New York sportsbooks cap record-setting 2025 with a flourish
Empire State operators net $260m in December GGR to push past $2.5bn in annual revenue
The online sports betting market in New York finished the year with a flourish in December as operators reported over $250m in gross revenue for just the second time ever, helping push past the $2.5bn milestone in aggregate 2025 revenue according to new data from the New York State Gaming Commission (NYSGC).
For the year, sportsbooks generated $2.55bn in gross gaming revenue (GGR) – a 25% year-over-year (YOY) increase – while annual handle rose nearly 16% to $26.3bn. Both marked new records for the regulated online market in the US.
December was a microcosm of the entire year as operators netted $259.7m in gross revenue on $2.38bn in handle – equating to a statewide hold of 10.9% – with the former figure representing a 72.7% YOY surge.
Paired with November’s all-time record revenue haul of $280.6m, Empire State operators topped their previous best two-month run ($455.4m in May-June 2025) by nearly $85m.
Operators sent $132.4m back to the state in December tax payments, running the overall 2025 tally to $1.32bn in cumulative contributions to educational initiatives in New York from sports betting proceeds.
The top of the operator landscape remained unchanged in the final month of the year, as FanDuel continued to dominate wallet share with $853.6m in handle and $120.1m in GGR for a massive 14.1% win rate that dwarfed the statewide mark. The huge December helped the longstanding Empire State market leader cross $1.1bn in 2025 revenue.
DraftKings ranked second with $801.6m but was only able to generate $84.1m in revenue from it, equating to a solid but unremarkable 10.5% hold. DraftKings capped the year with $854m in revenue.
The final podium spot was once again occupied by Fanatics, which amassed $18.7m in GGR on $205.5m in handle for a 9.1% hold that registered as nearly two full points below the statewide mark.
New York sportsbooks ended 2025 with five straight months of at least $2bn in handle, matching the longest run in the state’s history.