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Market Share of Top Sportsbook Apps in New York

Will the $4 Billion Revenue Milestone in New York Sportsbooks Trigger a Similar Appetite in Other US States?

New York sportsbooks have surpassed $4 billion in revenue, becoming the first state to achieve this milestone in the post-PASPA era. This achievement comes after the New York State Gaming Commission reported $134.2 million in operator winnings for June. Despite trailing New Jersey in handle by $4.84 billion (as per NJ.bet‘s data), New York’s sportsbook apps, with a total of $46.87 billion in wagers, boast an all-time hold of 8.8%, compared to New Jersey’s 7.5%.

June’s revenue marked a 29.1% increase from last year, with a $1.48 billion handle, up 26.2%. The 9.1% hold for June brought $68.3 million in state taxes. New York also crossed $1 billion in sports betting revenue for the calendar year, with mobile operators contributing over $500 million in tax revenue for 2024.

Former Governor Andrew Cuomo projected $500 million in tax revenue from mobile sports betting annually, while current Governor Kathy Hochul’s projections for Fiscal Year 2025 stand at $860 million. The state has already collected $265.7 million in the first three months of FY 2025.

If this success in New York sets a precedent, it could inspire other states to pursue similar revenue milestones and potentially lead to a nationwide domino effect in the online sports betting industry.

TOP New York Online Sportsbook Apps Based on Market Share and User Ratings – 2024

Sportsbook AppMarket Share (%)iOS RatingAndroid Rating
FanDuel474.84.6
DraftKings264.74.5
Caesars164.64.4
BetMGM84.64.5
BetRivers34.54.4
sportsbooks in New York market sahre and popularity

New York’s sportsbooks have seen significant growth since the legalization of mobile sports betting in January 2022. As of now, New York sports books have surpassed $4 billion in total revenue, with FanDuel holding the largest market share at 47%, followed by DraftKings with 26%, and Caesars with 16%.

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