In December 2025, New York’s sports betting industry recorded a significant increase in revenue, marking its second-highest monthly total to date. According to figures released by the New York State Gaming Commission, gross gaming revenue from sports betting reached $259.7 million. This represents a substantial 72.7% increase compared to the same period the previous year, trailing only the $280.6 million record achieved in November 2025. The surge in revenue highlights the growing strength of the state’s sports betting market and reinforces its position as a key player in the U.S. gambling landscape.
The online sports betting handle, which measures player spending, totaled $2.38 billion in December. While this figure reflects a 4.4% year-on-year increase compared to December 2024, it fell short of November 2025’s $2.61 billion and the record $2.64 billion set in October 2025 by 8.6% and 9.6%, respectively. These fluctuations in player spending are noteworthy as they provide insights into consumer behavior and market trends over time.
Among the operators, FanDuel, owned by Flutter Entertainment, maintained its leading position in New York’s sports betting market. The operator reported $120.1 million in revenue from $853.6 million in bets, achieving its second-highest revenue in the state. Despite the recent decline in its handle—down from two consecutive months exceeding $1 billion—FanDuel’s strong performance resulted in a 14.07% hold, underscoring its formidable presence in the market.
DraftKings followed as a close competitor, generating $84.1 million in revenue from a $801.6 million handle, translating to a 10.49% hold. Fanatics secured the third spot, with $18.7 million in revenue from $205.5 million in wagers, resulting in a 9.1% hold. Meanwhile, Caesars recorded $14.7 million in revenue with a handle of $152.8 million, maintaining a 9.62% hold. BetMGM posted $13.2 million from its record handle of $259.1 million, achieving a 5.09% hold.
TheScore Bet, rebranded from ESPN Bet, reported $3.6 million in revenue from $42.6 million in bets, reflecting an 8.45% hold. Bally Bet managed $1.2 million in revenue from $13.2 million, with a notably low hold of 0.09%. Resorts World Bet, the smallest player in the market, reported $229,357 in revenue from a $2.8 million handle, resulting in an 8.33% hold.
These figures demonstrate the competitive nature of the New York sports betting market, where operators vie for market share and profitability. The performance of these companies not only impacts their financial results but also influences their strategic decisions and market positioning.
The growth of sports betting in New York carries broader regulatory and market implications. As the market expands, operators face increasing regulatory scrutiny and compliance obligations to ensure responsible gambling practices and protect consumer interests. Additionally, the competitive environment may drive further innovation and diversification of offerings as operators seek to differentiate themselves and capture a larger share of the market.
Looking ahead, the New York sports betting market’s continued growth will depend on various factors, including regulatory developments, market dynamics, and consumer preferences. As the state evaluates the success of its sports betting framework, stakeholders will monitor how these elements interact and shape the future landscape of sports betting in New York.
In terms of next steps, operators and regulators will closely observe market trends and player behavior to adapt strategies and policies accordingly. The ongoing evaluation of the sports betting landscape will help ensure that the market remains sustainable and competitive while addressing potential challenges related to regulation, enforcement, and compliance.