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New York Reports Third Most Profitable Week of Sports Betting

Robert Linnehan

By Robert Linnehan in Sports Betting News

Published:


NHL: Philadelphia Flyers at New York Rangers
Jan 23, 2025; New York, New York, USA; New York Rangers left wing Will Cuylle (50) and New York Rangers center Filip Chytil (72) celebrate the goal by New York Rangers right wing Reilly Smith (91) against the Philadelphia Flyers during the third period at Madison Square Garden. Mandatory Credit: Dennis Schneidler-Imagn Images
  • The New York State Gaming Commission reported $68,297,789 in gross gaming revenue for the week ending Jan. 19
  • It was the third most profitable week of sports betting in the state’s history
  • New York sports bettors wagered $593,664,087 in total handle for the week

New York online sports betting is off to a roaring start in the new year.

The New York State Gaming Commission reported more than $593 million in total handle for the week ending Jan. 19. It also reported more than $68.2 million in gross gaming revenue, the third most profitable week of New York sports betting since the state’s launch in January 2022.

It was the second straight week the state reported more than $60 million in profits.

New York Sports Betting Dominating 2025

After having a record setting year in 2024, New York’s sports betting market it off to another hot start in 2025. The New York State Gaming Commission reported more than $168.4 million in gross gaming revenue across the first three weeks of 2025, notching nearly $86 million in tax revenues so far.

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.

The commission reported $593,664,087 in online sports betting handle for the week ending Jan. 19, with operators totaling more than $68,297,789 in gross gaming revenue.

Here are the handle breakdowns for the nine sportsbooks for the week ending Jan. 19::

Here are the total handles for the nine sportsbooks since New York’s Jan. 8, 2022 launch. FanDuel is the only operator in the state to eclipse $24 billion in total handle so far.

  • FanDuel: $24,064,937,154
  • DraftKings: $19,971,340,977
  • Caesars: $6,894,629,561
  • BetMGM: $4,311,176,955
  • BetRivers: $1,666,380,272
  • Fanatics Sportsbook: $2,095,927,573
  • Resorts World: $222,999,955
  • Bally Bet: $145,587,867
  • ESPN BET: $167,352,348

NY Sports Betting Revenues

For the week of Jan. 19, the nine sportsbooks reported a total of $68,297,789 in gross gaming revenue. At New York’s 51% online sports betting tax rate, this resulted in $34,831,872 million in tax revenue.

Here are the total gross gaming revenues for the week:

  • FanDuel: $30,050,984
  • DraftKings: $21,855,073
  • Fanatics Sportsbook: $5,550,960
  • BetMGM: $4,758,494
  • Caesars Sportsbook: $4,074,324
  • BetRivers: $867,328
  • ESPN BET: $686,676
  • Bally Bet: $262,796
  • Resorts World: $108,517

Here are the total gross gaming revenues since the Jan. 8, 2022 launch:

  • FanDuel: $2,510,031,498
  • DraftKings: $1,689,617,930
  • Caesars Sportsbook: $501,276,048
  • BetMGM: $285,678,950
  • Fanatics Sportsbook: $147,859,683
  • BetRivers: $101,924,303
  • Resorts World: $14,817,899
  • ESPN BET: $9,827,067
  • Bally Bet: $8,936,212
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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