New York Sets New Monthly Sports Betting Revenue Record

New York posted its highest-ever month of online sports betting revenue in November, surpassing its previous record by 12.7%, according to data from the New York State Gaming Commission. Statewide online sports betting generated $280.6 million in gross gaming revenue (GGR) for the month—exceeding the former high of $248.9 million set in May 2025. This result marks a 21.2 % increase compared with November 2024 and a 17.6 % rise over October 2025.

Total wagering volume came close to record levels. Bettors placed approximately $2.61 billion in online wagers in November. While this is a 15 % increase compared with November 2024, it fell slightly — by about 1.1 % — short of October’s all‑time high of $2.64 billion. Combined across all licensed operators, the statewide hold reached 10.78 %.

Operator	Revenue ($M)	Handle ($B)	Hold (%)
FanDuel	131.9	1.00	13.19
DraftKings	89.1	0.916	9.72
Fanatics	23.0	0.209	11.0
Caesars	14.0	0.186	7.52
BetMGM	13.5	0.172	7.87
Rush Street Interactive	4.1	0.050	8.22
ESPN Bet	3.9	0.057	6.9
Bally Bet	1.1	0.017	6.55
Resorts World Bet	0.229	0.003	8.33

 

Operator Breakdown

The market’s leading operators delivered strong results and set new records:

• FanDuel remained market leader. It posted $131.9 million in revenue — the highest monthly total ever recorded by a single operator in New York. With a $1.0 billion handle, FanDuel achieved a 13.19 % hold.
• DraftKings followed with $89.1 million in revenue, also a new high for the operator in New York. Its $916.3 million handle translated into a 9.72 % hold.
• Fanatics Sportsbook claimed third place, generating $23 million from $209.1 million in wagers — an 11 % hold.

Other licensed operators also contributed, though at lower levels: Caesars Sportsbook ($14 M revenue), BetMGM ($13.5 M), Rush Street Interactive ($4.1 M), ESPN Bet (its last month under that name), Bally Bet, and Resorts World Bet also registered results, with hold percentages ranging roughly between 6.5 % and 8.3 %. The November 2025 record builds on a pattern of strong performance throughout the year. Earlier in 2025, months such as August already produced substantial results: in August, online wagering handle topped $2.04 billion with $178.2 million in GGR.

In October, the state recorded a record high handle of $2.64 billion and generated $238.7 million in revenue, itself the strongest revenue showing in several months. The November surge, both in handle and especially revenue, suggests the market continues expanding rather than stabilizing — underscoring strong demand and high user engagement.

 

Implications and Outlook Toward Year-End

November’s results reaffirm New York’s standing as the leading online sports‑betting market in the United States. The combination of record revenue and near‑peak wagering volume suggests several dynamics at work: rising bettor participation, perhaps boosted by a congested sports and holiday calendar; competitive pressure among top operators driving promotional activity; and likely steady consumer appetite for sports wagering.

If this momentum carries into December, and if holiday betting patterns — typically elevated around NFL games and college sports — hold, then New York could close 2025 with a substantial year‑on‑year gain across revenue, handle, and tax intake. For operators, the gains could translate into higher profits; for the state, into increased tax revenue. For market participants, the data reinforce that demand remains strong despite prior records being broken.

New York’s November performance sets a high bar. Whether the trend continues into the end of 2025 and beyond will depend on sports calendars, regulatory stability, and competition among sportsbooks — but for now, the state appears to be capitalizing on one of the most active betting periods in recent history.