Sports betting establishments in New Jersey surpass $5 billion in cumulative earnings throughout their entire operation history.
Top Sports Betting Revenue States in the United States
In the world of sports betting, several states are generating impressive revenue figures, with New York and New Jersey leading the pack.
New York holds the number one spot, with monthly betting handles exceeding $2 billion and a staggering gross gaming revenue of approximately $250 million in May 2025. This makes New York the largest sports betting market by revenue and tax haul.
New Jersey remains a close second, consistently surpassing the $1 billion mark in betting handle. In May 2025 alone, the Garden State generated $122.2 million in sports betting revenue (January), $73.6 million (February), $71.3 million (March), $90.5 million (April), $102.5 million (May), and $91.9 million (June). As of now, New Jersey has the second highest all-time sports betting revenue among states in the United States, with a total of $5 billion.
Massachusetts is quickly catching up, with a significant increase in sports betting revenue. In May 2025, the state reported $80.7 million in taxable revenue, a substantial rise year-over-year and approaching New Jersey’s scale.
Pennsylvania, Ohio, and Colorado have lower betting handles but benefit from high sportsbook hold rates, supporting good revenue despite recent dips in betting volume.
North Carolina has expanded online sports betting and showed strong hold rates in 2025, placing it among states with competitive sportsbook revenues.
While complete rankings are not available, the known top sports betting revenue states as of mid-2025 predominantly include New York, New Jersey, Massachusetts, Pennsylvania, Ohio, Colorado, and North Carolina. Other states like Missouri and Texas are moving toward legalization and will likely impact future rankings. For a full top 10 ranking, states like Illinois, Indiana, and Michigan typically rank high historically, though specific 2025 data were not detailed in the results provided.
Arizona and Indiana also make the list, with Arizona holding the eighth position and Indiana the ninth, each generating over $2 billion in sports betting revenue.
Nevada, once the undisputed leader in sports betting, now holds the fifth position with a total of $2.9 billion.
Ohio and Illinois complete the top six, with Ohio generating $2.2 billion and Illinois $4.3 billion in sports betting revenue.
Eight other states with legal sports betting have also generated sports betting revenue, but their totals are not specified in the article.
In summary, the sports betting landscape in the United States is dynamic and competitive, with New York and New Jersey leading the charge. Massachusetts is quickly catching up, while Pennsylvania, Ohio, Colorado, and North Carolina also contribute significantly to the national revenue landscape. Arizona, Indiana, Nevada, Ohio, Illinois, and several other states are also key players in this growing industry.
Sports betting sites in the United States are seeing significant revenue in several states, with betting handles exceeding $2 billion in New York and $1 billion in New Jersey. Legal sports betting in Massachusetts is rapidly increasing, approaching the scale of New Jersey's revenue.
Arizona and Indiana, despite not being the top earners, have generated over $2 billion in sports betting revenue, highlighting their active participation in this competitive industry.
