New York’s online sportsbooks broke every previous benchmark in October 2025, processing an unprecedented $2.64 billion in wagers, generating $238.7 million in gross gaming revenue, and contributing $121.8 million in taxes to the state.

The Empire State solidified its position as the undisputed leader of the U.S. sports betting market, driven by mobile activity, football season momentum, and the energy of October’s sports calendar.

The New York State Gaming Commission reported that online sportsbooks accepted $2,642,692,499 in bets in October 2025—an all-time monthly high, surpassing the previous record set in January by roughly $150 million. The milestone represents both sustained growth in the state’s mobile sector and a reflection of national betting trends gravitating toward high-frequency, app-based wagering.

Sportsbooks retained $238,745,749 in gross gaming revenue in October, representing a 9.03% hold rate, a healthy margin consistent with national averages but amplified by high turnover and balanced outcomes across football and baseball.

FanDuel took the lead with $1 billion in wagers in October, the rest of New York’s Online Sportsbooks continued to stabilize. Operators saw greater parity in win rates compared to early 2025, a sign of maturing risk management and market pricing efficiency. The month’s 9% hold also suggests disciplined bettor behavior with fewer large-payout anomalies, such as heavy underdog wins.