New York Sports Betting
Mobile/Online Retail
State Market Snapshot
Authorized Operators
FanDuel DraftKings BetMGM Caesars bet365 Fanatics Sportsbook Bally Bet BetRivers theScore Bet
Market Notes
- Handle and growth: $2.64 billion wagered in October 2025, a record monthly high (up 13% year-over-year and surpassing January 2025’s previous peak by $150 million); FY 2025 handle wrapped up at a historic record of $26.3 billion, driven heavily by fall surges from the NFL, college football, MLB playoffs, and NBA/NHL starts.
- Market split: mobile captured 99.9% of handle across 9 online skins (FanDuel, DraftKings, BetMGM, Caesars, bet365, Fanatics Sportsbook, Bally Bet, BetRivers, theScore Bet); 4 retail sportsbooks at upstate casinos (Rivers Schenectady, del Lago, Resorts World Catskills, Point Place) accounted for the remaining 0.1%.
- Hold and tax: statewide hold averaged 9.0% in October ($238.7 million gross revenue); operators remit 51% on adjusted gross revenue (highest nationally), yielding $121.7 million in October taxes and pushing full-year 2025 tax generation to a record $1.32 billion, allocated to education, youth programs, and problem-gambling initiatives.
- Regulatory note: Senate Bill 5935 advanced through the legislature with unanimous committee backing to ban dual-currency sweepstakes platforms, following national trends to protect regulated markets; New York State Gaming Commission evaluating prop bet restrictions for integrity amid recent scandals, open to league requests for limits on manipulable markets like two-way player props.