New York’s legalized sports betting industry continues to set records.

During March, the state’s licensed sportsbooks recorded $163.6 million in adjusted gross revenue. The previous mark of $149.4 million was established in January, according to the New York State Gaming Commission.

So far this year, New York State has generated $214.5 million in taxes, including a record $83 million during March. The mobile sports betting operators also collected a record-setting $162.8 million in revenues.

New York’s total betting handle of $1.79 billion during March, however, did not establish a new mark. It fell fractionally short of January’s $1.8 billion record-setting total. The gaming commission’s report also indicated the industry experienced a nine percent increase from March 2022.

FanDuel and DraftKings led the way for New York. The market leader, FanDuel handled $740.1 million in wagers, while DraftKings was at $589.7 million.

So far in 2023, sportsbooks reportedly handled more than $5 billion in legal bets.

Maryland Record-Breaking Tax Revenues

New York is not the lone state establishing new revenue marks.

Maryland’s sportsbooks generated $47.5 million in gross revenues during March, according to the Maryland Gaming Commission.

The state’s sportsbooks also collected $35.4 million in adjusted revenues, marking the highest figure since sports betting became legal in Maryland in December 2021. The gaming commission’s report indicated that mobile wagering accounted for more than half of the sportsbooks’ adjusted gross revenue.

Maryland earned $5.3 million in tax revenues, improving the first-quarter total to $10.2 million. It represented approximately $8.9 million more than 1Q22.