New York Online Sports Betting Industry Breaks Monthly Revenue Records
New York’s Online Sports Betting Hits New Revenue Milestone
New York’s online sports betting sector continues its rapid growth, recently achieving a new monthly revenue record of $280.6 million. This remarkable figure highlights the ongoing expansion and increasing popularity of online wagering in the state.
Record-Breaking Revenue and Growing Betting Activity
In November, the online sports betting industry in New York surpassed previous achievements by generating $280.6 million in revenue. This amount marks a 12% increase over the previous high of $248.9 million recorded in May of the same year.
When comparing year-over-year data, November’s revenue reflected a 21.2% growth compared to November 2024. Month-over-month growth was also strong, with revenue rising 17.6% from October 2025.
Betting activity remained robust as well, with bettors placing approximately $2.61 billion in online wagers throughout November. Although this betting handle is a 15% increase from the same month the prior year, it narrowly missed the all-time handle record of $2.64 billion, set in October 2025.
Analyzing both the betting handle and revenue figures suggests that sportsbooks retained about 10.78% of the total wagered amount in November.
Market Leaders: FanDuel and DraftKings
FanDuel and DraftKings continued to dominate New York’s online sports betting scene, each setting new monthly records within their operations. FanDuel led with a handle of $1 billion and generated $131.9 million in revenue, the highest monthly figures recorded by any operator so far, indicating a hold rate of 13.19%.
DraftKings followed closely with $916.3 million in handle and $89.1 million in revenue, corresponding to a hold rate of approximately 9.72%.
The third-largest operator, Fanatics, recorded $209.1 million in wagers and reported $23 million in revenue for the month, suggesting a hold of 11%.
Other Major Operators’ Performance
Additional significant contributors in New York’s online betting market included Caesars, BetMGM, and Rush Street Interactive, which reported revenues of $14 million, $13.5 million, and $4.1 million, respectively. Their corresponding betting handles were $186.2 million, $171.6 million, and $49.9 million.
Smaller operators such as ESPN Bet, Bally Bet, and Resorts World Bet reported revenues of $3.9 million, $1.1 million, and $230,000, with handles of $56.5 million, $16.8 million, and $2.8 million, respectively.
Regulatory Developments Impacting the Market
In recent regulatory news, New York has enacted a new law that bans sweepstakes betting, adding regulatory pressure to an industry that is already navigating a complex legal environment. This development could influence the operational landscape for betting providers in the near future.
