New York smashes sports betting records in January

New York Achieves Historic Pinnacle in Online Sports Betting for January, Marking Three Years of Regulated Market Success

In a remarkable achievement for the Empire State, January saw unprecedented highs in online sports betting handle and revenue, as New York commemorated three years since the inception of its regulated market. Player expenditure on mobile sports betting soared to an impressive $2.48 billion (£2.01 billion/€2.41 billion), eclipsing the previous all-time record of $2.32 billion established in October 2024 by a substantial margin of 6.9%.

This monthly handle represents a year-over-year increase of 25.9% compared to January 2024, underscoring the rapid growth trajectory of New York’s online gambling sector, which officially opened its doors to legal online betting in January 2022.

According to the latest data from the New York State Gaming Commission, gross gaming revenue for the month reached a record-setting $247.0 million. This figure surpasses the prior record of $231.6 million reported in November 2024, reflecting a 6.7% increase.

When juxtaposed against the previous year’s figures, revenue for January 2025 demonstrates a significant 16.7% rise over January 2024, resulting in a monthly hold of 9.96% for the state.

FanDuel Achieves Landmark Revenue and Handle in New York

On the operational front, FanDuel, a subsidiary of Flutter Entertainment, has emerged as a standout performer, setting several records for individual licensees in New York. The platform reported an astounding $965.1 million in bets for the month, translating to an all-time monthly high revenue of $111.3 million, which reflects a strong hold of 11.53% for January.

DraftKings continues to be FanDuel’s closest competitor in the state, although the disparity between the two has broadened. In January, DraftKings recorded $837.9 million in bets and achieved $82.0 million in revenue, yielding a hold of 9.79%.

Caesars Entertainment ranked third, generating $15.8 million in revenue from a handle of $163.2 million and a hold of 9.68%. Following closely, Fanatics reported $15.1 million in revenue from a handle of $194.1 million, resulting in a 7.78% hold. BetMGM rounded out the top five with $14.8 million in revenue derived from a $194.8 million handle, yielding a 7.60% hold.

ESPN Bet Shows Promising Growth in New York Market

In the monthly rankings, Rush Street Interactive reported a respectable $3.9 million in revenue derived from $48.2 million in wagers, resulting in a hold of 8.09%. ESPN Bet also marked a milestone with its strongest monthly performance to date, reporting $2.4 million in revenue from $59.2 million in wagers, achieving a hold of 4.05%.

Bally Bet followed suit with $1.0 million in revenue from a $10.3 million handle, reflecting a 9.71% hold. Additionally, Resorts World Bet maintained market presence with $683,618 in revenue from a handle of $7.9 million, resulting in an 8.66% hold.

The burgeoning landscape of online sports betting in New York continues to illustrate the state’s dominant position as a leader in the regulated gambling sector. With a commitment to transparency and consumer protection, New York remains at the forefront of innovation, attracting bettors and operators alike as it paves the way for the future of sports wagering.