Why DraftKings made $8 million and BetMGM lost nearly $5 million on Super Bowl bets in New York

The New York Gaming Commission just released numbers showing how New York-based sportsbooks performed during the recent Super Bowl, and the most surprising revelation is how much better one of the biggest sportsbooks did than one of its rivals.DraftKings DKNG, -7.29% made $8.8 million in revenue from $52.3 million in Super Bowl bets, while BetMGM MGM, -0.42% lost $4.8 million after taking in $10.8 million in bets.The biggest sportsbooks had the San Francisco 49ers winning the game against the Kansas City Ch ...