New York’s online sportsbooks have smashed records, achieving an unprecedented gross gaming revenue of $248.9 million in May 2025. This figure not only surpasses January’s record of $247 million but also signifies a healthy growth trend in the state’s sports betting market.
Key Points
- New York’s mobile sportsbooks generated a record revenue of $248.9 million in May 2025, a 0.8% increase from January.
- Despite a slight decline in total handle from $2.48 billion to $2.21 billion, betting activity remains robust.
- FanDuel led the market with a remarkable hold of 13.5%, translating to $108.8 million in revenue.
- Year-to-date figures show over $1 billion in revenue for sportsbooks, marking a top performance for the first five months of the year.
- The substantial revenue contributes significantly to New York’s education fund, with $126.9 million in May alone.
Why should I read this?
If you’re even somewhat into sports betting, this is a must-read! It sheds light on skyrocketing revenues and highlights the competitive landscape of New York’s betting market. With mobile sportsbooks thriving and setting records, understanding these trends gives you a solid grasp of where the industry’s heading. Who wants to miss out on the next big betting wave?
