New York’s mobile sports betting market achieved a new milestone in April 2025, surpassing $2 billion in monthly handle for the first time in April. With a total handle of $2.15 billion, the market demonstrated robust year-over-year growth and resilience following March challenges.
New York Mobile Sports Betting Performance in April 2025
Handle and Revenue Growth
The New York Gaming Commission reported that the April handle reached $2.15 billion, a 9.6% increase compared to April 2024. This marked the seventh out of the last eight months when the handle surpassed $2 billion. Though lower than March 2025’s $2.44 billion, April’s performance still underscored strong market trends.
Gross gaming revenue (GGR) for April stood at $192.7 million, a 4.8% year-over-year increase. April’s hold percentage was noted at 8.9%, slightly lower than April 2024’s 9.3% but reflective of steady growth in operator profitability.
Comparison to Previous Month
Despite a lower handle than March, April’s revenue increased by 19.1% compared to the previous month. This rebound was driven by key sporting events such as the NFL Draft, NBA Playoffs, and NHL Playoffs, boosting betting activity across major operators.
Performance of Key Operators
Market Leaders in April
- FanDuel: FanDuel again led the market with a handle of $822.5 million, generating $84.8 million in revenue, a significant jump from its March revenue of $62.6 million. April marked the sixth time in seven months that FanDuel’s handle exceeded $800 million.
- DraftKings: DraftKings ranked second, reporting a handle of $727.3 million and revenue of $66.8 million, with a 9.2% hold rate. Compared to March, this represented a $7.4 million increase in revenue.
Weekly Trends in May
The first weeks of May 2025 revealed significant weekly activity. FanDuel maintained its leadership, recording $26.2 million in weekly revenue from a $180.6 million handle. DraftKings followed with a weekly handle of $163.9 million, though it saw a decline in gross revenue by nearly $5 million. Caesars was the only other operator besides FanDuel to achieve a week-over-week profit increase.
Trends and Market Significance
April 2025 stands out as the strongest April on record for New York’s online sports betting market, reflecting the continued resilience and growth of the industry. Exceeding $2 billion in handle during an off-peak sports season highlights the strength of the market and the increasing popularity of mobile sports betting.
As operators continue to leverage major sports events and promotional strategies, the New York market is poised for further success in 2025, with ongoing potential for record-breaking performance.
Conclusion
April 2025’s performance underscores the resilience and growth potential of New York’s mobile sports betting market. With a $2.15 billion handle, growing revenues, and key operators maintaining robust activity, the state is setting benchmarks for other jurisdictions to follow. As the year progresses, the market’s trajectory will be pivotal in shaping the broader landscape of U.S. sports betting.
