The Knicks had a historically successful June.
New York’s sportsbooks? Not so much.
The state’s mobile sportsbooks generated $116.8 million in gross gaming revenue in June, a whopping 43.5% drop from the same month a year ago, according to figures released by the New York State Gaming Commission.
The decline had nothing to do with a shortage of betting. If anything, June was busier than ever. Bettors wagered $2.25 billion across the state’s eight mobile operators, up an equally whopping 36.6% from the $1.65 billion handled in June 2025. But hold cratered to 5.2%, down from 12.5% a year earlier and the lowest monthly figure since New York launched mobile wagering in January 2022.
It would certainly seem that the Knicks’ march to the championship kneecapped the books.
The state collected $59.6 million in tax receipts for the month.
Breakdown by operator
FanDuel led all operators with $804.1 million in handle and $42.7 million in revenue at a 5.3% hold. Revenue was down 50.5% year-over-year even as handle jumped 42.7%.
DraftKings reported $785.4 million in handle and $41.6 million in revenue at a hold of 5.3%. Revenue fell 40.5% from June 2025, while handle rose 28.8%.
Fanatics took in $263.5 million in wagers, up 73.6% from $151.7 million a year ago, the biggest handle gain in the market. But a 3.5% hold, the lowest of any operator, left revenue at $9.2 million, down 47%.
BetMGM attracted $161.8 million in handle, up 38.8%, and held 6.7% for $10.8 million in revenue, down 9.4% year-over-year — the smallest revenue decline among the operators that lost ground.
Caesars posted the steepest revenue drop in the market. It accepted $146.1 million in wagers, up 34.9%, but a 4% hold left revenue at $5.9 million, a 52.1% fall from June 2025.
BetRivers, operated by Rush Street Interactive, reported $44.5 million in handle and $2.9 million in revenue at a 6.5% hold, a 23.2% revenue decline.
Penn Entertainment’s theScore Bet took $35.2 million in wagers and produced $2.6 million in revenue on a 7.4% hold. It was the only operator to see handle fall, down 23.7% from what predecessor ESPN Bet booked in June 2025, with revenue off 36.8%.
Bally Bet was the lone operator to grow revenue. Handle rose 30% to $12.9 million and revenue jumped 50.9% to $1.2 million at a 9.2% hold, the highest of any book in June.
FanDuel and DraftKings combined for roughly 70% of the June handle. Seven of the eight operators posted lower revenue than a year ago, with only Bally Bet gaining. All-time mobile sports wagering handle in New York has now surpassed $97 billion, meaning the state could cross the $100 billion mark before the end of the summer.
