madness
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The Empire State's nine online sportsbooks combined to generate a handle of $539.6 million for the week ending March 24.

March Madness got plenty of attention from sports bettors in the Empire State, but it wasn’t a great week for the operators.

Despite the massive spike in action, Empire State sportsbooks didn’t capitalize as much as they would’ve preferred for an NCAA tournament that has largely gone the way of the favorite. The New York Gaming CommissionCompared to the first weekend of last year’s NCAA tournament, the amount wagered in 2024 was up 17.3%, but profits were 20.4% less than in 2023.

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