Consumers in New York wagered a record-breaking $2.64 billion on online sports bets in October, marking the highest monthly total since legal online betting began in the state.
The figure eclipsed the previous record of $2.49 billion set in January by 6%, according to data released by the New York State Gaming Commission.
It also represented a 13.3% increase from October 2024 and a 15.3% rise compared to September this year, reflecting the strong demand for online wagering as the NFL and college football seasons reached full swing.
Revenue Hits Five-Month High
In addition to the handle record, mobile sportsbook revenue in October reached $238.7 million — the state’s highest total in five months.
This marked a 35.4% jump from the same period last year and a 23.2% increase month-on-month.
October’s performance trails only two months in the state’s history: May 2025, which saw $248.9 million in revenue, and January 2025, which generated $247 million.
The overall hold — the percentage of money sportsbooks kept as profit — stood at 9.03% for the month.
FanDuel Becomes First to Surpass $1 Billion Monthly Handle
FanDuel once again dominated the market, setting an industry milestone by becoming the first operator in New York to exceed $1 billion in wagers in a single month.
The operator reported $100.6 million in revenue from a $1.01 billion handle, achieving a 10% hold rate.
Close behind, DraftKings recorded its own best-ever month in New York, with players staking $938 million.
The company earned $82.9 million in revenue from those wagers, reflecting a hold of 8.84%.
Fanatics Strengthens Position in Third Place
Fanatics Sportsbook maintained its position as the third-largest operator in New York.
It reported $18.7 million in revenue from a $205.7 million handle, resulting in a 9.09% hold rate.
BetMGM followed closely, posting $14.4 million in revenue from $187.5 million in wagers — a 7.68% hold.
Caesars Sportsbook came next, generating $13.2 million from $175.8 million in bets for a 7.51% hold.
Rush Street Interactive’s BetRivers platform posted $4.4 million in revenue off a $53 million handle, while ESPN Bet recorded $3.4 million from $60.3 million in wagers, producing a 5.64% hold.
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Industry Shake-Up Looms with ESPN Bet Exit
October may also be ESPN Bet’s final strong performance under its current name.
Penn Entertainment and ESPN recently confirmed they are ending their partnership, with ESPN Bet set to shut down in the coming weeks.
Penn will replace the brand with its theScore Bet platform in the U.S. by early December.
Elsewhere, Bally Bet earned $1.1 million from $16.6 million in wagers for a 6.63% hold, while Resorts World Bet remained at the bottom of the table with $229,357 in revenue from $2.8 million in bets, holding 8.33%.
The latest figures underline New York’s continued dominance in the U.S. online betting landscape, as the state cements its status as the largest regulated market in the country.