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Add New York City's Online Sportsbooks See Profits Drop throughout March Madness' 2nd Weekend

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Carmon Prieur 2026-04-30 19:56:49 +08:00
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New-York-City%27s-Online-Sportsbooks-See-Profits-Drop-throughout-March-Madness%27-2nd-Weekend.md 100644

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<br>The second weekend of the NCAA Tournament wasn't almost as lucrative as the very first for New York's 8 [online sports](https://hiddenwiki.co/index.php?title=User:TamiStanbury0) [wagering operators](https://casaduartelagos.com/author/brendancrews3/).<br>
<br>- The handle throughout the week ending March 29 was down 11% from the previous week and even steeper year over year.<br>
<br>- FanDuel represented more than a 3rd of New York operators' profits.<br>
<br>- Fanatics and BetMGM had a hard time throughout the Sweet 16 and Elite 8.<br>
<br>The deal with during the week ending March 29 dipped 11.3% from the previous week to $492.1 million, and mobile sportsbooks recovered 7.5% to claim $36.9 million in gross profits, the New York State Gaming Commission just recently reported.<br>
<br>[Profits](https://rikis.ru/index.php?route=journal3/blog/post&journal_blog_post_id=10) fell week over week by 36%, and New sports wagering operators produced their lowest gross income because the week ending Jan. 25. Still, the week of the Sweet 16 and Elite Eight wasn't anything like the previous year when all four No. 1 [seeds reached](https://git.sortug.com/delmcanulty02) the Final 4.<br>
<br>During an [unprecedented](https://mustaqbel.com.pk/author/nganmlz8507483/) run by favorites, the very same week in 2025 led to a 1.6% hold and just $8.4 million in gross earnings from a $522.4[-million manage](http://rm.runfox.com/gitlab/revaquezada960). This year, all eight online operators [finished](https://date-duell.de/@tiffanymoreira) in the black, unlike in 2025.<br>
<br>Eating up earnings<br>
<br>FanDuel's $174.2-million deal with represented 35% of the whole amount bet in New york city throughout the week. The online operator also led the state with gross revenue of $16.7 million behind an 11.3% hold, well above the $4.3 million made during the exact same week in 2025.<br>
<br>Combined with DraftKings' $15 million in weekly profits, the 2 [sportsbooks comprised](https://unfoldlaw.in/comprehensive-overview-consumer-courts-filing/) 86% of all operator profits. DraftKings won back 9.5% of a $157.3-million handle, with the week's year-over-year profits increasing a massive 1,150%.<br>
<br>Revenue tough to come by<br>
<br>Fanatics ended up with the third-best manage with $66.4 million in wagers, but the online operator failed to even match recently's 6% hold, recovering just 5.1% during the week ending March 29. BetMGM had an even worse week, producing a 2.2% hang on a $38.5-million manage, however a minimum of the operator didn't complete in the red like it did for in 2015's Sweet 16 and Elite 8.<br>
<br>Caesars won back $2.4 millon on a $31.6-million handle, while theScore Bet was the only other operator to clear $1 million in weekly revenues. BetRivers produced a 5.3% hold on a manage of a little over $10 million, while [Bally Bet](http://60.247.225.253000/brockcolunga1) fell just shy of a double-digit win rate on $3.4 million in wagers.<br>