New York State Senator Nathalia Fernandez has introduced two bills, SB 10400 and SB 10401, which aim to restrict billboard ads for gambling, sports betting, tobacco, alcohol,...
New York hits $26.3B sports betting handle record in 2025
New York sports betting wagers hit $26.3 billion in 2025, a 15.8% rise from 2024, representing the biggest single-year increase for the state.
Gross revenue for 2025 was $2.55 billion, which was a 25% increase from 2024, and the statewide hold rate rose to 9.7%.
The leading operators of the market were DraftKings and FanDuel, generating 76% of all operator revenue. Operators also generated $1.32 billion in tax revenue for New York. Over the last three months of 2025, New York collected over $397 million in taxes.
FanDuel came in first, producing over $1.1 billion in revenue throughout the year and $120.1 million in just December 2025. DraftKings got bets worth over $800 million in December 2025, generating $84 million in revenue.
The New York State Gaming Commission reported that mobile sportsbooks generated $259.7 million in revenue, which was a 72.7% increase from December 2024.
Bets totaled $2.38 billion in December 2025, while mobile sportsbooks reached a 10.9% hold rate, resulting in $132.4 million in tax revenue.
Entering 2026, New York saw sportsbooks earning more than $70 million in the first week of January. The increased numbers were connected to the end of the NFL regular season and college football bowl games.
After the Colorado legislature passed SB131, which aims to ban gambling credit card deposits and limit the number of daily deposits, the bill has now been sent to Governor...
