New York just surpassed a new high for sports betting revenue, which illustrates the degree to which the market is expanding throughout the football season. State records reveal that online sportsbooks had their best week ever in early December, right after one of their best months in November.
The New York Gaming Commission reported that the eight online sports betting companies in the state earned a record 81 million euros in total income for the week that ended on December 7. This broke the old record of 75.8 million euros from early November. The money earned went up by almost 12 percent from the week before, showing how fast the market is still expanding.
This big week helped push New York’s total sports betting money for 2025 to about 2.37 billion euros. This is the most money ever earned in a US sports betting market in one year. Since late October, online sportsbooks have been winning a lot every week, bringing in over 418 million euros in that short time.
Even though the income hit a new high, the total amount of money bet that week went down a little. Still, this marked the 16th week in a row with more than 500 million euros bet. This long run has lasted through the entire football season. Compared to the same week last year, the total amount bet was up over 9 percent, and the income more than doubled.
FanDuel was the top company again and set a new record for itself. The company had its biggest profit week ever in New York, bringing in almost 40 million euros. This happened even though the total money bet with them dropped by about 43 million euros from the week before. A very high win rate of over 16 percent helped FanDuel reach this new level.
DraftKings also had a strong week and accounted for almost 79% of all New York sportsbook revenues. Their continued lead proves how powerful the two companies remain in the state.
BetMGM also did very well. It reported its highest weekly betting total ever at just over 60 million euros. This produced over five million euros in revenue, more than twice the amount earned the previous week. Though it was somewhat less than the week prior, it still generated over 4 million euros for seven straight weeks.
Caesars saw fewer bets but still earned about 4.5 million euros because it also had a good win rate. For the first time this football season, the bets for TheScore Bet, formerly known as ESPN BET, dropped below 10 million euros. Still, it raked in about one million euros. BetRivers and Bally Bet also reported steady results with positive win rates.
November was another record month for New York sports betting. Reports show that sportsbooks earned between 231 million and 280 million euros in income that month, depending on how the numbers were counted. November is among the busiest months of the year since players bet between 2.27 billion and 2.61 billion euros.
Once again, leading were DraftKings and FanDuel. With nearly 132 million euros in revenue from around 1 billion euros in bets, FanDuel established a new monthly record. DraftKings came next with revenues of around 89 million euros. Fanatics, Caesars, and BetMGM also recorded respectable monthly results, aided by the packed football and basketball calendar.
Thanksgiving week gave the market another boost. A considerable rise from the previous week, the one ending November 30 saw more than 637 million euros wagered throughout the state. With a high win percentage, online sportsbooks made more than 72 million euros that week, one of the highest weekly totals for the year.
High income also means a lot of tax money for the state. In November alone, New York collected about 143 million euros in taxes from sports betting. For the year, tax money has gone past 1.19 billion euros because of the state’s 51 percent tax rate on sportsbook income.
With major sports games still to come, experts in the industry expect the strong results to continue. While December can be hard to guess, New York’s sports betting market is still on track to end the year with record-breaking numbers.
