New York sports betting operators are experiencing an unprecedented run of revenue success, highlighted by their biggest week ever in the Empire State.
Key Takeaways
- Early December produces a massive win rate.
- The new revenue record surpassed a mark set in early November.
- FanDuel generated its highest profit week ever.
The New York Gaming Commission reported on Thursday the eight online sportsbooks hauled in a record $81 million in gross revenue during the week ending Dec. 7, surpassing the previous high mark of $75.8 million set during the week ending Nov. 2.
Revenue spiked 11.7% week-over-week, and profits surged over $60 million for the fifth time in six weeks. New York sportsbooks reached $2.37 billion in 2025 revenue, the highest ever produced in a single year by the U.S.' most lucrative sports betting market.
Operators dominated bettors behind an absurd 14.5% hold in the latest reported week. Sportsbooks have produced double-digit win rates every week since the end of October, leading to over $418 million in revenue during that span.
The record revenue came on a $559-million handle that dipped 12.3% compared to the previous week. However, the amount wagered during the week ending Dec. 7 extended a streak of $500-million handles to 16 consecutive weeks, encompassing the entire football season.
Compared to the same week in 2024, the handle was up 9.2%, while year-over-year revenue spiked a massive 120%.
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FanDuel sets new mark
The two biggest New York online sports betting operators both recorded massive win rates.
FanDuel saw a nearly $43-million drop in handle from the previous week of $246.9 million. However, the online operator still set the New York record for revenue in a single week, reaching $39.9 million, a nearly $10-million increase from the previous week, behind a whopping 16.2% hold.
DraftKings reported a 13% hold that led to $24.2 million in gross revenue from a $185.8-million handle. The two mobile sportsbooks together accounted for 79% of the Empire State’s operator profits.
Big week for BetMGM
BetMGM reported a massive week, reaching $60.9 million in wagers, the most ever for the online operator. The third-highest handle for the week led to $5.2 million, more than double the previous week’s haul.
Fanatics Sportsbook’s $45.6-million handle was fourth-highest for the week, but it was down $6 million from the previous week. A 10.2% hold produced the seventh consecutive week of at least $4 million in revenue. Caesars saw its handle drop by nearly $6.5 million from the previous week, but a 12% hold produced $4.5 million in revenue.
Brand changes, handle drops
In its first week since the brand change from ESPN BET to theScore Bet, the PENN Entertainment platform endured a 19.7% week-over-week handle decrease to $9.8 million, its first under $10 million this NFL season.
theScore Bet still produced a double-digit hold, reaching revenue of $992,715. BetRivers reported a double-digit hold from a $12.2-million handle, while Bally Bet had an 8.4% hold from a $2.6-million handle.
