New York’s mobile sports wagers hit $2.64 billion in October, setting new U.S. monthly record
Summary
New York’s mobile sports betting handle reached $2.64 billion in October, a new US monthly record that eclipsed the state’s previous high of $2.49 billion set in January. The October total represented a 13.9% year-on-year lift, driven by two exceptionally strong weeks that each topped $650 million and several other weeks that entered the all-time top ten.
Operators collectively held more than 9% of wagers, generating $238.7 million in revenue — up 35.4% on October 2024 — pushing 2025 year-to-date operator revenue past $2 billion. The state collected $121.8 million in taxes from mobile wagering for the month, bringing 2025 tax inflows to nearly $1.05 billion and already exceeding the 2024 record.
Market leaders: FanDuel became the first operator in New York to exceed $1 billion in monthly handle ($1.006bn) and posted roughly $100.6m in revenue. DraftKings reported $938m in wagers. Fanatics, BetMGM, Caesars and BetRivers also reported gains in handle or revenue. By contrast ESPN Bet recorded only 2.3% market share and weak profitability; that struggle coincided with the announcement that Penn Entertainment and ESPN Bet are ending their partnership.
Key Points
- October mobile handle in New York hit $2.64bn — a new U.S. monthly record, topping January’s $2.49bn.
- Handle rose 13.9% year-on-year with multiple weeks ranking among the largest weekly totals ever recorded.
- Operators’ combined hold exceeded 9%, producing $238.7m in revenue (up 35.4% YoY) and lifting 2025 YTD operator revenue past $2bn.
- State tax receipts from mobile wagers were $121.8m in October; 2025 tax receipts are nearly $1.05bn, already above 2024’s record.
- FanDuel topped $1bn in monthly handle ($1.006bn) and $100.6m revenue; DraftKings reached a record $938m handle; other major operators also saw stronger returns.
- ESPN Bet underperformed (2.3% market share, $3.4m revenue) and faced a high-profile partnership split between Penn and ESPN Bet announced the same day.
Context and relevance
This result underlines how concentrated and mature New York’s mobile betting market has become since launch in January 2022. Large handles translate into substantial operator revenue and meaningful tax inflows for the state, shaping public finances and regulatory attention. The figures also highlight competitive dynamics: market leaders consolidated share while newer entrants like ESPN Bet struggled to gain traction.
For industry participants, regulators and investors, the report signals where marketing and product investment are paying off, and where challengers are failing to convert volume into sustainable revenue.
Why should I read this?
Short and blunt: New York just smashed the US monthly mobile-betting record, and that affects who wins (and pays) in the market. If you work in gaming, finance, regulation or marketing — this is the snapshot that tells you where the money and momentum are heading. We’ve read the numbers so you don’t have to dig through the full report.
Author style
Punchy — the story is all about scale and shifting market power. If you need to act on market share, tax impact or competitive strategy, the detail matters; otherwise, the key takeaways are quick and actionable.
