New York’s sports betting market saw $2.44 billion wagered in January 2026, marking a modest year-on-year decline but a slight rebound from December 2025, according to figures released by the New York State Gaming Commission.

The total handle for January fell 1.5% compared with the same month last year but rose 2.6% from December’s $2.38 billion. Gross gaming revenue (GGR) totaled $250.6 million, a 1.5% increase over January 2025, despite the lower betting volume. However, this represented a 3.5% decrease from December’s $259.7 million, leaving the statewide hold at 10.24% for the month.

Market Leaders and Monthly Performance

Flutter Entertainment’s FanDuel maintained its position as New York’s leading sportsbook. FanDuel posted $113.7 million in revenue from $875.3 million in wagers, yielding a monthly hold of 12.99%. Although revenue improved compared with January 2025, it fell short of December’s near-record $120.1 million haul. Close behind, DraftKings generated $79.7 million in revenue from an $818.3 million handle, producing a 9.74% hold. Third-place Fanatics reported $21.5 million in revenue from $223.3 million in bets for a 9.63% hold.

Other notable operators included BetMGM, which accepted the highest handle among smaller competitors at $242.4 million but reported only $13.4 million in revenue (5.53% hold). Caesars took $160.7 million in wagers for $11.5 million in revenue (7.16% hold), while Rush Street Interactive generated $4.8 million from $52.2 million (9.2% hold). TheScore Bet posted $4.3 million in revenue off $54.1 million in bets (7.95% hold). Smaller operators BallyBet and Resorts World Bet reported $1.7 million (9.83% hold) and $229,357 (8.33% hold), respectively.

January’s figures highlight a maturing New York sports betting market, with steady revenue despite slightly lower wagering compared with last year.

Outlook

The January figures highlight a maturing New York sports betting market. While total wagers slightly declined compared with last year, overall revenue growth suggests operators are maintaining profitability despite higher competition and seasonal fluctuations. FanDuel’s inability to surpass its December record indicates volatility even for market leaders, while DraftKings and Fanatics continue to consolidate their positions among secondary competitors.

The statewide hold of 10.24% also reflects relatively consistent margins across operators, with larger players demonstrating higher hold percentages due to a mix of betting volume and product offerings. For smaller operators, revenue outcomes remain sensitive to handle size and hold, reinforcing the importance of customer acquisition and retention strategies.

As New York continues to expand its sports betting ecosystem, January’s results suggest steady engagement from consumers, tempered by competitive pressures and natural seasonal variations in wagering behavior.