Despite a nearly 9% year-over-year dip in Super Bowl betting, New York’s overall February handle still spiked 6% and led to another $2 billion in monthly wagers.
- New Yorkers bet more than $2 billion with online sportsbooks for the seventh consecutive month.
- Online operator revenue was down from the previous February total of $184.8 million.
- FanDuel was the only sportsbook to produce a double-digit hold.
The New York State Gaming Commission recently reported that the Empire State’s eight online sportsbooks generated a $2.09-billion handle, making February the seventh consecutive month to surpass that massive mark.
Only the week of the Super Bowl produced $500 million during the month. The Big Game itself generated $126.3 million in online wagers.
The year-over-year increase in wagering was likely aided by the Winter Olympics despite the NHL's break to allow players to participate in Italy.
New York sports betting operators won back $177.5 million in February, down 4% from the $184.8 million during the same month in 2025. It was also the mobile sportsbooks’ lowest gross revenue amount since July 2025 and the first under $200 million since August 2025.
Profits from the Super Bowl, not including future markets, accounted for $39.7 million of the New York revenue total, and $23.6 million of the Empire State’s $90.5-million February tax haul came from the Big Game.
The 8.5% hold was down from the previous February’s 9.3%, and it was the first win rate under 10% since October 2025.
Bringing up the hold
FanDuel led all online operators with a $726.8-million handle, edging DraftKings by $21.5 million for top honor. FanDuel’s streak of $100-million gross revenue hauls, however, ended at four months, as the online sportsbook made $80 million from an 11% hold, the highest of any New York operator in February.
DraftKings produced an 8.7% hold much closer to the state’s February average, leading to $61.3 million, nearly $18 million less than January’s profits. Fanatics regained its third-place spot after losing in January to BetMGM. Fanatics won back just 6.7% of its nearly $230-million handle to produce $14.4 million.
BetMGM had its least profitable month in two years behind a 2.3% hold, claiming $4.2 million in gross revenue on a $176.8-million handle. Caesars saw a $2.5-million month-over-month revenue decrease, finishing February with $9 million in profits on a $137-million handle. BetRivers won back 8.3% on a $50.1-million handle, while theScore Bet produced a 6.6% hold on $47.7 million in wagers. Bally Bet nearly won 8% from a $14-million handle.
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New York Sports Betting Jumps 6%, but Profits Slip in February
sharyneleanor edited this page 2026-04-29 07:21:16 +02:00