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New York’s mobile sportsbooks got off to a strong start in the new fiscal year, with April bringing in $192.7 million in gross revenue. The month marked a 4.8% rise from April 2024 and ranked as the second-highest total of 2025 so far, trailing only January.
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The 8.9% win rate was lower than the 9.3% posted in April last year, and it also ranked as the second-lowest monthly hold of 2025. Still, the result was a clear improvement over March. That month was hit by low upsets during the NCAA tournament, which led to more player wins and less sportsbook profit.
In contrast, April included events like the NFL Draft and the start of the NBA and NHL Playoffs—factors that helped balance the books. Revenue in April rose 19% from March’s $161.8 million, which had been the fifth-lowest figure in the previous fiscal cycle.
FanDuel led the way with an $822.5 million handle and $84.8 million in gross revenue, up from $62.6 million the month before. It was the operator’s sixth time in seven months passing the $800 million handle mark.
DraftKings followed with a $727.3 million handle and $66.8 million in revenue. Its 9.2% hold edged out FanDuel’s and helped generate $7.4 million more than March.
Fanatics Sportsbook came in third in total bets, handling $175.6 million and producing $12.5 million in revenue, though it saw a slight dip from the prior month. BetMGM and Caesars also posted over $150 million each in wagers, but both fell short of an 8% hold.
ESPN BET jumped past BetRivers into the sixth spot with $56 million in handle. That total marked its second-highest since launching in late September 2024.
Thanks to the 51% tax rate on mobile betting revenue, New York collected $98.3 million in April, up from $82.5 million in March. That sharp increase in tax revenue shows how even small gains in operator hold can translate into major returns for the state.