- New York’s sports betting market hit $26.3 billion in handle for 2025, bringing the state $1.32 billion in tax collections.
- Operators earned $259.7 million in December, with FanDuel and DraftKings combining for 76% of total market revenue.
- While New York remains the country’s top sports betting state, upcoming legislation could prohibit live in-game betting starting in 2026.
NEW YORK – The New York State Gaming Commission reported that the sports betting handle across the state reached $26.3 billion for 2025. Compared to the previous year, that’s a 15.8% boost and represents the sharpest annual climb since online wagering became legal in January 2022.
Operators’ gross revenue for the year was $2.55 billion, a 25% increase over the prior year. In comparison to 9% in 2024, the statewide hold percentage rose to 9.7%. 76% of all operator revenue came from FanDuel and DraftKings, with FanDuel’s yearly profits exceeding $1 billion.
Throughout 2025, legal sports betting operations brought in $1.32 billion in taxes for the state. Under the state’s licensing system, eight mobile sportsbooks are now in operation in New York.
December Sets Second-Highest Revenue Record
December 2025 was New York sportsbooks‘ second-most profitable month ever, at $259.7 million. That amount was a 72.7% increase over what operators made in December 2024, although it was only slightly less than the $280.5 million haul in November 2025.
For the fifth consecutive month, the monthly handle exceeded $2 billion in total wagers, reaching $2.38 billion. Compared to December 2024’s 6.6%, the December hold rate increased to 10.9%. For the month, $132.4 million in taxes were collected.
From $853.6 million in handling, FanDuel topped operators with $120.1 million in revenue in December. DraftKings received $801.6 million in bets, which brought in $84 million. Despite having an all-time high handle of $259.1 million, BetMGM’s hold rate was only 5%.
The US total bet on sports continues to grow, with New York maintaining its position as the nation’s largest market. According to early 2026 data, operators made over $70 million in the first week of January, primarily from college sports bowl events and NFL playoff games. Proposed legislation may limit prediction market companies that now offer sports-related contracts in the state and outlaw live in-game wagering.
