New York’s Online Sportsbooks Set Monthly Revenue Record off Knicks' Playoff Run Another successful NBA playoff run for operators in the U.S.’s most lucrative online sports betting market led to a new monthly revenue record. - The Knicks’ Eastern Conference series loss to the Pacers paved the way for $127 million in revenue the last two weeks of May. - The latest handle rose 11.7% from May 2024, while revenue spiked 22.2%. - FanDuel produced a massive 13.5% hold on an $803.1-million handle. The New York Gaming Commission reported that the nine mobile sportsbooks accepted $2.21 billion in wagers in May, the fourth month of over $2 billion year-to-date. Gross revenue of $248.9 million is the highest recorded since online wagering began in January 2022. The latest profit haul surpassed the $248 million that New York sports betting operators made in January 2025. The second consecutive month of operator-friendly outcomes from NBA playoff games - including the New York Knicks losing to the Indiana Pacers in the Eastern Conference Finals - led to the sixth $200-million revenue month in Empire State history. The final two weeks of May alone produced more than $127 million in revenue as sportsbooks capitalized on the Knicks dropping four of the six games in the series. Other popular teams like the Boston Celtics, Denver Nuggets, Golden State Warriors, and Cleveland Cavaliers were also eliminated from the playoffs in May, adding to bettors’ woes. Trending upward The latest handle was up 11.7% from May 2024, while year-over-year gross revenue spiked 22.2%. The 11.3% hold in May was a slight increase from the same month’s 10.3% produced in 2024, and it’s just the third double-digit win rate for operators over the last 10 months. Sportsbooks have overcome a customer-friendly March, when there was a lack of upsets in the NCAA tournament. Behind an 8.9% hold on a $2.