New York Sports Betting Jumps 6%, but Profits Slip in February

Tamera Tuttle
2026-04-28T20:59:20Z

Despite a nearly 9% [year-over-year dip](https://denvertherapymatch.com/bbs/board.php?bo_table=Big_Thime_Gaming&wr_id=9) 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](https://gratisafhalen.be/author/jodiepankhu/) month to surpass that massive mark.

Only the week of the Super Bowl $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](http://www.renatoricci.it/wp/cost-of-generic-lipitor/) won back $177.5 million in February, down 4% from the $184.8 million produced 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](https://www.topsocialbookmark.club/story.php?title=the-bet9ja-promo-code-2026-is-yohaig) 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](http://mind-uk.org/gerald-lopez/). Fanatics regained its [third-place spot](https://www.elektrotechnik-weiterbildungen.de/handwerk-weiterbildungen-nach-mass/) 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](http://git.huixuebang.com/maxwell63x5378/the-bet-9ja-promotion-code-2026-is-yohaig/-/issues/1). 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](https://gratisafhalen.be/author/terryibsch4/) a 6.6% hold on $47.7 million in wagers. Bally Bet nearly won 8% from a $14-million handle.