(AsiaGameHub) – New York online sportsbooks had one of their strongest spring performances since the launch of online betting, with April revenue significantly outpacing the growth in total wagers.
Good to Know
- New York online sportsbooks earned $244.1 million in revenue in April.
- Total betting handle hit $2.16 billion, a marginal 0.5% increase from April 2025.
- FanDuel led the market with $101.2 million in revenue from $811.1 million in wagers.
New York Sportsbooks Convert Modest Handle Growth into Strong Revenue Gains
Wagering activity in New York remained robust in April, but operators secured a significantly larger share of bets compared to the previous year.
The state’s eight mobile sportsbooks reported $244.1 million in gross revenue, according to the New York State Gaming Commission. Spring months typically fall short of $200 million in revenue without NFL action, making April one of the market’s strongest non-football months. Only May 2025, with $248.9 million, has recorded higher revenue outside football season since online betting began in 2022.
Total handle saw little change year over year. New York bettors placed $2.16 billion in wagers, just above the $2.15 billion from April 2025. However, revenue rose 26.7% compared to last year, as operators retained 11.3% of all bets—up from 9% in April 2025.
April capped off a strong two-month period. Online sportsbooks generated $217.3 million during March Madness and $244.1 million in April, totaling $461.4 million in revenue for March and April combined. That figure exceeds the same period last year by $106.9 million.
A packed sports calendar fueled betting volume, featuring the Final Four, the start of the NBA and NHL playoffs, a full month of MLB games, and the Masters. Operators also achieved over $50 million in gross revenue in each of the last four weeks of April.
FanDuel led the pack, posting $101.2 million in revenue from $811.1 million in wagers, aided by a 12.5% hold. This marked FanDuel’s second time surpassing $100 million in monthly gross revenue in New York during 2026.
DraftKings followed with $80.7 million in revenue from a $771.6 million handle. A 10.5% hold kept it competitive despite a lower win rate than FanDuel.
Fanatics Sportsbook collected $23.5 million from $262 million in wagers, achieving a 9% hold. BetMGM recorded its best month yet in New York, earning $15.8 million from a $157.5 million handle. Caesars added $13.7 million from over $139 million in bets.
BetRivers maintained an 11.3% hold on $41.8 million in wagers. TheScore Bet handled $3.5 million more than BetRivers but managed only a 6.6% hold. Bally Bet retained 8.3% of its $1.3 million handle.
New York also saw a substantial tax inflow. The state collected $124.5 million from its 51% online sportsbook tax in April. Year-to-date tax revenue reached $452 million, nearly 7% higher than the first four months of 2025.
Revenue momentum slowed after April. In the week ending May 3, sportsbooks earned $45.7 million, down 22.8% from the prior week. Handle dropped 7.8% to $493.6 million. FanDuel maintained a 12% hold on $176.6 million in bets, while no other operator achieved a double-digit win rate.
This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content.
AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.