New York’s sports betting market experienced a strong surge in player spending in September 2025, yet overall revenue declined compared with the previous year. According to data released by the New York State Gaming Commission, bettors placed $2.29 billion in wagers during the month—an impressive 10.6% increase year-on-year and a 12.3% rise compared to August 2025.
Despite the substantial growth in betting activity, gross gaming revenue (GGR) fell to $193.8 million, down 5.3% from $204.7 million in September 2024. The figure, however, still represented an 8.8% improvement from the prior month. The overall statewide hold rate settled at 8.47%, showing that although wagering volume increased, operators’ margins were narrower than a year earlier.
FanDuel cements leadership position
Flutter Entertainment’s FanDuel remained the undisputed frontrunner among the state’s nine licensed mobile sportsbooks. The operator reported $77.6 million in revenue from a $790.4 million handle, translating to a 9.82% hold. FanDuel’s dominance was further reinforced by its commanding 40% share of all sports betting revenue in September, maintaining its lead for yet another month.
DraftKings continued to trail closely behind. The company posted $66.7 million in revenue from $870.6 million in wagers, resulting in a 7.66% hold. While DraftKings processed more total bets than FanDuel, its lower hold rate placed it firmly in second position.
Fanatics Sportsbook held third place, bringing in $20.5 million in revenue from $219 million wagered for a 9.36% hold, further establishing its foothold in the state’s increasingly competitive sports betting market.
BetMGM and Caesars in close contest
The battle for fourth place saw BetMGM and Caesars Sportsbook locked in a near tie. Both operators recorded $10.9 million in revenue, though BetMGM narrowly pulled ahead in efficiency. From a $149.8 million handle, BetMGM achieved a 7.28% hold, while Caesars posted a 7.17% hold from $152 million wagered.
Rush Street Interactive’s BetRivers generated $3.6 million from $45.9 million in bets, producing a 7.84% hold, while ESPN Bet followed with $2.8 million from $47.1 million, holding 5.94%. Bally Bet and Resorts World Bet rounded out the rankings with $788,535 and $229,357 respectively, holding 6.07% and 8.33%.
Fiscal 2025/26 overview: steady growth and public benefit
For the 2025/2026 fiscal year to date (April–September), mobile sports betting handle in New York has reached $11.75 billion, generating $1.18 billion in GGR. Of this total, $576.1 million went to platform providers, while $599.6 million was allocated to state education funds.
Under the state’s distribution plan, $6 million of net revenue is dedicated to problem gambling education and treatment, while $5 million supports youth sports and educational grant programs aimed at expanding opportunities for underserved communities.
The data reflects New York’s ongoing balance between maintaining a thriving commercial betting sector and ensuring meaningful reinvestment into public initiatives.
While September’s dip in revenue suggests operators are navigating tighter margins, the rise in wagering volume signals continued enthusiasm among New York bettors.
Source:
“Total Mobile Sports Wagering Gross Gaming Revenue (GGR) and Taxes – Fiscal Year 2025/2026”, gaming.ny.gov, October 2025
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