New York retained its position as the largest sports betting market in the country, generating $23.9bn in revenue for 2024. Illinois surpassed New Jersey to become the second-largest market, but both states exceeded $1 billion in annual sports betting revenue for the first time.

New York sportsbooks won a net $176.4 million off the record October handle, a nearly 14% decrease from September’s $204.7 million win. October featured deep playoff runs by the New York Yankees and New York Mets, as well as the start of the NBA and NHL seasons.

According to the State of New York, state revenues from lottery sales and taxes on gaming increased by 69.5% over the past decade, growing from $2.8 billion to $4.8 billion. In the most recent fiscal year, those revenues comprised 3.6% of total state operating funds spending.