New York Online Sports Betting Hits $2B in August 2025

New York's online sports betting market achieved a significant milestone in August 2025, with total wagers reaching $2.04 billion, marking a 41.9% increase from the same month in 2024. 

The commission reported $558,108,838 in total New York online sports betting handle and $66,640,027 in gross gaming revenue for the week ending August 31. 

For the entire month, New York experienced $2,044,463,754 in handle and $178,210,439 in gross gaming revenue. At the state's 51% tax rate, New York brought in $90,887,323 in tax revenues for August.

Despite these gains, August's hold rate was 8.72%, slightly below the double-digit figures seen earlier in the year.

New York Online Sports Betting Market Leaders

FanDuel led the market with $66.9 million in revenue from a $561.9 million handle, achieving a hold of 11.91%. DraftKings followed closely, generating $62.3 million from $579.6 million in bets, with a 10.75% hold. 

Meanwhile, Fanatics Sportsbook set a new monthly handle record of $565.8 million, contributing $16.1 million in revenue, though its hold rate was lower at 2.85%. 

Other operators such as BetMGM, Caesars, and ESPN Bet also participated in the market, with varying degrees of success. 

Notably, ESPN Bet's integration of fantasy sports features aimed to enhance user engagement. 

Outlook for the Remainder of 2025

With the NFL season underway, New York's online sportsbooks market is expected to maintain its robust performance. On top of this, the NBA season is also fast approaching in late October. With these two popular sports

The state's high tax revenues drive growth for the state. Meanwhile, mobile betting's rising popularity adds further momentum to the market.

New York will achieve another record-breaking year in online sports betting revenue if current trends continue.

As of now, there are no indications of significant regulatory changes that could impact the market's trajectory. 

Therefore, it is reasonable to anticipate that New York's online sports betting handle will remain strong through the end of 2025.