New York’s online sports betting industry recorded another strong month in July, raking in $155.6 million in gross gaming revenue from a handle of $1.4 billion—an 11% increase in total wagers compared to July 2024. According to the New York State Gaming Commission, this marked the third-highest monthly hold rate of 2025 at 11.1%, matching the figure from the same month last year.
The summer slowdown, with the NBA off-season and just a single NFL preseason matchup on the calendar, made July a quieter month. Still, New York’s sportsbook market held firm. Though July’s gross revenue declined 24.9% from June—marking the lowest monthly total since December 2024’s $150.1 million—the year-over-year improvement of 10.5% indicated ongoing resilience in the market.
DraftKings CEO Jason Robins noted during a quarterly earnings call that Major League Baseball betting saw a 10% increase over the previous July, reinforcing that seasonal lulls haven’t dampened user engagement across all sports. The All-Star break, however, led to the slowest betting week in almost a year.
Leading Operators Show Diverging Results
DraftKings led all operators with a handle of $509.3 million, maintaining a 12-month streak of exceeding the $500 million threshold. Despite this, FanDuel, which posted a handle of $476.9 million—its first drop below $500 million this year—outpaced its rival in gross revenue. Thanks to a robust 12.8% hold, FanDuel generated $61.3 million in profit, beating DraftKings’ $52.5 million.
“FanDuel held the most, at 12.9%, while Caesars Sportsbook was loosest with 9.9%,” according to the latest industry figures. While FanDuel controlled 34% of the market’s handle, trailing DraftKings’ 36.3%, it led in win share at 39.4% compared to DraftKings’ 33.7%.
Other operators followed at a distance. Fanatics Sportsbook crossed the $100 million handle mark for the 11th straight month, collecting $13.9 million in revenue—up $5 million year-over-year. BetMGM and Caesars came in close, handling $98.1 million and $97.9 million, respectively. ESPN BET posted a $37.1 million handle and $3.9 million in revenue, narrowly missing its June total by just $236,000.
The rest of the field, including Bally Bet and BetRivers, combined for the remaining market share. Bally Bet logged a 9.4% hold on a modest $9.2 million handle, while BetRivers brought in $3.3 million from $35 million in wagers.
Outlook: Anticipation Builds for Football Season
Though July’s handle was the first to dip below $1.5 billion since August 2024, industry analysts see this as a temporary pause before the football season reignites betting momentum. College football kicks off in late August, followed closely by the NFL’s September launch. Last year, this stretch triggered a five-month run of handles exceeding $2 billion.
Even with a lighter month, the state collected $79.3 million in tax revenue, bringing the year’s total haul to over $700 million. Weekly numbers continue to support optimism: for the week ending August 3, sportsbooks generated $36 million from a $338.7 million handle.
As summer winds down, New York’s betting landscape appears poised for another surge, buoyed by returning football and steady operator performance.
Source:
“New York sports betting spiked in July”, gaming.ny, August 2025
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