New York has witnessed over $200 million in betting revenue back-to-back in May and June 2025. May’s revenue marked a new record high for gross gaming revenue (GGR), while June set a new state win rate record.
This wouldn’t be the first time New York’s betting scene has made headlines. Since the state legalized online betting in 2022, it has grown to become one of the largest markets in the US, accumulating over $6.5 billion in gross gaming revenue (GGR) from virtual betting. Here’s what you need to know about the historic surge over the past two months.
New GGR record numbers for May
New York’s online sports betting revenue figures started their ascent to record numbers in May when the state’s online betting gross gaming revenue (GGR) hit $248.9 million. This number represented a 0.8% increase over the previous revenue high in January 2025 ($247 million).
Although May ushered in record-breaking revenue figures, NY handle for that month fell by 10.8% from the $2.48 billion made in January, down to $2.21 billion. However, there was also a 12.1% year-on-year increase in handle from the $1.97 billion recorded in May 2024.
Net revenue directed to education also received a significant bump in May. Per a report from the New York State Gaming Commission, $126.9 million was transferred to the state’s education fund, up by 22.4% from the previous month.
The state’s win rate reaches 12.5% for the first time ever in June
June followed in the footsteps of May’s success, with online betting brands witnessing $206.5 million in revenue from a handle of $1.65 billion. So for the second month in a row, New York exceeded the $200 million revenue mark.
So far, June’s handle is the lowest of 2025. Despite that, it passed the $200 million mark in revenue, achieving a win rate of 12.5% that beats the previous record of 11.5% set in August and September 2022. June’s revenue numbers also represent a year-on-year increase of 54%.
Why New York online betting sites are on an upward trajectory
This historic revenue surge over these two months will have no doubt benefited from the many popular sports events that took place within that timeline, such as the NHL and NBA playoffs, alongside high-profile Club World Cup matches.
Regardless, the online betting scene in New York has been growing steadily. The nine sportsbooks available to NY bettors are really pulling their weight in terms of sports coverage, competitive odds, and promotions. So, if you’re on the lookout for a site to start betting with, you have multiple solid options. SportyTrader’s list of the best welcome bonuses in New York is one way to pick the perfect site to start betting with. You can discover what bonuses NY sportsbooks are offering and get insight into other site features through SportyTrader’s comprehensive reviews.
Another reason online betting is becoming even more widespread in New York is its convenience. Most brands have Android and iOS applications that let you place wagers, claim bonuses, and withdraw winnings wherever and whenever you like. As such, it’s no surprise NY online gambling sites have become red-hot among new and seasoned bettors.
The revenue highs associated with the NY online betting market aren’t coincidental. It’s a tell-tale sign of where the sector is heading. With NY virtual sportsbooks hosting generous bonuses and mobile-optimized websites, revenue figures and betting handles are likely to remain on an upward trajectory.
