Kris Johnson Deputy Editor -- CasinoBeats.com
Kris Johnson is a Charlotte-based deputy editor. He joined CasinoBeats in July 2025 and oversees the daily news flow of editing and publishing. Kris also reports on all aspects of the gambling industry with a...
Read Full BioNew York’s online sports betting market remains America’s undisputed king after producing an eye-popping $26.3 billion in total bets during 2025.
That record handle marked a 15.8% Year-over-Year (YOY) increase, representing the Empire State’s biggest annual spike since online sports betting began in 2022.
Other key data for 2025 included:
- Gross revenue surged to $2.55 billion, marking a 25% increase from 2024.
- The average hold rate rose from 9% last year to 9.7%.
- Online sports betting generated $1.32 billion in annual tax revenue for the state.
Sports wagering revenue in New York is taxed at a rate of 51%, with the majority of proceeds supporting New York’s public schools. There’s also an annual pledge of $5 million to support sports programs for underserved youth, as well as a $6 million annual pledge to fund education and treatment for problem gambling.
The New York State Gaming Commission’s reports also revealed that FanDuel and DraftKings combined to account for 76% of all revenue last year. In total, eight online sportsbooks are live now in the Empire State after Resorts World shuttered last June.
New York Closes 2025 With Best December Ever
In December, New York’s sportsbooks produced $259.7 million in gross revenue. Notably, this marked a 72.7% YOY increase. Only November 2025 generated more revenue at $280.5 million since the launch in 2022. Additionally, New York experienced its third consecutive month of $200 million or more in revenue.
There was a 10.9% hold rate in December compared to 6.6% from the same period a year ago. Here’s a look at New York’s top-performing sportsbook operators in December:
| Sportsbook | Handle | Revenue |
| FanDuel | $853.6 million | $120.1 million |
| DraftKings | $801.6 million | $84 million |
| BetMGM | $259.1 million | $13.2 million |
| Fanatics Sportsbook | $205.5 million | $18.7 million |
| Caesars Sportsbook | $152.8 million | $14.6 million |
FanDuel‘s strong showing in December helped it surpass $1.1 billion in total revenue for 2025. That followed FanDuel’s all-time record for monthly revenue in November at $131.9 million.
December also marked the first month of operation for TheScore Bet in New York, following the abrupt end of PENN Entertainment’s deal with ESPN Bet. TheScore Bet debuted with $42.5 million in handle and $3.6 million in revenue for the month.
In December, Rush Street Interactive produced $53.4 million in handle and $4.1 million in revenue. Lastly, Bally Bet generated $13.2 million in handle and $1.2 million in revenue for the month of December.
