Online Sports Betting Revenue in NY Hits Another Record in May

by Lisa Spencer, June 16, 2025

New York hit a record $248.9 million in online sports betting revenue in May. Stay tuned to learn more about the latest market updates.

Another Record for the Empire State

New York has reported another record-breaking month in 2025. With a gross gaming revenue (GGR) of $248.9 million, May beat the previous record holder, January ($247 million), by approximately 0.8%. The state’s handle also remained high, exceeding $2 billion for the third month in a row. Here are some official numbers released by the state’s Gaming Commission:

The above table shows a comparison between the monthly mobile sports wagering handles and GGRs in the period January – May 2025. As you can see, the year started off strong, with January benefiting from the NFL playoffs and college football bowl games, all of which are major betting events for the Empire State.

February was a slower month, as reflected in both its handle and GGR. The March Madness led to a significant spike in the handle, which was recorded at approximately 2.44 billion. However, there was a further decrease in GGR in the same month, possibly due to more aggressive promotions or better odds offered by the available sportsbooks in New York.

The start of the NBA and NHL playoffs in April kept the monthly handle high. The New York sportsbooks were also more profitable, with a total GGR of around $193 million. And while May had a lower handle compared to the ones reported in January and March, it’s the undisputed leader in revenue. The NBA and NHL playoffs and the Kentucky Derby were among the events responsible for the month’s impressive success.

Main Players on the Market in New York

In May 2025, FanDuel remained the leader in mobile sports wagering in New York, with a gross gaming revenue of $108.8 million. The brand continues to improve its offerings, with “My Spend” being one of its latest features. The new customizable responsible gambling dashboard allows players to easily manage their time and spending on the platform.

“We want our customers to know what they are spending and to ensure they are within their comfort zone. Since the launch of My Spend, we’ve seen a meaningful rise in engagement with tools that give our customers the ability to create a personalized plan to manage their play,…We’re encouraged by the progress and remain steadfast in our commitment to making responsible play a natural part of the FanDuel experience for all customers.” – Jill Watkins, Senior Commercial Director of Responsible Gaming at FanDuel

DraftKings came second in April with a GGR of $84.2 million, followed by Fanatics with $18 million. BetMGM ($14.7 million), Caesars ($13.8 million), and Rush Street Interactive ($4.1 million) took fourth, fifth, and sixth places. ESPN Bet reported a GGR of $4 million, while Resorts World Bet and Bally Bet both had revenues below $1 million – $769,446 and $631,019, respectively.

Prognosis for the Rest of the Year

From 2024, we’re observing a strong growth in NY mobile sports wagering. Despite some monthly fluctuations in the market, this is expected to continue throughout 2025, supported by leading operators and expanding engagement. This reaffirms New York’s position as the nation’s largest and most profitable sports betting market.