New York sports betting handle hits $1.4 billion in July, up 11% from 2024

Sports bettors in New York wagered $1.4 billion in July 2025, rising from $1.26 billion in July 2024 but the lowest handle since last August, according to the New York Gaming Commission.

Sportsbooks collectively generated $155.6 million in gross revenue, reflecting a 10.5% increase year-over-year but a sharp 24.9% decline compared to June 2025. This was the first monthly profit below $160 million in 2025 and the lowest since December 2024’s $150.1 million.

Online operators maintained a strong hold rate of 11.1%, matching July 2024’s figure and ranking as the third highest hold percentage recorded this year. The slower month was partly attributed to the absence of NBA games and a limited NFL preseason schedule, leading to a typical summer lull in betting activity.DraftKings CEO Jason Robins noted on Thursday’s earnings call that MLB betting volume rose 10% year-over-year in July, even as sportsbooks struggled to capitalize on a high win rate during the All-Star break, the slowest betting week in nearly a year.

The state’s tax revenue from sports betting hit $79.3 million in July, down nearly $30 million from June but pushing total tax receipts above $700 million for 2025.

DraftKings led wagering with $500 million handle, the only operator to surpass the half-billion mark in July, continuing its streak of monthly handles above $500 million for the full year. FanDuel’s handle fell to $476.9 million, its first dip below $500 million since July 2024. However, FanDuel’s strong 12.8% hold generated $61.3 million in gross revenue, outpacing DraftKings by $8.8 million.

Fanatics Sportsbook marked its 11th consecutive month with wagers over $100 million and posted the third highest revenue at $13.9 million, up $5 million year-over-year. BetMGM and Caesars remained close competitors with handles of $98.1 million and $97.9 million, respectively, their revenue separated by less than $250,000.

Other operators included ESPN BET, which finished sixth with a $37.1 million handle and $3.9 million in revenue, just below its June figures. BetRivers and Bally Bet followed with handles of $35 million and $9.2 million, posting $3.3 million and an estimated $0.9 million in revenue, respectively.

Looking ahead, New York sportsbooks brace for the summer slowdown to end as college football’s Week 1 kicks off during the final weekend of August, followed by the NFL season start in early September. Last season, the state recorded five consecutive months with handles exceeding $2 billion.

In the week ending August 3, sportsbooks generated $36 million in revenue from $338.7 million wagered.