Record-breaking New York mobile sports betting income surpasses $1 billion for FanDuel
FanDuel Surpasses $1 Billion in Revenue in New York, Paying Hefty Taxes
FanDuel, a leading mobile sports wagering operator, has made history in New York by surpassing $1 billion in revenue. This impressive milestone comes after 73 weeks of reporting by the New York State Gaming Commission (NYSGC) since mobile wagering launched in January 2022.
New York's mobile sports betting market is currently the most lucrative in the United States, alongside New Jersey and Nevada. New York is the top state by total sports betting revenue, despite a recent monthly decline. FanDuel, a major player in this market, contributes significantly to this revenue, although the exact figures for its earnings are not publicly detailed.
The operator's revenue in New York is substantial, but it faces stiff competition. In June 2025, New York's mobile sports betting revenue reached around $206.5 million, marking a 17% drop from May but still 65.2% higher than June 2024. FanDuel is among the leading operators in the state and operates in 22 states across the country.
FanDuel's tax bill for the four full weeks of May is estimated to be over $36.1 million, a testament to the hefty taxes it pays on its gross revenue. In total, FanDuel's overall mobile tax bill in New York will surpass $500 million when May's numbers are released. This significant tax contribution accounts for more than 15% of the nearly $3.16 billion in state taxes raised nationwide during the post-PASPA era.
FanDuel's success in New York is largely attributed to being the first to market with single-game parlay wagering, which has firmly taken hold in the U.S. and is particularly popular during the NFL season. A notable percentage of FanDuel's handle originates from same-game parlays.
The operator has also achieved several impressive records. FanDuel has a 67-week streak in which it has finished each week with positive gross gaming revenue. It holds the highest all-time weekly win rate among operators and has 13 of the 14 all-time occurrences when an operator cleared $20 million in gross revenue, with eight instances happening this year.
Moreover, FanDuel's $36.2 million paid in April would have ranked first nationally if separated from the rest of New York. New York also lays claim to 13 of the 16 occasions when monthly gross operator revenue topped $100 million. The highest weekly gross gaming revenue for FanDuel was $26.6 million, achieved on January 22, 2023.
In summary, FanDuel's substantial revenue in New York, despite facing tough competition, has contributed significantly to New York's position as the top state by total sports betting revenue in the U.S. The operator's tax payments to the state of New York are also substantial, making up a significant portion of the taxes raised nationwide during the post-PASPA era.
FanDuel's success in New York's sports betting market is evident, with a significant portion of its handle coming from popular wagers like single-game parlays. The operator's tax payments on its revenue, estimated to surpass $500 million, account for over 15% of the nationwide taxes raised during the post-PASPA era.
