NY sports betting handle drops to $1.65 billion in June

New York’s mobile sports betting handle dropped to $1.65 billion in June, marking the state’s lowest monthly total since August 2024, according to data from the New York State Gaming Commission. Despite the decline, gross gaming revenue (GGR) remained robust, surpassing $200 million for the month.

The June handle marked the weakest performance since August last year, when bettors staked $1.45 billion. While down 25.4% from May’s $2.21 billion, June’s total was still 12% higher than the same month last year, suggesting a longer-term growth trend.

GGR for June came in at $206.5 million, down 17% from May but up 65.2% year-over-year. This makes it the third-highest revenue month so far in 2025. The hold rate—the percentage of total bets kept as revenue—stood at 12.52%.

Among operators, FanDuel maintained its top position in terms of revenue, even as rival DraftKings led the market in total handle.

FanDuel reported $86.3 million in revenue from $563.7 million in wagers, translating to a hold rate of 15.31%. DraftKings, while taking in the most bets with a $607 million handle, generated $69.8 million in revenue, resulting in a lower hold of 11.5%.

Fanatics secured third place with $17.3 million in revenue from a $151.7 million handle (11.4% hold), edging out Caesars, which posted $13.8 million in revenue off $152.3 million in wagers (9.06% hold). BetMGM followed closely, earning $11.9 million from a $116.7 million handle (10.2% hold).

Meanwhile, ESPN Bet reported $4 million in revenue from a $48.2 million handle, reflecting an 8.3% hold. Rush Street Interactive followed with $3.7 million in revenue from $40.4 million in bets, resulting in a 9.16% hold. Bally Bet generated $791,201 from $9.9 million, with a 7.95% hold, while Resorts World Bet posted $229,357 in revenue from $2.8 million, equating to an 8.33% hold.