Online gambling revenues in New York surged to $192 million during the month of April.
** rulings '25: New York's Top Mobile Sportsbooks Gamble their Way to the Top**
New York's mobile sportsbooks are on a roll, raking in a whopping $192.7 million in revenue for April '25. This staggering figure marks a 4.8% increase from the same month last year and places it as the second-highest total of 2025, trailing only January.
The success in April was a clear rebound from March's slump. Low upsets during the NCAA tournamentthat month left the sportsbooks reeling, with players winning big and the books losing big. But April, with its lineup of exciting events like the NFL Draft and the start of the NBA and NHL Playoffs, helped balance the books.
** April's Winning Streak **
The 8.9% win rate in April was lower than the 9.3% posted in April '24 but still an improvement over March. The NCAA tournament's unpredictable results had caused a dip in March, but April's more predictable outcomes helped boost the books' profits.
*** Insight***The 8.9% win rate was lower than the initial fiscal year, but it ranked as the second-lowest monthly hold rate of 2025. Despite this, the revenue was a clear improvement over March.
*** Top Performers ***
FanDuel topped the charts with an $822.5 million handle and $84.8 million in revenue. It was the operator's sixth time in seven months to hit the $800 million handle mark.
DraftKings followed closely behind, with a $727.3 million handle and $66.8 million in revenue. Both FanDuel and DraftKings posted strong year-over-year growth.
Other notable performers included Fanatics Sportsbook, BetMGM, and Caesars, each handling over $150 million in wagers, though they both fell short of an 8% hold.
*** Taxing the Win ***
Thanks to the 51% tax rate on mobile betting revenue, New York pocketed $98.3 million in April. This steep increase in tax revenue shows how even small gains in operator hold can translate into major returns for the state.
In conclusion, April was a month to remember for New York's mobile sportsbooks. With events like the NFL Draft and NBA Playoffs, they were able to rebound from the slump in March and set records for revenue. It's clear that New York's sports betting market is here to stay, with FanDuel and DraftKings leading the charge.
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Sources:- [1] New York State Gaming Commission, '25 Mobile Sports Betting Report (April)- [2] Gambling.com, New York Sports Betting Tax Revenue Explodes 45% in April- [3] Legal Sports Report, New York mobile sports betting sees $192.7 million in revenue in April 2025
** Further Reading:**- FanDuel - FanDuel Sportsbook Review - FanDuel Promo Codes: Top Bonuses and Offers- DraftKings - DraftKings Sportsbook Review - DraftKings Promo Codes: Top Bonuses and Offers
The success in sports-betting during April was largely due to exciting events like the NFL Draft and the start of the NBA and NHL Playoffs, contributing to a rebound from the slump in March. In finance, with the 51% tax rate on mobile betting revenue, New York pocketed $98.3 million, showcasing how small gains in operator hold can translate into major returns for the state.
