New York Sports Betting Handle Falls to $1.4 Billion in July, Lowest in 12 Months
New York sportsbooks recorded $1.4 billion in wagers in July, marking the state’s lowest monthly handle in a year. The drop reflected the seasonal slowdown in the sports calendar, though both handle and revenue remained higher than in the same month last year.
Seasonal Decline
Data from the New York State Gaming Commission shows that July’s $1.4bn handle was only the third time in the past 11 months that betting volume did not surpass the $2bn mark. The total represented a 12-month low but was still up 9.9% compared to July 2024, underlining the market’s resilience.
Gross gaming revenue reached $155.6m – the weakest monthly performance since August 2024 – yet marked a 9.8% increase from the $140.3m posted in the same month last year. The state’s overall hold stood at 11.1%, delivering $79.3m in tax revenue for education programs. Cumulatively, operators have generated over $735m in tax payments during the first seven months of 2025.
Operator Rankings
FanDuel led the market in July revenue, reporting $61.3m on $476.9m in handle, with a 12.9% hold rate – nearly two percentage points higher than the statewide average.
DraftKings recorded the highest handle at $509.4m but took in $52.5m in revenue, translating to a 10.3% hold. While competitive by industry standards, this figure lagged behind FanDuel’s margin.
Fanatics secured the third-highest revenue total at $13.9m from $137.7m in wagers, for a 10.1% hold. BetMGM followed with $10m on $98.1m in handle, closely trailed by Caesars, which reported $9.7m on $97.9m.
ESPN BET, currently focusing on a personalization strategy and tighter integration with the ESPN app, generated $3.9m in revenue from $37.1m in wagers.
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