New York Online Sports Betting Hits $2.64B in October 2025

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New York Online Sports Betting Hits $2.64B in October 2025

New York has set a new milestone in US online sportsbooks, reaching unprecedented betting volumes. October 2025 marked the Empire State’s highest monthly online sports betting handle. 

Consumers spent a total of $2.64 billion, surpassing the previous record of $2.49 billion set in January 2025.

New York Online Sports Betting: Key Numbers Behind the Record

The New York Gaming Commission reported on Thursday that $2.64 billion was wagered in October, fueled by the NFL, college football, the MLB playoffs, and the start of the NHL and NBA regular seasons.

This convergence of major sports pushed the monthly handle past the previous record of January 2025 by more than $150 million. One of the later weeks in October even produced the highest weekly handle on record at the time.

Overall, betting grew 13.3% compared with October 2024, while the monthly handle rose 15.4% from September 2025. FanDuel became the first mobile operator in New York to surpass $1 billion in wagers in a single month.

Online Sportsbooks Revenue Soars

New York online sportsbooks also generated $238.7 million in revenue for October, a 35.4% increase compared with October 2024 and 23.2% higher than September 2025. The statewide hold stood at 9.03%, reflecting strong operator margins.

The week ending Nov. 2 set a new weekly record for wagers, the second consecutive week of record-breaking activity. Bettors in the Empire State wagered $661.6 million, nearly $6 million above the previous week’s high. Five World Series games and Week 9 of the NFL season fueled the surge.

FanDuel led the market with $1.01 billion in bets and $100.6 million in revenue, posting a 10% hold. DraftKings followed with $938 million in bets and $82.9 million in revenue, holding 8.84%. Fanatics recorded $205.7 million in wagers and $18.7 million in revenue, for a 9.09% hold.

Other operators also contributed significantly. BetMGM generated $14.4 million from $187.5 million in bets, while Caesars earned $13.2 million from $175.8 million in wagers. Smaller operators including Rush Street Interactive, ESPN Bet, Bally Bet, and Resorts World Bet helped push New York to its record total.

Projections for Continued Growth

Experts predict New York online sportsbooks could continue their growth trajectory. Factors driving this trend include expanding sports coverage, aggressive marketing, and increasing consumer familiarity with mobile betting platforms. 

Analysts suggest that future records may be supported by major sporting events during the upcoming months.

However, regulators are closely monitoring the market, aiming to balance revenue growth with responsible gambling initiatives. Operator competition is expected to remain fierce, which could sustain higher handles and revenue. 

FanDuel and DraftKings are likely to remain market leaders, while emerging platforms may capture niche segments.

October’s record-setting figures highlight New York’s growing importance in the US online sportsbooks landscape. Industry observers now watch closely to see whether the state can maintain this momentum in the coming year.