New York wrapped up its 2024/25 fiscal year with a strong performance in sports betting, reporting a total handle of $23.94 billion, according to data from the New York State Gaming Commission (NYGC). March alone contributed $2.44 billion, the second-highest monthly figure of the year, likely fueled by March Madness activity.
January topped the fiscal year with $2.48 billion in handle, just ahead of March’s number. The March figure also reflected a 14.9% increase compared to the same month last year, highlighting continued growth in the state’s betting market.
Gross gaming revenue (GGR) for March reached $161.8 million, though this represented a 3.1% drop from March 2024 and a 13.3% decline from February’s numbers.
DraftKings led the monthly GGR charts, generating $62.6 million from $912.1 million in wagers. FanDuel followed closely with $59.45 million in GGR from an $862.2 million handle. Compared to March last year, FanDuel’s GGR dipped from $82.9 million, while DraftKings’ grew by 18.9%, signaling a shift in momentum between the two top operators.
For the full fiscal year, New York’s sports betting handle rose 21.9% from the previous year’s $19.64 billion, setting a new record for the largest annual handle by any U.S. state. Total state GGR also increased, reaching $2.14 billion—up 15.4% year-over-year.
https://igaming.org/sports-news/new-york-sports-betting-hits-23-94-billion-for-24-25-fiscal-year/