New York sportsbooks report $155.9m in July revenue
Mobile and retail operators in New York recorded their first three-month streak of double-digit win rates in the state’s 43-month online betting history.
Key points:
– Gross sports betting revenue reached $155.9m in July, up 10.7% year-on-year
– State handle rose 11.1% to $1.41bn, with an 11.08% hold rate
– FanDuel surpassed $3bn in all-time digital revenue despite lowest market share since launch
The New York State Gaming Commission has reported $155.9m in gross sports betting revenue for July 2025, marking a 10.7% year-on-year increase. Total handle reached $1.41bn, up 11.1%, with an average hold rate of 11.08%.
The result extends New York’s unprecedented three-month streak of double-digit win rates since mobile betting launched in January 2022. The state collected $79.4m in taxes from July activity, lifting the calendar year total to nearly $736m – $147.2m ahead of 2024’s pace.
FanDuel remained the market leader by revenue with $61.4m in July, a 3.5% increase. This milestone pushed its all-time digital revenue in New York above $3bn. However, its handle share dropped to 34% – the lowest since launch – after declining 1.2% month-on-month to $476.9m.
Good to know: FanDuel opened a new office in New York City’s Flatiron District in June 2025, marking more than a decade headquartered in the state
DraftKings topped the handle charts for the second consecutive month with $509.4m wagered, up 11.5% year-on-year. Its $52.5m in revenue represented a 10.3% hold.
Fanatics posted $13.9m in revenue from $137.7m in handle, an 80.8% increase. Its 9.8% market share was the highest since its November 2023 relaunch. BetMGM and Caesars generated similar results, with each posting nearly $10m in revenue from around $98m in handle.
ESPN Bet reported its first double-digit hold rate since entering the market last September, reaching 10.4% to claim $3.9m in revenue from $37.1m in handle.
July’s results follow June’s $206.5m in online sportsbook GGR, which was up 54.2% despite the lowest monthly handle since August 2024.
The summer period has historically produced higher win rates in New York. Between 2022 and 2025, operators have posted hold rates ranging from 9.2% to 11.1% in July.
With Q3 now underway, analysts are watching whether operators can sustain elevated margins heading into the NFL season – a period typically marked by increased handle volumes and intensified competition for market share.
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