The Empire State’s eight mobile sportsbooks generated $244.1 million in gross revenue from a $2.16-billion handle in April.
Online sports betting operators recorded one of their most profitable non-football months ever in the most lucrative U.S. state. New Yorkers keep the $2-billion handle streak alive.on Friday that the market’s eight mobile sportsbooks produced $244.1 million in gross revenue during April.
The Empire State recording $200 million in months with the NFL is fairly common but quite rare during the spring and summer. The $248.9 million from May 2025 ranks as the only non-football month with more profit since online wagering began in 2022. Operators hauled in over $50 million in gross revenue in each of the last four reported weeks, producing a 26.7% year-over-year profit from a $2.16-billion handle that was just 0.5% higher than April 2025.
Combined with the $217.3 million made during March Madness, online sportsbooks have generated $461.4 million inSportsbooks hammered bettors during a period that includes the Final Four and the beginning of the NBA and NHL playoffs, as well as the first full month of MLB and the Masters. The 11.3% hold is the highest produced in 2026 and up from last April’s 9% win rate.
It’s also the best operator hold since May 2025. produced a $2-billion handle for the eighth consecutive month and just barely surpassed last April’s $2.15 billion in wagers. New Yorkers have bet less than $2 billion in just three of the last 19 months. The state received a $124.5-million cut from the 51% tax rate on online sportsbooks. The year-to-date tax total surpassed $452 million, nearly 7% more than the first four months of 2025.
FanDuel destroyed bettors in April to the tune of a 12.5% hold, winning $101.2 million on an $811.1-million handle. It’s the second time this year that the online operator reached $100 million in gross revenue. DraftKings wasn’t far behind with a handle of $771.6 million, and the sportsbook held its own with a 10.5% win rate to take in $80.7 million in gross revenue. Fanatics produced a 9% hold on $262 million in wagers.
BetMGM had its most profitable month ever in New York, winning back $15.8 million on a $157.5-million handle, while Caesars’ 9.8% hold came on over $139 million in wagers. BetRivers enjoyed an 11.3% hold on a $41.8-million handle, and while theScore Bet generated $3.5 million more in wagers, the operator only won back 6.6%. Bally Bet held onto 8.3% of a $1.3-million handle.
New York online sportsbooks’ run of $50-million profit weeks came to an end in the week ending May 3. Operators produced $45.7 million in gross revenue, a 22.8% week-over-week decrease. The latest period’s handle of $493.6 million also dipped 7.8% from the previous week. FanDuel turned in a 12% hold on a $176.6-million handle during the week ending May 3.
No other operator was able to post a double-digit win rate. Brad has been covering sports betting and iGaming industry news for Covers since 2023. He writes about a wide range of topics, including sportsbook insights, proposed legislation, regulator decision-making, state revenue reports, and online sports betting launches. Brad reported heavily on North Carolina’s legal push for and creation of online sportsbooks, appearing on numerous Tar Heel State radio and TV news shows for his insights.
Before joining Covers, Brad spent over 15 years as a reporter and editor, covering college sports for newspapers and websites while also hosting a radio show for seven years. BetMGM Pays Over $700,000 for Thunder, Pistons Game 2 Spread BetsIf you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.
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