The summer of sportsbook success showed no signs of slowing down Wednesday when both the Massachusetts Gaming Commission and Pennsylvania Gaming Control Board reported sports wagering holds higher than 10% for July.
Bay State operators worked for their double-digit hold, finishing at 10.1% in claiming $49.2 million in gross revenue from $489.5 million handle. It was the third straight month and 21st time in 29 months of mobile wagering in Massachusetts the collective hold eclipsed 10%.
There was less sweat in Pennsylvania, where the 12.6% win rate ranked fourth in 81 months of wagering and resulted in $52.2 million in gross sportsbook winnings. It also came on the heels of June’s 13.8% hold that was the highest in a full month of betting in Keystone State history.
Of the 52 state reports that have published handle and revenue covering June and July figures, 46 have shown holds of 10% or higher. That contributed to June’s record U.S. hold of 12.4% when every state but Nevada landed in double figures.
The current July hold through 20 reports is 10.9% as operators have claimed $542.8 million in gross revenue from $4.97 billion handle.
Fanatics now No. 3 in handle in Massachusetts
Fanatics’ ongoing rise behind FanDuel and DraftKings came into sharper focus in Massachusetts in July with a record $55.3 million handle. The MGC does not disclose promotional spend among mobile operators, but wagering through Fanatics skyrocketed 163.9% from last year.
Revenue nearly doubled to $4.5 million, but the 8.2% hold was down more than 4.2 percentage points from June as month-over-month revenue slipped 3.5%. Fanatics has already surpassed its 2024 full-year revenue and handle totals with $27.4 million in winnings and $307.9 million in accepted wagers through the first seven months of 2025.
Fanatics’ jump in handle may have come at the expense of DraftKings, which failed to attain a 50% market share of mobile handle in its home state for only the second time this year. The $235.9 million worth of bets, though, was up 16.8% year-over-year, and DraftKings’ 10.6% win rate generated $24.9 million in winnings.
It was the fourth straight month DraftKings notched a double-digit hold, and its 11.4% mark for the year has contributed to already exceeding $250 million in revenue for 2025.
FanDuel remained locked as a distant yet solid No. 2 among mobile books for revenue and handle. Winnings were down 4.6% from July 2024 to $12.6 million, dragged down by a 10.3% hold that was two-thirds of a percentage point lower. Handle inched 1.4% higher to $121.6 million.
The gap between Fanatics and BetMGM for the No. 3 revenue spot was more narrow than handle. BetMGM also topped $4.5 million thanks to a year-best 11.9% hold on close to $38 million wagered.
FanDuel continues to run riot in PA
Everything about FanDuel in Pennsylvania is big: The digital juggernaut is the marketplace leader in handle and revenue while spending big and often crafting state-best holds. July proved no different as FanDuel rolled up $20.3 million in winnings thanks to a 14.6% hold on $139.5 million worth of wagers.
Though year-over-year handle declined 15.7%, it was still enough to push FanDuel over $15 billion all-time in the Keystone State. Revenue had a soften downturn at 13.2%, and its $4.6 million promotional outlay was its lowest since a $3.8 million spend in August 2023.
Eternal rival DraftKings posted back-to-back 13%-plus win rates for the first time in state history, following up its record 13.6% mark from June with a 13.1% win rate to keep $14.5 million of the $111.2 million wagered. Revenue jumped 31.5% as the four point-plus rise in hold offset a 9.6% dip in handle.
Fanatics also continued its roll versus Pennsylvania bettors with a third consecutive win rate above 12%. That allowed it to claim the final podium spot for revenue at $3.4 million. More importantly, Fanatics finally slowed its promotional spigot as its monthly spend was an all-time low of $896,762.
That led to $2.5 million in AGR and marked the first time Fanatics’ taxable winnings in Pennsylvania were more than 50% of its gross revenue, landing at 73.7%. BetMGM topped $3.1 million but remained with Caesars as the only mobile books yet to attain a double-digit hold this year.
BetRivers rounded out the top five with $2.1 million in combined revenue from its Pittsburgh and Philadelphia hubs, edging out bet365 ($2 million) and ESPN Bet ($1.9 million).
