March might be associated with madness for sports fans in the United States but for the New York gambling industry, there was little to be mad about. In fact, in one segment of the industry, March 2023 stands as the most lucrative month yet.
Commercial casinos and legal online New York sports betting combined to produce $230 million in gross gaming revenue for the month. That represents a significant improvement from the previous year and contains a new record for New York.
The annual NCAA D1 men’s and women’s basketball championships usually prove to be the most-bet events of each year in the US. By no means was 2023 an exception to that rule. In New York, that especially rang true.
