New York’s online sports betting market reached a significant milestone in August 2025. During that period, wagers reached $2.04 billion, a 41.9% increase compared to the same month in 2024.
The state gaming commission reported a total of $558,108,838 in online sports betting in New York and $66,640,027 in gross gaming revenue for the week ending August 31.
For the entire month, New York City took in $2,044,463,754 in revenue and $178,210,439 in gross gaming revenue. At the state’s 51 percent tax rate, New York took in $90,887,323 in taxes in August.
Despite these gains, the August retention rate was 8.72%, slightly below the double-digit numbers seen earlier in the year.
Brands that led the online sports betting market in New York
- FanDuel led the market with $66.9 million in revenue, with $561.9 million in wagers, achieving an 11.91% share.
- DraftKings came next, generating $62.3 million with $579.6 million in bets, for a 10.75% share.
- Meanwhile, Fanatics Sportsbook set a new monthly record of $565.8 million, contributing $16.1 million in revenue, although its retention rate was lower at 2.85%.
Other operators such as BetMGM, Caesars and ESPN Bet have also participated in the market, with varying degrees of success.
Notably, ESPN Bet’s integration of fantasy sports features was aimed at increasing user engagement.
Outlook for 2025
With the NFL season underway, New York’s online sports betting market is expected to maintain its robust performance. Additionally, the NBA season is also approaching, starting in late October.
With these two popular sports, high tax revenues drive the state’s growth. Meanwhile, the growing popularity of mobile betting further boosts the market.
New York will achieve another record year for online sports betting revenue if current trends continue. So far, there are no signs of significant regulatory changes that could impact the market’s trajectory.
Therefore, it is reasonable to predict that the online sports betting market in New York will remain strong until the end of 2025.
