New York Sets New Monthly Online Betting Revenue Record  

New York’s online sports betting industry has continued to experience unprecedented success. According to the state’s latest revenue report, the online wagering sector smashed its monthly revenue record once again, this time reaching a staggering $280.6 million.

New York Narrowly Missed a New Handle Record

In November, New York’s online sports betting industry recorded revenue of $280.6 million, setting a new monthly all-time high and exceeding the previous record by 12%. For context, the previous record was $248.9 million and was reached in May this year.

On a year-on-year basis, the November revenue figure represented an improvement of 21.2% from November 2024. The month-on-month comparison, meanwhile, shows that New York’s online sports betting revenue has increased by 17.6% from October.

The sports betting handle results also paint a rosy picture, although the Empire State failed to smash its monthly player spending record. In November, sports betting aficionados in New York spent some $2.61 billion on online bets. This marked an increase of 15% from November 2024. Albeit impressive, this figure failed to surpass October 2025’s record-setting online betting handle of $2.64 billion.

Comparing the online sports betting handle and revenue figures suggests a monthly sportsbook hold of approximately 10.78%.

FanDuel and DraftKings Dominated the Market

The Empire State market continued to be dominated by FanDuel and DraftKings, as both set new monthly records for their respective businesses. The former company reported $131.9 million in handle, which is the highest monthly sum ever recorded by an operator. FanDuel also reported an online wagering handle of $1 billion, suggesting a hold of 13.19%.

DraftKings came in second with $916.3 million in handle and $89.1 million in revenue, implying a hold of $9.72%.

Rounding up the top three is Fanatics, which attracted $209.1 million in bets and reported $23 million in revenue for November. This suggests a monthly hold of 11.

Additionally, Caesars, BetMGM, and Rush Street Interactive reported revenues of $14 million, $13.5 million, and $4.1 million, respectively. The three companies’ handle figures for the month were $186.2 million, $171.6 million, and $49.9 million, respectively.

ESPN Bet, Bally Bet, and Resorts World Bet, on the other hand, reached revenues of $3.9 million, $1.1 million, and $230K, respectively. Their handle figures were $56.5 million, $16.8 million, and $2.8 million.

In other news, New York just signed a sweepstakes ban into law, increasing the regulatory pressure on an already embattled industry.