New York set a new online sports betting revenue record in November, reaching an unprecedented $280.6 million. The milestone surpassed the previous record of $248.9 million set in May 2025, marking a 12.7% increase.
Strong Year-on-Year and Month-on-Month Growth
November’s gross gaming revenue came in 21.2% higher than the same month in 2024 and 17.6% above October 2025. While the state narrowly missed a new handle record, player spending remained strong at $2.61 billion—15% higher than November 2024 and just 1.1% short of October’s all-time high of $2.64 billion.
According to the New York State Gaming Commission, sportsbooks achieved a combined monthly hold of 10.78%.
FanDuel Sets Single-Operator Revenue Record
FanDuel once again led the market, posting $131.9 million in revenue—its highest monthly total in the state and the largest ever generated by a single operator in New York. With a handle of $1 billion, FanDuel closed the month with a 13.19% hold.
DraftKings followed with $89.1 million in revenue, also an all-time high for the brand in New York. Its $916.3 million handle produced a 9.72% hold. Fanatics placed third, generating $23 million from $209.1 million in wagers for an 11% hold.
Market Performance Across Other Operators
Caesars reported $14 million in revenue from a $186.2 million handle, ending the month with a 7.52% hold. BetMGM produced $13.5 million on $171.6 million, achieving a 7.87% hold, while Rush Street Interactive generated $4.1 million from a $49.9 million handle for an 8.22% hold.
Penn Entertainment’s ESPN Bet—its final month before transitioning to theScore Bet—posted $3.9 million from $56.5 million in wagers for a 6.9% hold. Bally Bet followed with $1.1 million off a $16.8 million handle, recording a 6.55% hold.
Resorts World Bet closed out the market with $229,357 in revenue from $2.8 million wagered, ending with an 8.33% hold.
