The New York State Gaming Commission reported $251.5 million in commercial sportsbook revenue for January, the third consecutive month winnings surpassed one quarter of a billion dollars.
The eight mobile and four brick-and-mortar operators also notched a collective double-digit hold for the third straight month, landing at 10.3%. The $2.45 billion handle for the opening month of the year was down 1.6% from 2025, while revenue was up 1.3%.
The state collected $127.9 million in receipts, which was $21.2 million lower than last year, because BetMGM remitted an additional $23.1 million in 2025 due to adjustments.
FanDuel continues to be a cut above
FanDuel topped mobile operators in revenue at $113.7 million, the fourth month in a row the digital behemoth reached nine figures. Its winnings, which accounted for 45.4% of the total $250.6 million in online revenue, were up 2.1% from 2025.
FanDuel’s 13% hold, up 1.5 percentage points from the previous January, helped offset a 9.3% decline in handle to $875.3 million.
DraftKings continues to run a distant second, as its January performance was down slightly compared to 2025. The $79.7 million in revenue represented a 2.8% downturn, though it was enough to push the all-time total above $2.5 billion.
It finished with a 9.7% hold against $818.3 million worth of wagers accepted, as action declined 2.3%. DraftKings failed to reach a 35% market-share handle for the second straight month, the first time that has happened since December 2024 and January 2025.
Fanatics pips BetMGM for No. 3 revenue spot
After solid growth in 2025, Fanatics’ challenge for 2026 is to maintain those elevated levels. It got off to a good start in New York, with $21.5 million in revenue, its second-highest total all-time and up 42.7% from the previous January. The $223.3 million handle represented an increase of 15.1%, leading to its market share increasing from 7.8% last year to 9.1% in January.
BetMGM had a sharper increase in handle; wagering rose 24.4% year-over-year to $242.4 million and was within shouting distance of a 10% market share. But its 5.5% win rate, the lowest of the eight mobile books by a large margin, contributed to a 9.8% decline in revenue to $13.4 million.
Caesars had a similar outcome in terms of betting performance. Its 7.2% win rate was down 2.5 percentage points from January 2025. That factored into its 26.9% downturn in revenue to $11.5 million.
TheScore again outperforms ESPN Bet
The second month of New York operations for theScore Bet was another positive one for the Penn Entertainment-branded sportsbook. The $4.3 million in revenue topped any monthly performance by predecessor ESPN Bet and was up 81.3% from January 2025.
It finished with an 8% win rate, nearly double compared to last year, to offset 8.7% less handle at $54.1 million. When including WynnBET, the first operator to hold this license, all-time handle from the three licensees surpassed $1 billion.
