New York’s online sports betting market closed 2025 on a historic note, topping $200 million in revenue for the third month in a row. December proved especially strong, with NY online sports betting reporting gross gaming revenue of $259.7 million, marking a 72.7% increase from the same month last year. This was the largest year-over-year gain of any month in 2025 and the second-highest monthly total ever, behind only November’s record of $280.6 million.
Wagers in December totaled $2.38 billion, a modest 4.44% increase from the prior year. The combination of a rising handle, stronger hold, and sustained player demand helped NY online sports betting finish the year on a high note. The giant leaders in the industry, FanDuel and DraftKings,s did not give up their positions as they took a slice of $120.1 million and $84 million respectively, which was the total of the gross gaming revenue for the month.
The drama of three consecutive months over $200 million has been the longest play shown by the state along the historical timeline of its gambling scene. The early signs of January already indicate the continuation of the trend, with NY online sports betting making more than $70 million in the first week alone. The major events like the College Football Playoff and the end of the NFL regular season acted as a strong boost to the betting activity, and thus player engagement remained at its high during the first week of the year.
New York’s sports betting tax model has continued to deliver significant returns for the state. The 51% tax rate on gross gaming revenue has generated nearly $4 billion for education funding since the launch of NY online sports betting. This level of tax revenue far exceeds collections in other legal betting markets nationwide, showing the financial impact of the state’s structured approach.
In the near future, the Super Bowl is the event that will cause another flood of betting activity to be associated with it. After that, the focus will be on the NBA season and March Madness as the main times for player involvement. Analysts suggest that NY online sports betting in January points to another strong year, maintaining its position near the top of the national sportsbook landscape.
The consistency of high revenue months and strong player engagement shows that NY online sports betting has matured quickly. With major operators continuing to lead and a clear tax benefit for the state, 2026 looks poised to continue the record-setting trend seen at the end of 2025, according to the New York State Gaming Commission.
The New York State Gaming Commission says that the combination of rising handle, stronger hold, and major sports events is driving record gross gaming revenue for NY online sports betting. Analysts expect this momentum to carry throughout the year as player demand remains high.
