New York Sports Betting Revenue Insights August 2025

Revenue Insights

$1.65B Handle

Sharp drop from May’s $2.21B, marking the lowest monthly handle of 2025 so far.

Revenue Trends

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12.52% Hold

Highest hold percentage of the year, jumping over a full point from May’s 11.25%.

Revenue Trends

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$206.5M GGR

Second-highest GGR since February, despite the steep handle decline.

Revenue Trends

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$105.3M Taxes

Down from May’s $126.9M, but still over the $100M mark for the fifth time in 2025.

Revenue Trends

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Sports Betting in New York

New York is the largest sports betting market in the United States, consistently leading the nation in handle, gross gaming revenue (GGR), and tax contributions since launching online wagering in January 2022. While retail sports betting began in 2019 at upstate casinos, the introduction of mobile betting transformed the industry, with monthly handles regularly surpassing $1.5 billion.

The state operates under a highly competitive, multi-operator model overseen by the New York State Gaming Commission, with a 51% tax rate on online GGR, the highest in the country alongside New Hampshire. Despite the steep tax rate, operators have invested heavily in the market due to its sheer size and volume.

Revenue from sports betting in New York funds a range of public initiatives, including education, youth sports, and problem gambling prevention programs. With a dense population, a passionate sports fan base, and a strong operator lineup, New York remains the benchmark for sports betting performance nationwide.

Trying to figure out which online sportsbook to sign up with? Check out our reviews of the best sportsbooks in New York.

Annual Sports Betting Growth in New York

Data is pulled directly from the New York State Gaming Commission Annual Reports

Source:

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Monthly Sports Betting Growth in New York

Taxes

Data is pulled directly from the New York State Gaming Commission Monthly Reports

Source:

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New York Sports Betting Revenue Performance

Since its launch in January 2022, New York has become the largest sports betting market in the United States, generating record-breaking handle and tax revenue figures each year. With its 51% tax rate on online sports betting revenue, the state consistently contributes over $1 billion annually to education funding. Below is a breakdown of New York’s yearly performance since launch, followed by monthly data for 2025.

Year	Handle	Revenue	Hold %	State Taxes
2022	$16,192,562,923	$1,359,067,098	8.55%	$693,124,220
2023	$19,103,521,572	$1,689,883,800	8.98%	$861,840,738
2024	$22,624,505,165	$2,044,005,839	9.11%	$1,042,442,978

2025 Year-to-Date

Month	Handle	GGR	Hold %	Tax Revenue
Jan 2025	$2,480,723,678	$247,046,629	9.96%	$125,993,781
Feb 2025	$1,975,603,982	$184,812,648	9.35%	$94,254,450
Mar 2025	$2,439,979,634	$161,828,221	6.63%	$82,532,393
Apr 2025	$2,153,262,045	$192,705,547	8.95%	$98,279,829
May 2025	$2,211,676,705	$248,906,754	11.25%	$126,942,445
Jun 2025	$1,649,539,166	$206,510,168	12.52%	$105,320,186

Latest Updates in New York Sports Wagering

April–May 2025 – Lawmakers proposed stricter consumer protections:
- Bill A7962 (April 16) would impose regulations like daily betting limits, advertising controls, and a ban on credit card deposits.
February 2025 – The Senate Racing Committee approved the bill to expand betting to include major sports awards, expanding on the scope of legal wagers.
October 2024: New York sportsbooks set a state record for the highest handle in a month, with bettors making wagers totaling $2.3 billion. (ESPN, 2024)
October 2024: New York passes a law increasing restrictions on gambling advertising that requires a warning about adverse consequences and addictive effects. (Office of Governor Kathy Hochul, 2024)
September 2024: ESPN Bet launches in New York. (iGamingBusiness.com , 2024)
July 2024: The New York market shows signs of slowing, with its worst month for sports betting handle since August 2023. (iGamingBusiness.com , 2024)

New York Snapshot

Key Aspect	Details
Population	Approximately 19.47 million residents as of 2024. (World Population Review, 2024)
Political Affiliation	New York has a strong democratic lean. It has had a Democratic trifecta since 2019. (270towin.com, 2024)
Year Sports Betting Legalized	Permitted in specific casinos since 2013. Online and mobile sports betting operations began in January 2022. (New York Gaming Commission, 2024)
Number of Sportsbooks Operating	Nine online sportsbooks: DraftKings, BetMGM, FanDuel, Caesars, BetRivers, ESPN Bet, Bally Bet, Resorts World Bet, and Fanatics Sportsbook.
GGR 2025 (Jan-Jun)	$1,241,809,967
Handle 2025 (Jan-Jun)	$12,910,785,210
Professional Sports Teams	Buffalo Bills, New York Giants and Jets (NFL), New York Mets and Yankees (MLB), New York Islanders and Rangers (MLB), New York Knicks (NBA), Brooklyn Nets (NBA), New York Liberty (WNBA), New York Red Bulls (MLS), and New York FC.

FAQs

General Information

When was sports betting permitted in New York?

Online sports betting was legalized in January 2022. Sports betting was first available in-person at four upstate casinos after the state passed a law to expand casino gaming in 2013 (New York Times, 2013): Tioga Downs Casino, Rivers Casino & Resort, Del Lago Resort & Casino and Resorts World Catskills.

How many sportsbooks operate in New York?

There are nine online sportsbooks in the state: DraftKings, BetMGM, FanDuel, Caesars, BetRivers, ESPN Bet, Bally Bet, Resorts World Bet, and Fanatics Sportsbook.

What is covered on this page?

This page provides a breakdown of New York's sports betting market, including handle, revenues, and operator updates, all backed by official reports. (New York State Gaming Commission, 2024)

Sol Fayerman-Hansen

Editor-in-Chief

Sol Fayerman-Hansen is Editor-in-Chief at RG.org with 20+ years of experience in sports journalism, gambling regulation, and tech. His work has appeared in Forbes, ESPN, and NFL.com, covering U.S. and Canadian gambling laws, major sports events, and wagering trends. Since 2023, Sol has led RG.org’s global editorial efforts, focusing on transparency, data accuracy, and regulatory insight. He works closely with researchers and legal experts to uphold E-E-A-T and Trust Project standards.📍 Israel/Canada 🌐 English, Hebrew 🎯 Gambling law, responsible gaming, tech in betting

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