- New York online sports betting has started 2025 off fast
- The gaming commission reported $600.8 in online sports betting handle for the week ending Jan. 5, 2025
- It was the most New Yorkers have ever bet in a single week
New York online sports betting has already started the new year off on the right foot.
New Yorkers bet the most they ever have in a single week to start off 2025, as the New York State Gaming Commission reported more than $600.8 million in online sports betting handle for the week ending Jan. 5, 2025.
The previous high in handle was $592.8 million for the week ending April 7, 2024.
New York Had Banner 2024
The first week of 2025 New York online sports betting is mirroring 2024, as New York set state highs in handle, gross gaming revenues, and tax revenues. While the full calendar year totals have yet to be released, the gaming commission reported $1,052,040,994 in total online sports betting tax revenue through Dec. 29, 2024, the first state in the history of U.S. sports betting to ever crack $1 billion in total sports betting tax revenues for a calendar year.
Additionally, New York online sports betting customers wagered $22,350,483,062 on sports through Dec. 29, 2024, a new record as well.
New York generated $860.7 million in sports betting tax revenues for 2023 and $693.1 million in sports betting tax revenues for 2022.
The New York State Gaming Commission reported $600,838,016 in online sports betting handle for the week ending Jan. 5, 2025, a new handle record. However, this did not result in record breaking revenues, as the state reported $38,140,600 in gross gaming revenue, more than a $23.3 million decrease from the previous week.
The New York State Gaming Commission releases handle and revenue reports for its nine live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers, at the conclusion of each week.
Here are the handle breakdowns for the nine sportsbooks for the week ending Jan 5:
- FanDuel NY: $240,346,238
- DraftKings NY: $191,987,866
- Fanatics Sportsbook: $51,375,252
- BetMGM NY: $48,844,682
- Caesars Sportsbook: $40,455,242
- BetRivers: $12,137,504
- ESPN BET: $11,078,337
- Bally Bet: $2,679,161
- Resorts World: $1,933,734
Here are the total handles for the nine sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is the only operator in the state to eclipse $20 billion in total handle, but DraftKings is close to crossing the threshold.
- FanDuel: $23,615,769,358
- DraftKings: $19,586,447,879
- Caesars: $6,817,067,701
- BetMGM: $4,216,823,694
- Fanatics Sportsbook: $2,004,597,909
- BetRivers: $1,644,062,796
- Resorts World: $219,314,017
- Bally Bet: $140,752,033
- ESPN BET: $140,792,300
NY Sports Betting Revenue
For the week of Jan. 5, 2025, the nine sportsbooks reported a total of $38,140,600 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $19,451,706 in tax revenue.
Here are the total gross gaming revenues for the week:
- FanDuel: $17,169,591
- DraftKings: $12,725,323
- Caesars Sportsbook: $2,617,823
- Fanatics Sportsbook: $2,426,485
- BetMGM: $2,009,601
- BetRivers: $802,323
- Bally Bet: $291,615
- Resorts World: $89,166
- ESPN BET: $8,674
Here are the total gross gaming revenues since the Jan. 8, 2022 launch:
- FanDuel: $2,450,068,502
- DraftKings: $1,647,403,734
- Caesars Sportsbook: $493,640,768
- BetMGM: $277,232,329
- Fanatics Sportsbook: $140,260,125
- BetRivers: $100,070,128
- Resorts World: $14,481,820
- Bally Bet: $8,456,842
- ESPN BET: $8,013,438