New York’s regulated sports betting market delivered $155.9 million in gross revenue for July 2025, with both mobile and commercial operators combining for an 11.08% hold. According to Friday’s report from the New York State Gaming Commission, the figure represented a 10.7% increase over July 2024 and marked the state’s first three-month streak of double-digit win rates in its 43 months of mobile wagering.
$1.41B in Bets, Double-Digit Win Streak Continues
Bettors wagered $1.41 billion during the month, up 11.1% year-on-year. While July’s handle was the lowest since August 2024, it still outperformed the same month last year, when wagers totaled $1.26 billion. State tax collections from July reached $79.4 million, lifting the 2025 calendar-year total to nearly $736 million—$147.2 million ahead of last year’s pace.
Historically, New York sportsbooks have enjoyed higher win rates in the summer months, with July holds ranging from 9.2% to 11.1% since 2022.
According to InGame, FanDuel continued to lead in revenue, reporting $61.4 million in July winnings, a 3.5% increase from last year. This milestone pushed the operator’s all-time digital revenue in New York past the $3 billion mark. However, its handle fell to $476.9 million—a 1.2% monthly drop—bringing its market share down to 34%, its lowest since launch in January 2022. FanDuel’s July hold was 12.8%, the highest among major operators.
DraftKings ranked first in handle for the second straight month, accepting $509.4 million in wagers, an 11.5% year-over-year gain. Revenue reached $52.5 million, producing a 10.3% win rate. DraftKings has now recorded monthly handles above $500 million for a full year.
Fanatics, BetMGM, Caesars, and Others Post Gains
Fanatics Sportsbook reported $13.9 million in revenue from $137.7 million in handle, marking an 80.8% increase compared to last year. Its market share rose to 9.8%, the highest since its November 2023 relaunch.
BetMGM narrowly outpaced Caesars for fourth place in revenue, generating $10 million from a $98.1 million handle, compared to Caesars’ $9.7 million from $97.9 million. BetMGM’s year-to-date revenue of $85.4 million reflects a 66.4% increase from the same period in 2024, while Caesars’ $79.8 million is up 6.6%.
ESPN Bet achieved its first double-digit hold since entering the market in September 2024, with a 10.4% rate translating to $3.9 million in revenue from $37.1 million in wagers. BetRivers posted $3.4 million in revenue with a 9.6% hold on $35 million handle, while Bally Bet recorded $865,910 from $9.2 million, with more than 92% of its lifetime handle generated since its November 2023 relaunch.
Despite the slower summer schedule—without the NBA and with only one NFL preseason game—operators maintained high margins. DraftKings CEO Jason Robins noted a 10% increase in Major League Baseball wagering in July, even with the All-Star break producing the slowest betting week in nearly a year.
July’s revenue total was the first under $160 million in 2025 and marked a 24.9% drop from June’s $206.5 million, which was the second consecutive month to surpass $200 million. Still, industry analysts point to the summer months as a strong lead-in to football season. College football’s first full week begins in late August, with the NFL kicking off in early September. In 2024, New York recorded five consecutive months with handles exceeding $2 billion once the regular season began.
