The Empire State’s sports activities betting market shattered expectations in October 2025, setting a brand new nationwide benchmark for on-line wagering. Based on knowledge from the New York State Gaming Fee, bettors staked an unprecedented $2.64 billion on sports activities — the best month-to-month deal with ever recorded within the U.S.
The milestone marked a 13% year-over-year enhance and surpassed the earlier document of $2.49 billion, set in January. Fueled by a packed sports activities calendar that included NFL and faculty soccer, the MLB playoffs, and the beginning of each the NBA and NHL seasons, October’s surge pushed the state’s cumulative cell deal with to its 14th month above the $2 billion threshold.
Document Month for Operators
The eight licensed cell sportsbooks working in New York collectively earned $238.7 million in gross gaming income, up 35% from October 2024. The industry-wide 9% maintain fee — greater than final yr’s 7.6% — made October the state’s third-most worthwhile month since cell betting launched in January 2022.
Tax income adopted go well with, with operators contributing $121.8 million at New York’s 51% fee, bringing 2025’s whole to a document $1.05 billion — already exceeding final yr’s full-year determine with two months nonetheless remaining.
Market chief FanDuel broke new floor by turning into the primary cell sportsbook in New York historical past to take greater than $1 billion in bets in a single month. The Flutter Leisure-owned operator’s deal with reached $1.01 billion, simply edging previous the milestone, whereas producing $100.6 million in income — a 30% enhance year-over-year with a ten% maintain fee.
Based on InGame, FanDuel’s October deal with gave it 38.1% market share, up from 34.5% in September, although barely beneath its share in October 2024. It was the fourth time in 12 months that FanDuel’s New York income surpassed 9 figures.
DraftKings, Fanatics, and BetMGM Drive Progress
DraftKings practically matched its high rival, posting a document $938 million deal with and $82.9 million in income, up 40.8% year-over-year. The Boston-based operator maintained a robust 35.5% market share and achieved an 8.8% maintain, its greatest outcome since Might.
Fanatics Sportsbook continued its upward pattern with $205.7 million wagered and $18.7 million in income — a 50.8% annual enhance — on the energy of a 9.1% win fee.
BetMGM reclaimed a 7% deal with share for the primary time since July, accepting $187.5 million in wagers. Its $14.4 million income, up greater than 50% year-on-year, mirrored a 7.7% maintain. Caesars Sportsbook intently adopted with $175.8 million deal with and $13.2 million income, marking a 21% rise from final yr.
In the meantime, BetRivers recorded its strongest month since late 2023, producing $4.4 million in winnings from a $53 million deal with at an 8.3% maintain.
ESPN Wager, operated by Penn Leisure, posted a private greatest $60.3 million deal with in October however captured solely 2.3% of the market. Regardless of a 47% enhance in wagering, a sub-6% maintain restricted income to $3.4 million.
Simply days after the October knowledge launch, Penn Leisure and ESPN introduced the early termination of their $2 billion partnership, paving the way in which for Penn’s transition again to theScore Wager in December. ESPN Wager exits New York with out ever reaching a 3% market share or producing $50 million in whole income.
The week ending November 2 delivered the best weekly deal with in state historical past — $661.6 million — pushed by 5 World Sequence video games and a full slate of NFL matchups. Operators posted $75.9 million in gross income for the week, led by FanDuel, which generated practically 45% of statewide earnings with a 13% maintain.
DraftKings additionally noticed a robust efficiency, gathering $25.8 million in income from $236.3 million in wagers — a 67% enhance over the prior week.
Since cell sports activities betting went stay in January 2022, New York operators have now generated greater than $7.1 billion in cumulative income, solidifying the Empire State’s place as probably the most profitable sports activities betting market in america.
