Record-Breaking Sports Betting Figures Revealed by New York for November
Taking a look at New York's sports betting landscape, it's clear that excitement and adrenaline are in the air. Just last month, enthusiastic bettors cast a whopping $2.26 billion on their favorite sports, according to Michael Savio's latest investigations.
Key Players in the NY Sports Betting Game
In the battle for dominance, FanDuel is reigning supreme with an impressive handle of $213 million. Keep your eye on this market leader, as they consistently prove to be a force to be reckoned with.
Delving deeper into the numbers, it's worth noting that the week surrounding Thanksgiving 2024 saw a mind-blowing handle of $592.9 million. Talk about a festive flurry of bets!
Michael Savio is your go-to expert when it comes to the U.S. online casino scene. With a keen eye for industry news and a talent for insightful reviews, his articles will keep you updated and informed on the latest happenings. Be sure to check out his latest work at casinos.com!
Keeping You in the Loop
Stay tuned for more revelations from Michael Savio. In need of more juicy details? Dive into our enrichment data and discover even more about the booming NY sports betting market.
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Enrichment Data: Unveiling the Recognizable Face Behind the Numbers and the Expanding Market
Searching for accurate insights into the world of sports betting? Look no further than Michael Savio, the trusted insider behind the impressive numbers we've seen. From online casino reviews to the latest industry updates, Michael's in-depth knowledge and analyses have made him a leading authority in the field.
(Overall Betting Volume and Handle)- In April 2025, record-breaking betting volumes reached $2.15 billion, marking an increase of 9.1% over previous months [1][2].- Despite a slight dip from its record-breaking high of $2.44 billion in March [4][5], the handle nevertheless demonstrated significant growth compared to previous periods.- Over the entire fiscal year 2024-25, the online sports betting handle in New York ballooned to a staggering $23.94 billion, a 21.9% increase over the previous fiscal year and the highest annual handle for any U.S. state [5].- Boasting a 21.6% rise in gross gaming revenue (GGR) to $2.14 billion [5], the industry is clearly thriving.
(Operator Handles and Revenue)- FanDuel commands a commanding presence, boasting an enormous $9.2 billion in handle and $969.8 million in revenue across the fiscal year, posting a 10.54% hold [5].- DraftKings follows closely on FanDuel's heels, with $8.6 billion in handle and $727.9 million in revenue (8.46% hold) [5].- Caesars takes the third spot with $1.45 billion in wagers and $131.4 million in revenue (9.09% hold) [5].- Keep tabs on other prominent players such as BetMGM ($1.71 billion handle, $121.4 million revenue), Fanatics ($1.61 billion handle, $120.2 million revenue), and Rush Street Interactive ($582.7 million handle, $39.9 million revenue) [5].
(Recent Trends and Challenges)- Unsurprisingly, the high volumes of betting handle have resulted in robust revenues. Despite the occasional weekly decline in revenue — 54.8% compared to the same week in 2024, largely due to single-digit hold rates and shifts between major sports seasons — the industry continues to thrive [3].- During the period of decline, the weekly betting handle reached $462.1 million, generating modest but steady profits of $27 million for nine mobile sportsbooks [3].- Despite a slight dip in revenue, FanDuel's weekly revenue dipped by $10 million in late April [3], while ESPN BET stood out as the only operator to see a week-over-week revenue increase during the same period [3].
The takeaway? New York's sports betting industry remains a powerhouse, even as trends ebb and flow. With market leaders like FanDuel and DraftKings at the helm and steadily growing annual revenues, the industry's growth prospects remain undeniably promising.
In the broader gambling landscape, not only sports betting but also online casinos are thriving, with New York's scene being a prime example. Detailed investigations by Michael Savio, a leading expert on the U.S. online casino scene, have shown that the expansion of sports betting goes beyond numbers and operators like FanDuel, but also includes other notable players such as DraftKings, BetMGM, Fanatics, Caesars, and Rush Street Interactive.
