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New York wrapped up its 2024/25 fiscal year with a strong performance in sports betting, reporting a total handle of $23.94 billion, according to data from the New York State Gaming Commission (NYGC). March alone contributed $2.44 billion, the second-highest monthly figure of the year, likely fueled by March Madness activity.
January topped the fiscal year with $2.48 billion in handle, just ahead of March’s number. The March figure also reflected a 14.9% increase compared to the same month last year, highlighting continued growth in the state’s betting market.
Gross gaming revenue (GGR) for March reached $161.8 million, though this represented a 3.1% drop from March 2024 and a 13.3% decline from February’s numbers.
DraftKings led the monthly GGR charts, generating $62.6 million from $912.1 million in wagers. FanDuel followed closely with $59.45 million in GGR from an $862.2 million handle. Compared to March last year, FanDuel’s GGR dipped from $82.9 million, while DraftKings’ grew by 18.9%, signaling a shift in momentum between the two top operators.
For the full fiscal year, New York’s sports betting handle rose 21.9% from the previous year’s $19.64 billion, setting a new record for the largest annual handle by any U.S. state. Total state GGR also increased, reaching $2.14 billion—up 15.4% year-over-year.
Over the course of the year, FanDuel maintained the top spot in total handle, processing $9.2 billion in bets, which was $1 billion more than the previous fiscal year. The operator’s GGR for the year totaled $969.8 million, up 12.5% year-over-year.
DraftKings was close behind with $8.6 billion in total wagers—up $1.5 billion from the prior year—and posted $727.9 million in GGR, a 15.6% jump year-over-year.