New York sports betting operators overcame a $48.5-million loss the week after the New York Knicks won the NBA title and actually turned a $2-million profit over the last two periods.
Key Takeaways
- Wagering spiked 38.4% compared to the same week in 2025.
- Online sportsbooks made over $50 million for the first time in over a month.
- FanDuel dominated with a 12.4% hold on $197.6 million in bets.
The New York State Gaming Commission reported that the eight online sportsbooks generated $50.8 million in gross revenue from a $551.3-million handle during the week ending June 21.
The previous week, the Knicks' five-game NBA Finals victory and the U.S. men's national team's win over Paraguay helped hand sportsbooks their first losing week in New York history.
The World Cup has brought the kind of wagering operators were hoping for, as the first full week generated a 38.4% year-over-year increase in handle. Sportsbooks surpassed $50 million in gross revenue for the first time in over a month as draws and losses from a few high-profile international teams helped put money back in their pockets.
A 9.2% weekly hold was the state’s best in June. The big profits came despite the USMNT winning again over Australia as a heavily bet favorite June 19. It wasn’t a great week for the state’s MLB teams, as the Yankees went 3-3 and the Mets were 2-5.
Enjoying Covers content? Add us as a preferred source on your Google account
FanDuel surpasses $20M again
After six of the eight online operators reported revenue losses last week, all sportsbooks finished in the black, led by FanDuel’s $24.5 million profit for the week.
The 12.4% hold from a $197.6-million handle helped the online operator get back on track after losing over $22 million in the previous period. FanDuel has cleared $20 million in gross revenue in eight of the last 11 periods.
DraftKings also had a decent week, keeping 8% of a $196.2-million handle. The online operator surpassed $15 million in weekly profits for just the second time in the last eight weeks.
Other holds
Bally Bet joined FanDuel as the only other New York sports betting operator to produce a double-digit hold, reaching 11.3% on a $3.2-million handle. Just two sportsbooks made it to 8%.
BetMGM won back $3.3 million on a $37.8-million handle, while Caesars barely got to 8% on $33.4 million in wagers. Fanatics had the third-best handle at $64.1 million but turned a 4.8% hold, and theScore Bet failed to reach 8% on $8 million in wagers. BetRivers just missed a 5% win rate on $11 million in bets.
