Despite a slight decline in overall transaction volume, New York's online sports betting recorded a record total gaming revenue (GGR) in May 2025, reaching $248.9 million, surpassing the previous high of $247 million set in January this year, achieving a 0.8% month-on-month growth.
According to the latest data released by the New York State Gaming Commission, the total transaction volume for online sports betting in May was $22.1 billion, down 10.8% from $24.8 billion in January, but still a 12.1% increase from $19.7 billion in the same period last year. In terms of revenue, May 2025's GGR saw a significant increase of 22.4% from $203.3 million in the same period in 2024, indicating a noticeable rise in operator win rates.
Educational grants also grew accordingly. The amount allocated from gaming revenue to the state education fund in the month reached $126.9 million, with a year-on-year growth of 22.4%, reflecting the increasingly important role of gaming revenue in supporting public services.
Since the launch of mobile sports betting in New York in January 2022, the state has accumulated over $6.5 billion in total gaming revenue, with more than $3.2 billion directed towards educational funds.
In terms of operator platforms, the total revenue for providers in May reached $122 million, up from $94.4 million in April, an increase of nearly $28 million. This performance continues the growth trend since April, when the GGR was $192.7 million, a year-on-year increase of 4.8%, and transaction volume grew by 9.6%.
In terms of operator landscape, FanDuel and DraftKings continue to dominate the market, holding the largest shares in total revenue and transaction volume.
However, against the backdrop of ongoing expansion in betting, regulatory scrutiny is also advancing in tandem. In April this year, state legislators proposed further restrictions on deposit limits and credit card usage for online betting accounts, which are still under consideration. This means that although the New York betting market is performing strongly, its future development still needs to find a balance between growth and regulation.
