- New York online sports betting recorded its largest online sports betting month ever in January
- Users bet the most they ever have in one month in the state’s sports betting history
- New York made the most money it has ever had in one month as well
New York online sports betting could not have started 2025 off on a better foot.
New York online sports betting saw the most money bet, and reported the most revenue ever, in a single month in the state’s sports betting history for January 2025.
Sports betting users wagered nearly $2.5 billion this past month, eclipsing a state record set just months before.
January 2025 Tops All Other Months
After a record setting 2024, the Empire State started off 2025 at an accelerated clip. New York online sports bettors wagered $2,480,723,678 in January, topping the previous handle record in October 2024 of $2,321,095,638.
The state also enjoyed record setting revenues, reporting $247,046,629 in gross gaming revenues. The state’s previous record was $231,570,118 in November 2024.
The New York State Gaming Commission releases handle and revenue reports for its nine live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers, at the conclusion of each week.
For the week ending Feb. 2, 2025, the state reported $518,990,925 in online sports betting handle and $56,310,096 in gross gaming revenue.
Here are the handle breakdowns for the nine sportsbooks for the week ending Feb. 2:
- FanDuel NY: $197,012,520
- DraftKings NY: $177,513,737
- Fanatics Sportsbook: $40,698,656
- BetMGM NY: $38,825,723
- Caesars Sportsbook: $32,525,758
- ESPN BET: $18,107,389
- BetRivers: $10,684,162
- Bally Bet: $1,857,910
- Resorts World: $1,765,070
Here are the total handles for the nine sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is the only operator in the state to eclipse $24 billion in total handle so far.
- FanDuel: $24,417,311,501
- DraftKings: $20,338,770,552
- Caesars: $6,962,078,185
- BetMGM: $4,387,748,617
- Fanatics Sportsbook: $2,178,291,650
- BetRivers: $1,687,375,227
- Resorts World: $226,520,978
- Bally Bet: $149,839,963
- ESPN BET: $198,504,695
NY Sports Betting Revenues
For the week of Feb. 2, the nine sportsbooks reported a total of $56,310,096 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $28,718,148 million in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $23,883,995
- DraftKings: $18,523,261
- BetMGM: $4,217,174
- Caesars Sportsbook: $3,825,091
- Fanatics Sportsbook: $3,450,279
- BetRivers: $1,173,220
- ESPN BET: $768,485
- Resorts World: $229,231
- Bally Bet: $13,932
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,547,862,203
- DraftKings: $1,722,629,690
- Caesars Sportsbook: $508,152,260
- BetMGM: $292,284,686
- Fanatics Sportsbook: $153,931,864
- BetRivers: $103,600,354
- Resorts World: $15,087,774
- ESPN BET: $11,249,584
- Bally Bet: $9,288,719
In a groundbreaking development for the sports betting industry, New York has set a new record for sports betting revenue in a single month. The state’s sportsbooks generated a staggering $1.98 billion in wagers in the month of October, marking a significant increase from the previous record of $1.3 billion set in September.
This surge in sports betting activity can be attributed to several factors, including the continued growth of online sports betting platforms and the increasing popularity of sports betting among New Yorkers. The legalization of mobile sports betting in the state earlier this year has also played a key role in driving up revenue, as bettors now have more convenient and accessible options for placing their wagers.
The record-breaking revenue figures are a clear indication of the immense potential of the sports betting market in New York. With more and more states across the country legalizing sports betting, it is expected that this trend will continue to grow in the coming months and years.
In addition to the financial benefits, the rise of sports betting in New York has also had a positive impact on the state’s economy. The increased revenue generated from sports betting has provided a much-needed boost to local businesses and has created new job opportunities in the industry.
Overall, the record-setting sports betting revenue in New York is a testament to the growing popularity and profitability of the industry. As more states continue to legalize sports betting, it is clear that this trend is here to stay, and will only continue to grow in the future.
