New York’s online sports betting market closed 2025 with one of its strongest months to date, reinforcing a multi-year trend of rising wagers and revenue since the state launched mobile betting in January 2022. December delivered the second-highest monthly gross gaming revenue ever recorded, helping cap a record year for the Empire State.
Sportsbook operators generated $259.7 million in gross gaming revenue during December, according to figures released by the New York State Gaming Commission. That total marked a 72.7% increase from the same month a year earlier and trailed only November 2025, when revenue reached $280.6 million. December also became the third straight month in which statewide revenue exceeded $200 million.
Betting Volume Eases From November Highs
Player spending remained elevated despite declining from recent peaks. Online sportsbooks accepted $2.38 billion in wagers during December. While the handle exceeded December 2024 by 4.4%, it fell 8.6% from November’s $2.61 billion and sat below the October 2025 record of $2.64 billion. December still represented the fifth consecutive month in which wagering topped $2 billion.
With revenue outpacing wagering volume, sportsbooks finished the month with a 10.9% hold.
FanDuel and DraftKings Maintain Control
FanDuel again led all operators by a wide margin. The Flutter Entertainment-owned sportsbook produced $120.1 million in December revenue from $853.6 million in wagers. Although its handle declined by nearly $150 million from November, the operator recorded a hold of 14.07%, one of the highest in the market. December marked FanDuel’s second-best revenue month in New York and pushed its 2025 revenue beyond $1.1 billion.
DraftKings followed as the nearest competitor. The operator generated $84.1 million in revenue from $801.6 million in bets, translating to a 10.49% hold. DraftKings closed 2025 with more than $854 million in annual gross revenue.
Fanatics held third place in December, earning $18.7 million from $205.5 million in wagers. Caesars posted $14.7 million in revenue on a $152.8 million handle, while BetMGM recorded $13.2 million from a record $259.1 million in bets. BetMGM’s handle surge produced a hold of 5.09%.
Further down the rankings, theScore Bet reported $3.6 million in revenue from $42.6 million wagered, followed by Bally Bet with $1.2 million on $13.2 million. Resorts World Bet rounded out the market with $229,357 in revenue from $2.8 million in wagers.
Record Year Sets High Bar For 2026
December finalized a historic year for New York sports betting. Online wagers totaled $26.3 billion in 2025, reflecting a 15.8% year-over-year increase and the largest annual growth rate recorded by the state. Gross revenue reached $2.55 billion, up 25% from 2024, while the annual hold average rose to 9.7%.
FanDuel and DraftKings combined to generate 76% of total operator revenue for the year. The state collected $1.32 billion in sports betting tax revenue during 2025, underscoring New York’s position as the most lucrative sports betting market in the United States as it enters 2026 amid renewed legislative scrutiny.
Source:
“Total Mobile Sports Wagering Gross Gaming Revenue (GGR) and Taxes – Fiscal Year 2025/2026”, gaming.ny.gov, January 2026
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