New York’s mobile sportsbooks generated $204.2 million in gross gaming revenue in May, an 18% drop from the same month a year ago, according to figures released Monday by the New York State Gaming Commission.
The decline had almost nothing to do with how much money came in the door. Bettors wagered $2.13 billion across the state’s eight operators, down just 3.6% from the $2.21 billion handled in May 2025. The larger gap was in hold. The statewide win rate fell to 9.6% from 11.3% a year earlier.
The state collected $104.1 million in tax receipts for the month, the second of New York’s 2026-2027 fiscal year.
Breakdown
FanDuel led all operators with $767.8 million in handle and $88.7 million in revenue at an 11.6% hold. Revenue was down about 18.5% year-over-year and handle was off roughly 4.4%. (Note: The New York commission’s report did not specifically list FanDuelâs May numbers as it did for other operators, so InGame derived its numbers from subtracting out the remaining operators.)Â
DraftKings reported $706.5 million in handle and $66.5 million in revenue at a 9.4% hold. Revenue fell 21% from May 2025, while handle dropped 10%.
Fanatics was one of just two operators to grow revenue. The sportsbook took in $249 million in wagers, up 30.6% from $190.6 million a year ago. It generated $18.3 million in revenue, up 1.8%, on a 7.3% hold.
BetMGM took $166.2 million in handle, up 3.1%, and held 8.1% for $13.4 million in revenue, down 8.7% year-over-year.
Caesars posted the steepest revenue decline in the market. It accepted $142.4 million in wagers, down 6.5%, and a 6.9% hold left revenue at $9.8 million, a 28.6% drop from May 2025.
BetRivers, operated by Rush Street Interactive, reported $44.1 million in handle and $3.1 million in revenue at a 6.9% hold, a 24.7% revenue decline.
Penn Interactive’s theScore Bet took $42.6 million in wagers and produced $3.2 million in revenue on a 7.6% hold. Revenue was down 19% from what predecessor ESPN Bet booked in May 2025, with handle off 11.6%.
Bally Bet posted its best May on record. Handle rose 17.3% to $14.1 million and revenue jumped 77.3% to $1.1 million at a 7.9% hold.
FanDuel and DraftKings combined for roughly 69% of the May handle. Six of the eight operators posted lower revenue than they did a year ago, with only Fanatics and Bally Bet gaining. All-time mobile sports wagering handle in New York has now surpassed $95 billion.
