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The sports betting industry in New York ended 2024 strongly. The week ending December 29 saw $61.5 million in revenue from the state’s nine online sportsbooks, which was the second-highest weekly total for the football season.
The New York Gaming Commission reported an 80.9% increase in revenue during the holiday week compared to the prior week. New York crossed the $500 million milestone for the fourth time in five weeks, despite a modest decline in the overall handle to $519.8 million. Nearly 20 college football bowl games and the NFL’s Week 17, which featured contests on Christmas Day, were important motivators.
The 11.8% hold during the period nearly doubled from the prior week, reaching the highest percentage since mid-September, when sportsbooks posted $69 million in revenue on a 14.4% hold.
FanDuel emerged as the top earner during the week, achieving a 14.1% hold and generating $30.2 million in revenue—a 93.6% jump from the previous week. Its handle increased by nearly 4%, reaching $213.5 million, marking its largest handle since mid-November.
DraftKings secured the second spot with a $165.6 million handle and $18.1 million in revenue, up by almost $8 million week-over-week. This marked its best revenue performance in the past five weeks.
Fanatics Sportsbook had an impressive showing, climbing to third place with a $43.5 million handle and $4.5 million in revenue—a staggering 683% week-over-week growth. BetMGM followed closely with $37.5 million in wagers.
Caesars recorded a $36.5 million handle, finishing fifth. BetRivers surpassed ESPN BET with a $10.1 million handle, while ESPN BET saw profits rise 408% week-over-week despite a lower handle of $8.9 million.
Even smaller players like Bally Bet and Resorts World Bet reported increased revenue, highlighting a strong holiday season across the board.
New York’s sportsbooks closed the year with a powerful performance, setting the stage for continued growth in 2025.