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March Madness boosts state betting handles

By Bill King

March Madness brought the anticipated bump back from the declining handles of February in most of the 15 states that have reported handle from that month thus far, but it has been relatively modest considering the steep fall in February. The 15 states were up a combined 12% in March, coming off a 20% drop from January to February. Last year, March Madness brought a 15% jump in handle over the prior month.

Among the 10 states with March handles of $100M or more, Connecticut showed the strongest rebound, rising 22%. Pennsylvania was up 20%.

March state sports betting handles
STATE HANDLE VS. FEB. 2022 VS. MARCH 2021
New York $1,643,818,749 7% n/a
New Jersey $1,120,904,954 14% 130%
Pennsylvania $714,976,578 20% 128%
Michigan $477,967,946 13% 125%
Indiana $476,802,783 17% 151%
Iowa $233,525,474 8% 145%
Tennessee $370,230,004 18% 180%
Louisiana $232,730,341 -2% n/a
Connecticut $140,747,037 22% n/a
New Hampshire $78,811,441 11% 141%
Mississippi $47,889,212 17% 95%
West Virginia $51,713,269 35% 160%
Oregon $36,183,175 -8% 150%
D.C. $20,432,716 6% 134%
Arkansas $7,388,236 26% 124%
Montana $3,982,000 10% 97%
TOTALS $5,658,103,914

 

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