New York’s online sports betting market achieved a new revenue record in May, with gross gaming revenue (GGR) reaching $248.9 million. This milestone occurred
New York’s online sports betting market achieved a new revenue record in May, with gross gaming revenue (GGR) reaching $248.9 million. This milestone occurred as the state’s monthly handle surpassed $2 billion for the third consecutive month, underscoring continued strong player engagement.
The GGR figure for May narrowly edged out the existing record of $248 million, set in January of this year, by 0.4%. It also represented a substantial 22.1% increase year-on-year and was 29.2% ahead of April’s revenue, according to data released by the New York State Gaming Commission.
Player spending also saw an uptick, with the monthly handle in May hitting $2.21 billion. This figure surpassed the previous year’s total by 11.6% and was 2.3% more than April’s handle. However, the total fell 11.2% short of the all-time record of $2.49 billion wagered in January 2025. The monthly hold rate for New York stood at 11.23% in May.
Looking at individual operator performance, Flutter’s FanDuel maintained its position as the market leader in New York’s online sports betting sector during May. The operator reported $108.8 million in GGR generated from an $803.1 million handle, resulting in a 13.54% hold.
DraftKings, which had temporarily taken the lead in March before slipping back to second in April, followed FanDuel. The operator posted $84.2 million in GGR from a $785 million handle, achieving a hold of 10.73%. Fanatics completed the top three, reporting GGR of $18 million off a $190.6 million handle, for a 9.44% hold.
Other operators also contributed to the state’s record performance. BetMGM reported GGR of $14.7 million from a $161.2 million handle, resulting in a 9.12% monthly hold. Caesars was close behind with $13.8 million in GGR from $152.3 million in handle, achieving a 9.06% hold. Rush Street Interactive generated $4.1 million in GGR off a $50.1 million handle, for an 8.51% hold in May. ESPN Bet was the only other operator to see GGR exceed $1 million, posting $4 million from $48.2 million, resulting in an 8.3% hold. Resorts World Bet took $769,446 from $9.1 million for an 8.41% hold. Finally, Bally Bet rounded off the market with $631,019 from $12 million in handle, leaving a hold of 5.25%.
The record revenue and continued high handle figures in May underscore the sustained strength and consumer engagement within New York’s competitive online sports betting market.
