New York’s online sports betting market reached historic highs in November, with state regulators reporting record revenue driven by strong operator performance and increased holiday-week wagering. Reports from the New York Gaming Commission and industry trackers show that sportsbooks earned between $231.6 million and $280.6 million in gross revenue, depending on reporting methods. Despite variations, all sources indicate a new benchmark for monthly operator earnings.
The state’s eight licensed sportsbooks handled between $2.27 billion and $2.61 billion in wagers, reflecting year-over-year growth from November 2024 but slightly below October’s record handle. Strong hold rates contributed to revenue, with one report noting a 10.7% hold on a $2.61-billion handle that produced $280.5 million.
FanDuel and DraftKings Lead the Market
FanDuel and DraftKings remained the top operators. FanDuel posted $131.9 million in revenue on a $1-billion handle, a 28.5% increase from November 2024, setting a record for a single operator’s monthly earnings. DraftKings followed with $89.1 million from a $916.3-million handle, its strongest month to date.
One report noted, “FanDuel being around $25 better off than DraftKings in terms of revenue,” with FanDuel holding 11.14% of the market and DraftKings 10.35%. Together, the two generated the majority of monthly profits.
Fanatics earned $22.9 million—the highest since its early-2024 launch—maintaining at least $200 million in wagers for the fourth consecutive month. Caesars earned $14–$14.2 million, BetMGM $13.5–$14.4 million, and ESPN Bet $3.9–$4.3 million, reflecting varying reporting periods.
Holiday Week Drives Betting Surge
The week ending November 30 saw a statewide handle of $637.5 million, up 18.6% from the previous week. All three NFL underdogs won on Thanksgiving, producing an 11.4% hold and $72.5 million in weekly revenue—the highest since early November. FanDuel led with $246.8 million, DraftKings with $217.4 million; together, they accounted for nearly 80% of revenue.
Year-to-Date Impact and Outlook
High hold rates and steady wagering helped New York collect $143 million in taxes for November alone, pushing the year-to-date total past $1.19 billion at the 51% operator revenue tax rate. Analysts noted Thanksgiving typically boosts wagering more than December, though upcoming NFL broadcasts could sustain engagement.
November’s $280.6 million in revenue exceeded May 2025’s $248.9 million record by 12.7% and was 21.2% higher than November 2024. The $2.61-billion handle marked a 15% increase from a year earlier, slightly below October’s $2.64 billion. Combined operator hold reached 10.78%.
Other operators included Fanatics at $23 million from $209.1 million (11% hold), Caesars $14 million from $186.2 million (7.52%), BetMGM $13.5 million from $171.6 million (7.87%), Rush Street Interactive $4.1 million from $49.9 million (8.22%), ESPN Bet $3.9 million from $56.5 million (6.9%), Bally Bet $1.1 million from $16.8 million (6.55%), and Resorts World Bet $229,357 from $2.8 million (8.33%).
Source:
“New York Reports Record Online Sports Betting Revenue”, news.worldcasinodirectory.com. December 8, 2025
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