Long the regulated US sports betting leader, FanDuel has taken a back seat to DraftKings this month in the state with the most gamblers online, courtesy of March Madness.

It's the first time in 15 months DraftKings accomplished this feat in New York State. 

FanDuel’s winnings fell 18.6 percent, while those of DraftKings rose 28.3 percent.

Overall, revenue in the Empire State was up 6.7 percent on a handle of $2.4 billion, a 32 percent jump. Books held at a range between 5.2 percent (Caesars Sportsbook) and 7.4 percent (ESPN Bet). The average hold was 6.6 percent.

DraftKings handle came in at 37.4 while FanDuel came in at 35.3.

Fanatics Sportsbook leapfrogged both with $12.9 million, a 239.8 percent improvement. ESPN Bet grossed $4 million, up 1,284.6 percent.

BetMGM witnessed a 40.9 percent increase to $11 million while Caesars reported $8.5 million, a 37.9 percent falloff.

Resorts World Bet continues to flounder with a mere $400,000 taken in this March Madness while BallyBet performed even worse, grossing just $200,000. Notably, New York's operator tax rate is 51%, leading one to question whether either of these two businesses are sustainable in the state.

New York Numbers for the Year

The total from April 2024 to March 2025 had FanDuel processing a record $9.2 billion in bets and reported revenue of $969.8 million, leaving a 10.54% hold.

DraftKings still lagged slightly behind FanDuel for the year with a $8.6 billion handle and revenue $727.9 million and a hold of 8.46%.

Caesars followed with $131.4 million off $1.45 billion for a 9.09% hold.

BetMGM took in $121.4 million from $1.71 billion, resulting in a hold of 7.1%. 

Fanatics has seen recently improvements after reporting $120.2 million off a $1.61 billion handle for a 7.48% hold.

Rush Street Interactive reported $39.9 million in revenue from handle of $582.7 million and a 6.85% hold. 

ESPN Bet was next with $14.4 million off $234.9 million, recording a 6.13% hold.

Bally Bet took $7.6 million off $110.5 million for a 6.88% hold.

Resorts World Bet propped up the market with $6.5 million from $89.6 million, leaving a hold of 7.25%.

By  Gilbert Horowitz Gilbert is the esteemed reporter for Gambling911 covering all gamuts of the industry.  He has been with the site for the better part of a decade.  Gilbert works out of the Miami Beach bureau.