$/€ Record-Breaking Month: New Yorkers Wager Nearly $2.5 Billion in January
Lina Almans
12 February 2025
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New York’s regulated online sports betting market set a new all-time high in January, with total wagers reaching $2.48 billion. According to iGaming Business, this figure surpassed the previous state record, set in October 2024, by nearly 7%.
Compared to January 2024, the state’s total betting handle grew by 25.9% last month.
This surge also led to a record-breaking gross gaming revenue (GGR*) for operators in the state, hitting $247 million. The previous high of $231.6 million, recorded in November 2024, was 6.7% lower. Year-over-year, New York bookmakers saw a 16.7% increase in GGR compared to January 2024.
The top five operators by market share for January 2025:
| Operator | Total Handle | Gross Gaming Revenue (GGR) |
| FanDuel | $965.1M | $111.3M |
| DraftKings | $837.9M | $82.0M |
| Caesars | $163.2M | $15.8M |
| Fanatics | $194.1M | $15.1M |
| BetMGM | $194.8M | $14.8M |
*GGR is a financial metric used to measure gross earnings, calculated by subtracting total winnings from total bets.
