New York smashes sports betting revenue and handle records in January
Player spending on mobile sports betting in January topped $2.48 billion (£2.01 billion/€2.41 billion). This surpasses the existing New York record of $2.32 billion, set in October last year, by 6.9%.
The January handle total is also 25.9% higher the same month last year. New York opened its legal online betting market in January 2022.
In terms of gross gaming revenue, data from the New York State Gaming Commission places this at $247.0 million for the month. This is another new record, surpassing the $231.6 million reported in November 2024 by 6.7%.
As for year-on-year comparison, revenue in January 2025 was 16.7% higher than in 2024.
This resulted in a monthly hold of 9.96% for the Empire State in January.
FanDuel sets operator records in New York
Looking to operators, FanDuel set several new monthly records for individual licensees in the state. Flutter Entertainment-owned FanDuel took a record $965.1 million in bets and posted an all-time monthly high revenue of $111.3 million. This left a hold of 11.53% for January.
DraftKings remains FanDuel’s closest challenger in New York, although the gap between the two appears to be widening. In January, DraftKings processed $837.9 million in bets and saw revenue of $82.0 million for a 9.79% hold.
Caesars took third with $15.8 million in revenue off $163.2 million for a 9.68% hold. Next was Fanatics on $15.1 million from $194.1 million, resulting in a 7.78% monthly hold.
BetMGM completed the top five with $14.8 million in revenue off a $194.8 million handle to leave a 7.60% hold.
ESPN Bet continues to gain ground in New York
Next in the monthly ranking was Rush Street Interactive, posting $3.9 million in revenue off $48.2 million in wagers. This resulted in a hold of 8.09%.
ESPN Bet reported its best monthly results to date in January. The operator took $2.4 million in revenue from $59.2 million in wagers for a hold of 4.05%.
Bally Bet followed with revenue of $1.0 million off $10.3 million in handle, resulting in a 9.71% hold. Resorts World Bet again propped up the market, posting $683,618 in revenue off a $7.9 million handle for an 8.66% hold.