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New York Online Sports Betting Has Record Setting 2024

Robert Linnehan

By Robert Linnehan in Sports Betting News

Published:


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Jan 13, 2025; New York, New York, USA; New York Knicks forward Mikal Bridges (25) celebrates his three point shot against the Detroit Pistons during the second quarter at Madison Square Garden. Mandatory Credit: Brad Penner-Imagn Images
  • The final totals are in for 2024 New York online sports betting
  • New York online sports betting customers wagered more than $22.6 billion in 2024
  • New York took in more than $1 billion in online sports betting tax revenue for the year

The final New York online sports betting totals are in for 2024 and the Empire State experienced a record breaking year.

New Yorkers bet the most they ever had this past year since the state launched online sports betting in January 2022. New York online sports betting customers bet more than $22.6 billion, topping the previous high in 2023 of $19.1 billion.

The online sports betting market in the state has grown every single year in terms of handle, gross gaming revenues, and tax revenues.

New York Sets Several Records

The New York State Gaming Commission reported the final 2024 number this year. New York online sports bettors wagered $22,624,505,166, an 18.4% increase over the 2023 handle total of $19,103,521,572. It was the first time New York sports bettors wagered more than $20 billion in an entire calendar year.

Gross gaming revenues and tax revenues also followed suit, as the state experienced highs in both for 2024. The commission reported $2,044,005,840 in gross gaming revenues, an increase of 20.9% over the 2023 gross gaming revenue total of $1,689,883,800.

The most impressive total? New York took in more than $1 billion in sports betting tax revenue for the year, reporting $1,042,442,978 in tax revenues. The final total was nearly a 21% increase over the 2023 tax revenue total of $861,840,738.

To sum up the year New York online sports betting experienced: State bettors wagered the most in a single year of any U.S. state ever since the 2018 repeal of PASPA, New York took in the most gross gaming revenue in a single year for any state ever, and the state recorded the single most profitable year of online sports betting of any U.S. state ever.

Not too shabby.

So what can the state expect for an encore in 2025? It’s not unreasonable to expect another year of growth in the Empire State, considering New York sports bettors set a new single week handle record during the first week of 2025, with $600,838,016 wagered online.

FanDuel Tops All Operators in 2024

The New York State Gaming Commission releases handle and revenue reports for its nine live NY sports betting apps, Caesars Sportsbook, DraftKings Sportsbook, FanDuel, BetMGM, Fanatics Sportsbook, Bally Bet, Resorts World Bet, ESPN BET, and BetRivers, at the conclusion of each week.

FanDuel continued its dominance in the New York sports betting scene, topping all other operators in terms of total handle, gross gaming revenue, and tax revenues. DraftKings was close behind, but all other operators lagged severely behind the top two companies.

The state also welcomed two new sports betting operators in the new year, as Fanatics Sportsbook launched on Feb. 29, 2024, and ESPN BET launched in September.

Here are the handle breakdowns for the nine sportsbooks for 2024:

Here are the total gross gaming revenues for 2024:

  • FanDuel: $952,127,072
  • DraftKings: $704,835,967
  • Caesars Sportsbook: $131,102,018
  • BetMGM: $102,150,348
  • Fanatics Sportsbook: $84,955,042 (launched Feb. 29)
  • BetRivers: $40,120,013
  • ESPN BET: $8,144,829 (launched late September)
  • Bally Bet: $7,181,455
  • Resorts World: $6,750,935

Here are the total tax revenues for 2024:

  • FanDuel: $485,584,806
  • DraftKings: $359,466,343
  • Caesars Sportsbook: $66,862,029
  • BetMGM: $52,096,677
  • Fanatics Sportsbook: $43,327,071 (launched Feb. 29)
  • BetRivers: $20,461,206
  • ESPN BET: $4,153,862 (launched late September)
  • Bally Bet: $3,662,542
  • Resorts World: $3,442,976
Robert Linnehan
Robert Linnehan

Regulatory Writer and Editor

Rob covers all regulatory developments in online gambling. He specializes in US sports betting news along with casino regulation news as one of the most trusted sources in the country.

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