New York Online Sports Betting Hits $2.15 Billion in April 2025

USA – May 14, 2025 | www.zonadeazar.com – Online sports betting in New York saw a major surge in April, with players wagering $2.15 billion, representing a 9.1% year-over-year increase, according to data from the New York State Gaming Commission. However, the figure marks a 12.2% drop compared to March’s $2.45 billion.

Despite the lower handle, revenue for April hit $192.7 million, up 4.7% from April 2024 and 18.9% higher than March 2025, leading to a statehold rate of 8.95%. Monthly tax revenue also exceeded $98.3 million.

FanDuel Reclaims Top Spot in New York’s Online Betting Market

FanDuel, owned by Flutter Entertainment, regained its market lead after briefly falling behind DraftKings in March. FanDuel reported $84.8 million in revenue from $822.5 million in bets, capturing a 10.31% market share.

DraftKings followed in second place with $66.8 million in revenue from $727.3 million in bets, accounting for a 9.18% market share. Fanatics Sportsbook ranked third with $12.5 million in revenue from $175.7 million wagered, representing a 7.11% hold rate.

BetMGM took fourth place, generating $11.2 million from $154.1 million, with a 7.27% hold rate. Caesars Sportsbook followed closely with $9.7 million from $153.4 million, reflecting a 6.32% hold.

Rush Street Interactive (operating BetRivers) posted $3.4 million in revenue from $43.2 million, achieving a 7.87% retention rate. ESPN Bet also recorded over $1 million in revenue.

Meanwhile, Resorts World Bet fell just short of the seven-digit mark, reporting $769,845 from $9.9 million wagered, with a 7.81% market share. Bally Bet rounded out the market with $489,091 in revenue from $11.1 million in wagers.

Edited by: @_fonta
Source: www.zonadeazar.com