New York’s sports betting market continues to thrive, with March 2025 figures showing a substantial increase in handle and revenue. The state’s sportsbooks are riding a wave of success, setting new records and demonstrating the growing popularity of online wagering.
Key Takeaways:
- New York sportsbooks handled $2.43 billion in March 2025, up 23.5% from February.
- DraftKings led the market with a $912.1 million handle, followed closely by FanDuel.
- The state’s sports betting handle has exceeded $2 billion in six out of seven months since September 2024.
March Madness Boosts New York’s Sports Betting Numbers
The Empire State’s sports betting industry continues to impress, with the New York State Gaming Commission reporting a handle of $2.43 billion for March 2025. This figure represents a 23.5% increase from the previous month, narrowly missing the all-time high of $2.48 billion set in January 2025.
DraftKings and FanDuel Dominate the Market
DraftKings emerged as the market leader in March, processing $912.1 million in bets and generating $62.5 million in gross gaming revenue (GGR). This performance marked DraftKings’ strongest month in the 2024/2025 fiscal year. FanDuel secured the second position with an $862.1 million handle, although its GGR of $59.4 million was the lowest since August 2024.
Overall Market Performance
While the handle showed significant growth, the mobile sports betting GGR experienced a 12.4% decline from February, totaling $161.8 million. This figure represents a substantial drop from the record $447 million achieved in January 2025.
Sustained Growth and Future Prospects
New York’s sports betting market has maintained impressive momentum throughout the 2024/2025 fiscal year. The monthly handle has consistently surpassed $1.2 billion, with six out of seven months since September 2024 exceeding the $2 billion mark.
The industry’s growth could potentially accelerate if proposed legislation allowing season-long prop bets gains approval. However, the bill’s progress through the legislature remains uncertain, with the current session set to conclude on June 12.
As the market evolves, both operators and affiliates in the online gambling space will be closely monitoring these developments. The continued success of New York’s sports betting industry serves as a benchmark for other states considering similar legislation and highlights the increasing integration of sports and betting in American culture.
