Sports betting is legal and thriving in New York.
It started in 2013, when New York approved legalized sports betting at four upstate casinos, with regulations arriving in June 2019. In April 2021, statewide mobile sports betting was authorized by legislation, and the final rules were adopted in November 2021.
Lastly, mobile betting became available in January 2022.
New York sports betting revenue
New York sports betting began in July 2019 with retail betting, and online betting began in January 2022. The Empire State generated $19.1 billion in total sports betting handle in 2023.
New York sportsbooks set a record for revenue in November.
Below is an outline of New York's sports betting figures over the years:
New York annual data
| Year 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| 2025 | $23,927,903,237 | $2,291,464,787 | 9.6% |
| 2024 | $22,704,393,565 | $2,049,118,161 | 9.0% |
| 2023 | $19,196,867,481 | $1,696,664,242 | 8.8% |
| 2022 | $16,288,073,161 | $1,367,052,768 | 8.40% |
New York 2025 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $2,487,676,801 | $248,001,820 | 10.0% |
| Feb | $1,979,914,659 | $184,512,125 | 9.3% |
| Mar | $2,445,290,864 | $162,142,924 | 6.6% |
| Apr | $2,158,082,654 | $192,616,927 | 8.9% |
| May | $2,215,450,269 | $249,312,914 | 11.3% |
| June | $1,653,307,479 | $207,187,605 | 12.5% |
| July | $1,403,671,173 | $155,878,073 | 11.1% |
| Aug | $2,047,456,610 | $178,753,563 | 8.7% |
| Sept | $2,287,762,266 | $193,756,854 | 8.5% |
| Oct | $2,642,692,499 | $238,745,749 | 9.0% |
| Nov | $2,606,597,963 | $280,556,233 | 10.7% |
New York 2024 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,965,468,151 | $211,706,706 | 10.8% |
| Feb | $1,779,072,192 | $131,331,307 | 7.4% |
| Mar | $1,854,674,065 | $152,553,937 | 8.2% |
| Apr | $1,969,945,755 | $184,032,347 | 9.3% |
| May | $1,978,733,457 | $203,719,392 | 10.3% |
| June | $1,477,842,946 | $134,169,779 | 9.1% |
| July | $1,265,934,085 | $140,856,541 | 11.1% |
| Aug | $1,440,577,943 | $125,961,724 | 8.7% |
| Sept | $2,079,869,074 | $206,067,211 | 9.9% |
| Oct | $2,329,400,445 | $176,354,954 | 7.6% |
| Nov | $2,273,599,387 | $232,209,891 | 10.2% |
| Dec | $2,289,276,065 | $150,154,372 | 6.6% |
New York 2023 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,799,048,366 | $149,886,749 | 8.30% |
| Feb | $1,474,299,933 | $108,281,940 | 7.30% |
| Mar | $1,792,885,346 | $163,582,117 | 9.10% |
| Apr | $1,550,014,914 | $138,820,564 | 8.5% |
| May | $1,363,794,316 | $152,643,135 | 11.2% |
| June | $1,170,989,676 | $103,956,641 | 8.9% |
| July | $966,555,215 | $105,510,884 | 10.9% |
| Aug | $1,118,163,959 | $99,241,793 | 8.9% |
| Sept | $1,767,913,850 | $166,834,225 | 9.4% |
| Oct | $2,017,133,483 | $167,327,704 | 8.3% |
| Nov | $2,122,331,713 | $151,291,344 | 7.1% |
| Dec | $2,053,736,710 | $189,287,146 | 9.2% |
New York 2022 monthly data
| Month 📅 | Handle 💵 | Gross revenue 💰 | Hold % (average) |
|---|---|---|---|
| Jan | $1,686,263,898 | $123,810,126 | 7.30% |
| Feb | $1,534,078,893 | $82,149,599 | 5.40% |
| Mar | $1,644,789,692 | $114,956,204 | 7.00% |
| Apr | $1,396,791,941 | $104,535,898 | 7.50% |
| May | $1,269,862,570 | $110,418,075 | 8.70% |
| Jun | $1,056,694,012 | $72,441,500 | 6.90% |
| Jul | $804,966,381 | $73,880,416 | 9.20% |
| Aug | $877,407,454 | $100,760,793 | 11.50% |
| Sep | $1,265,553,630 | $145,039,867 | 11.50% |
| Oct | $1,555,051,007 | $146,845,938 | 9.40% |
| Nov | $1,564,144,673 | $149,244,901 | 9.50% |
| Dec | $1,632,469,010 | $142,969,451 | 8.80% |
New York sports betting at a glance
- Launch date: January 2022
- Regulator: New York Gaming Commission (NYGC)
- Latest reported month: September 2025
- Lifetime handle: $79,880,790,826
- Lifetime revenue: $7,167,312,128
- Last updated: December 24, 2025
Note: New York reports sports betting revenue on a monthly basis. Figures below reflect combined online and retail wagering unless otherwise specified by the regulator.
About sports betting revenue in New York
New York legalized sports betting in April 2021, with online and mobile wagering officially launching in January 2022 under a regulatory framework overseen by the New York State Gaming Commission.
The state’s model is built almost entirely around online and mobile wagering, with licenses awarded to a limited number of platform operators partnered with approved casino entities. While retail sportsbooks exist at select upstate commercial and tribal casinos, the New York market is overwhelmingly mobile-driven and has consistently produced some of the highest betting handle totals in the United States.
Each month, the New York State Gaming Commission publishes official sports wagering reports detailing statewide handle, gross gaming revenue, and tax collections. These reports focus primarily on mobile betting activity and serve as the authoritative source for tracking the performance and scale of New York’s sports betting market.
Because of its mobile dominance, high tax rate, and unusually large population base, New York’s sports betting figures are best evaluated within the context of its own regulatory and economic structure rather than through direct, one-to-one comparisons with states operating under different licensing or tax models.
How to read revenue numbers
- Handle represents the total amount wagered by bettors during the month.
- Revenue reflects sportsbook winnings after payouts, before expenses.
- Hold is calculated as revenue divided by handle, expressed as a percentage.
Monthly revenue can fluctuate significantly due to seasonality, betting mix, and the outcomes of major sporting events.
New York teams to bet on
New York sports fans are among the most passionate in the nation. There are plenty of teams to choose from, including the Yankees, Rangers, and many more. When it comes to betting on your favorite NY-based squads, it’s important to do your due diligence to ensure your bets are well-researched and unbiased. Our how to bet guides are a good place to start. You can also find updated odds for each team below.
New York sports betting law particulars
New York sports betting law traces back to SB 5883, enacted in 2013, which authorized sports wagering at four upstate commercial casinos. The state Gaming Commission created a regulatory framework for the operation of sports wagering games following the Supreme Court's decision to end the federal prohibition. New York and its 20 million-plus residents gained legal access to online sports betting in January 2023.
Here's a closer look at pertinent details concerning New York sports betting:
- Eight online sports betting licenses have been issued, with the potential for more.
- The New York State Gaming Commission regulates New York sports betting, including online and land-based wagering.
- Mobile and online sportsbooks are subject to a 51% tax rate on gross gaming revenue, whereas land-based sports betting is taxed at 10%.
- Only individuals at least 21 years of age can place a sports wager.
- The law prohibits betting on college sports that take place within the state of New York or involve a New York-based team.
Overall, NY sports betting law permits sports betting at designated locations and through licensed online platforms, with regulation by the state gaming commission and measures in place to promote responsible gambling.
Covers and credibility
We have had our finger on the pulse of the sports betting industry for more than 25 years. The sports betting revenue figures and statistics found here have been personally reviewed, verified, and fact-checked to ensure their validity.
News outlets turn to Covers for our earned reputation as a trusted and authoritative source of sports betting information. These are among the notable publications and media outlets that have referenced Covers.com and our industry experts.
More industry resources
As states continue to authorize legal sports betting — now 38 states plus DC, consult these informational websites for additional information on the sports betting industry:
- American Gaming Association (AGA): Organization dedicated to advancing the gambling industry's interests by promoting, educating, and advocating for responsible gambling.
- Professional and Amateur Sports Protection Act (PASPA): Supreme Court of the United States ruling.
- National Council on Problem Gambling: Those seeking help for a gambling problem can call 1-800-GAMBLER toll-free, 24/7.
Related sports betting revenue coverage
U.S. Sports Betting Revenue Tracker
Monthly Sports Betting Revenue by State: Arizona | Arkansas | Colorado | Connecticut | DC | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Missouri | Nevada | New Hampshire | New Jersey | New York | North Carolina | Ohio | Oregon | Pennsylvania | Rhode Island | Tennessee | Vermont | Virginia | West Virginia | Wyoming
Sports betting revenue tracker FAQ
The sports that generate the most sports betting revenue can vary depending on factors such as the sport's popularity, the betting market's size, and the timing and frequency of significant events. Football stands as the most popular sport for betting in the United States, with the NFL generating the highest revenue. The Super Bowl alone is one of the world's most-watched and bet-on sporting events. Basketball is also a popular sport for betting, particularly in the United States where the NBA lays claim to the top basketball league in the world.
Sports betting revenue varies greatly depending on the region, market, and size of the industry. However, in many jurisdictions, sports betting can generate significant revenue and contribute to the overall economy. Compared to other industries, sports betting revenue may not be as significant. For example, in 2020, the global video game industry was estimated to generate over $159 billion in revenue. Meanwhile, the global film industry was estimated to generate over $100 billion in revenue in 2020.
The popularity of select sports events cannot be overlooked, with the Super Bowl and World Cup among the largest betting events in the globe. Betting odds and lines also greatly impact the amount of revenue generated by sports betting. Other factors include technological advancements, including the live streaming of events.
The future of sports betting revenue hinges on additional markets legalizing sports betting, via mobile betting, land-based, or a combination of both. An uptick in legal U.S. markets will trigger increased revenues, while new bet trends including same game parlays and in-game wagering, unlocks more opportunities for customers.
Online sports betting has significantly impacted sports betting revenue, notably in states where it is legal and regulated. The rise of online sports betting has facilitated the customer experience, allowing people to place bets remotely or in-person from the event itself, leading to increased revenue for sportsbooks. Betting site operators can also reach a much larger audience and customer-base. Overall customer convenience plays a large part in driving up sports betting revenue.
Gross revenue represents the total amount of money a sportsbook takes in from all customer bets, and it includes the total value of all bets placed, regardless of whether the bets won or lost. In other words, gross revenue is the total amount of money a sportsbook earns from its customers. Net revenue, conversely, is the amount of money a sportsbook earns after deducting all its operating expenses. This includes things like salaries, rent, marketing expenses, and other costs associated with running the sportsbook. Net revenue is the profit a sportsbook makes from its operations.
Major sports events including the Super Bowl and World Cup have a significant impact on sports betting revenue. These events garner a lot of attention from fans, which leads to increased betting activity and higher revenue for sportsbooks. The Super Bowl alone is the largest single-day betting event on the sporting calendar, which generates millions of dollars in revenue for sportsbooks.
Pages related to this topic
