Can’t stop, won’t stop.
The New York State Gaming Commission reported $155.9 million in gross sports betting revenue for July on Friday as the Empire State’s eight mobile operators and three commercial sportsbooks combined for an 11.1% hold, the third straight month over 11%.
The summertime run of dominance is unprecedented in mobile betting in New York, as July created the first three-month streak of double-digit win rates in 43 months of digital wagering. There were longer streaks prior to mobile launch, but handle during any of those retail-exclusive months topped out at $25.6 million in October 2021.
In contrast, the $1.41 billion wagered in July was up 11.1% from last year and slightly outpaced the 10.7% uptick in revenue. The start of the second half of the calendar year has normally been good to New York sportsbooks, who have had collective win rates range from 9.2% to 11.1% during the four years of mobile betting.
The state collected $79.4 million in taxes, lifting the total for the calendar year to nearly $736 million. That is running $147.2 million ahead of last year’s pace. In the first four months of Fiscal Year 2026, the $410 million inflow into coffers is an increase of $72.6 million.
FanDuel clears $3 billion in revenue
| Year | July Handle | July Revenue | Hold | State Tax Revenue |
| 2022 | $804,966,381 | $73,880,416 | 9.18% | $37,449,746 |
| 2023 | $966,555,215 | $105,510,884 | 10.92% | $53,666,714 |
| 2024 | $1,265,934,085 | $140,856,541 | 11.13% | $71,620,802 |
| 2025 | $1,406,671,173 | $155,878,073 | 11.08% | $79,367,930 |
| TOTALS | $4,444,126,854 | $476,125,914 | 10.71% | $242,105,192 |
July may be a slow month in terms of action, but it sizzles in New York when it comes to sportsbook revenue.
FanDuel, the mobile revenue leader in the Empire State, hit another milestone as the first to cross $3 billion in digital revenue. It rang up $61.4 million in July winnings, a 3.5% increase that offset the 1.2% dip in handle to $476.9 million. It has gradually ceded handle to DraftKings and other operators in the state this year, and the 34% market share in July was FanDuel’s lowest since 31% at launch in January 2022.
DraftKings was tops in handle for the second straight month as its $509.4 million in accepted wagers was up 11.5% year-over-year. Revenue gains nearly kept pace at 9.5% as the $52.5 million haul resulted in a 10.3% win rate for the online titan.
While it’s a long road to reach Fanatics as the No. 3 book, all eight operators had a hold of 8.9% or better. Fanatics was on the low end of that totem pole, but it was still good enough to claim $13.9 million — a surge of 55.5%. Its $137.7 million handle represented an 80.8% bounce from July 2024. Fanatics had an all-time high market share of 9.8%, compared to 6% a year ago.
Beyond the podium spots
Very little separated BetMGM and Caesars as they rounded out the top five. BetMGM eked out an eight-figure haul by less than $5,000, crafting a 10.2% hold against $98.1 million handle, while Caesars had a 9.9% win rate that led to $9.7 million in revenue from $97.9 million worth of accepted bets.
BetMGM’s year-to-date revenue has spiked 66.4% compared to last year to $85.4 million, with a good portion of that increase tracing back to significant growth in February. July marked the first time Caesars has attained a 9% win rate or better in three consecutive months of wagering in New York as its $79.8 million in year-to-date winnings is up 6.6% versus the first seven months of 2024.
ESPN Bet notched its first double-digit hold since entering the state last September, reaching 10.4% to claim $3.9 million in revenue from $37.1 million handle. Its 2.7% market share for handle remained consistent, landing within its year-long window from 2.2% to 2.8%.
BetRivers had slight year-over-year declines in revenue and handle, with a 9.6% hold resulting in $3.4 million in revenue from $35 million in wagers. Bally Bet had its fourth-best month in terms of revenue at $865,910 while notching a 9.4% win rate on $9.2 million handle. More than 92% of Bally’s all-time $207.5 million handle has come since its revamped sportsbook launched in November 2023.
