New York State Sports Betting Handle Decreases in February, March Expected to be Robust

New York State Sports Betting Handle Decreases in February, March Expected to be Robust

Sports betting in New York State has seen a decrease in handle for the month of February. This is a surprising development, considering the state has seen a steady increase in sports betting activity since its launch in July 2019. Despite this decline, experts are predicting a robust March for New York State sports betting.

The decrease in handle is attributed to the lack of major sporting events taking place during the month of February. With the Super Bowl and NCAA basketball tournament occurring in January, there was a large influx of bettors that month. This influx of bettors was not seen in February, resulting in a decrease in handle.

Despite this decrease, experts are predicting a strong March for sports betting in New York State. This is due to the start of the NCAA basketball tournament and the return of Major League Baseball. Both of these events are expected to draw large numbers of bettors to New York State sportsbooks.

In addition to the return of major sporting events, the state is also expecting an increase in online sports betting activity. Online sports betting was recently legalized in New York State, and the state is expecting an increase in bettors who prefer to bet online. This is due to the convenience and ease of use that online sportsbooks offer.

Overall, it appears that New York State sports betting handle has decreased in February, but experts are predicting a robust March. The return of major sporting events and the legalization of online sports betting are expected to drive an increase in handle for the month of March. This should be welcome news for sports bettors in New York State, as they will have more opportunities to place bets on their favorite teams and players.