New York sets online sports betting revenue record in May

Player Spending on Sports Betting in New York Experiences Significant Growth

In May, New York witnessed a remarkable surge in online sports betting, with gross gaming revenue (GGR) hitting an unprecedented $248.9 million. This achievement marked a new record, as the state’s betting handle soared past $2 billion for the third consecutive month.

The GGR in May narrowly surpassed the previous record of $248 million established in January by a margin of 0.4%. Notably, this figure also reflects a robust 22.1% increase year-over-year and an impressive 29.2% jump compared to April, according to data from the New York State Gaming Commission.

Player spending surged in May, with the monthly handle reaching $2.21 billion. This figure not only exceeded the previous year’s performance by 11.6% but also represented a 2.3% increase compared to April. However, it still fell short of the all-time high of $2.49 billion wagered in January 2025 by 11.2%.

In terms of overall hold percentage, New York registered a monthly figure of 11.23%, indicative of a thriving sports betting landscape.

Market Leaders: FanDuel Maintains Dominance

In the competitive arena of online sports betting, Flutter’s FanDuel continued to assert its leadership in May. The platform generated $108.8 million in GGR from an impressive $803.1 million handle, achieving a hold percentage of 13.54%.

Coming in second place, DraftKings, which briefly held the lead in March, reported a GGR of $84.2 million derived from a $785 million handle, resulting in a hold of 10.73%.

Fanatics rounded out the top three operators, posting $18 million in GGR from a handle of $190.6 million, reflecting a hold percentage of 9.44%.

Additional key players included BetMGM, which reported GGR of $14.7 million from a $161.2 million handle, equating to a hold of 9.12%. Caesars was close behind with $13.8 million off a $152.3 million handle, translating to a hold of 9.06%.

Rush Street Interactive reported GGR of $4.1 million from a handle of $50.1 million, yielding a hold of 8.51%. ESPN Bet also demonstrated strength in the market with GGR exceeding $1 million, posting $4 million from a handle of $48.2 million and an 8.3% hold.

Resorts World Bet contributed $769,446 from $9.1 million, achieving an 8.41% hold, while Bally Bet concluded the list with a GGR of $631,019 off a handle of $12 million, resulting in a hold of 5.25%.

As the New York sports betting market continues to thrive, these statistics exemplify the region’s growing popularity and the competitive nature of its leading operators. Keeping abreast of these trends is essential for industry stakeholders seeking to navigate this dynamic landscape effectively.