New York Sportsbooks Show 4.8% Revenue Growth in April

New York showed a year-on-year revenue growth in the state's mobile sportsbooks sector in April.

Ziv Chen

Last updated: May 12, 2025 1:45 PM EDT • 2 min read

New York Sportsbooks Show 4.8% Revenue Growth in April — Pictured: Fans watch TV screens during a game viewing party for fans at the FanDuel Sportsbook at Meadowlands Racing & Entertainment. Photo by Mitsu Yasukawa / Northjersey.com via Imagn Images.

The mobile sportsbook sector in New York showed a 4.8% year-on-year increase in revenue in April, while the state’s commercial casinos reported a fall.

Figures published by the New York State Gaming Commission for April showed that total net revenue across the nine sportsbook operators reached $94.4 million, up 4.85% from the $90 million figure for April 2024. Total handle rose by a greater amount, to $2.15 billion, up 9.7% year-on-year.

Online operator FanDuel reported the highest revenue in April, recording $84.7 million. Yet, despite having the highest gross gaming revenue out of all nine sportsbook operators, FanDuel reported a year-on-year decline, with revenue dropping from $91 million.

In comparison, DraftKings reported the second-highest revenue of the month at $66.8 million. Compared to last year’s figure, revenue for the sportsbooks operator increased from $63.1 million year-on-year.

In addition, the New York regulator also reported that sports betting revenue generated millions for educational and other social programs. From April’s net revenue, $6 million was allocated to treatment for problem gambling, and another $5 million to an education program that funds sports programs for underserved youth.

New York land-based Casinos Report Decline

While the best sportsbooks enjoyed a successful April, this was not true for New York’s four commercial casinos. Figures for their combined gross gaming revenue for the month showed a total of $56.8 million, down by around 2.1% on last year’s reported revenue of $58 million.

The most significant part of that fall was in the table gaming segment, which saw revenue drop to $13.7 million in April 2025, compared to $16.8 million last April, a fall of 18.4%. Poker revenue also fell, from $0.9 million to $0.8 million, a decline of 8.4%. Slot gaming, however, bucked the trend, rising to $42.2 million, an increase of 5.6%.

New York Sweepstakes Debate

At the same time, SB5935, a bill in the state legislature that could significantly impact the gambling sector in New York, is still being debated.

The bill, proposed by Sen. Joseph Addabbo, seeks to ban online sweepstakes platforms. These sites allow users to play casino-like games using dual currencies, which can sometimes be exchanged for cash. SB5935 was amended in the Senate last week, clarifying that the New York State Gaming Commission would adjudicate on whether individual sites should be banned.

A second bill, A6745, proposed by Assemblywoman Carrie Woerner, is currently being discussed in committee. However, time is running out for either bill to be passed before the end of the current legislative session, which runs until June 12.

Written By:
Ziv Chen

Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We're going to pursue perfection, knowing full well we won't catch it, but we're going to relentlessly chase it," Mike Tomlin, Pittsburgh Steelers Head Coach.