New York online sports betting hits record $26.3 billion handle in 2025 | Yogonet International
Summary
Author (punchy): This one matters — big numbers, bigger market share for the giants and a chunky tax windfall. If you work in iGaming, finance or regulation, skim the stats now.
Online sports betting in New York reached a record $26.3 billion in wagers in 2025, up 15.8% on 2024. Gross revenue climbed to $2.55 billion (a 25% increase) as the statewide hold rate rose to 9.7% from 9.0% the prior year. FanDuel and DraftKings dominated operator revenue, taking a combined 76% share. The sector generated roughly $1.32 billion in tax revenue for the state.
December 2025 was particularly strong: the eight mobile sportsbooks reported $259.7 million in revenue (a 72.7% increase year-on-year), with $2.38 billion wagered across the month. Mobile hold jumped to 10.9% from 6.6% in December 2024, producing $132.4 million in tax receipts. Over the previous three months New York collected more than $397 million in taxes.
Notable operator results: FanDuel earned $120.1 million in December and topped $1.1 billion for 2025; DraftKings accepted over $800 million in December wagers and returned $84 million in revenue; BetMGM saw wagers rise 50% to $259.1 million but had a low 5% hold. TheScore Bet launched in New York, posting $3.6 million revenue on $42.5 million in wagers.
Key Points
- 2025 handle: $26.3 billion — a 15.8% increase versus 2024.
- Gross revenue for 2025: $2.55 billion, up 25% year-on-year.
- Statewide hold rate rose to 9.7% from 9.0%.
- FanDuel and DraftKings accounted for 76% of operator revenue.
- New York generated approximately $1.32 billion in tax revenue in 2025.
- December 2025 revenue: $259.7 million (72.7% increase YoY); wagers $2.38 billion.
- Mobile sportsbooks’ hold jumped to 10.9% in Dec 2025 (from 6.6% in Dec 2024), yielding $132.4 million in taxes that month.
- Early January 2026 remained strong, with sportsbooks earning more than $70 million in the first week.
- Regulatory risk: lawmakers refiled a bill to ban live wagering and are reviewing prediction market platforms like Kalshi and Polymarket.
Why should I read this?
Short answer: because the numbers tell you where the money and market power are. It’s a quick hit of the stats — who’s making money, how much tax the state is pocketing, and what regulatory moves could shake things up. Handy if you want the headlines without wading through the full report.
Context and relevance
This growth highlights continued consumer adoption of mobile wagering and further consolidation around major operators. The rising hold rates and record revenues mean bigger tax inflows for New York but also invite regulatory scrutiny, particularly around in-play betting and prediction markets. For operators, investors and regulators this piece signals both opportunity and policy risk heading into 2026.
