Online sportsbooks are starting to dominate bettors again in the most lucrative U.S. market.
Key Takeaways
- Empire State operators surpass $60 million in revenue for the second time in three weeks.
- New York’s weekly sports betting handle increased 41.3% from the previous year.
- All but two sportsbooks won back at least 10% of the week’s wagers.
The New York Gaming Commission reported last Friday that the Empire State’s eight mobile sports betting operators generated $66 million in gross revenue during the week ending July 12 thanks to a 14.2% hold, the state's highest since January.
In a week when the U.S. men's national team lost to Belgium in the Round of 32, sportsbooks surpassed $60 million in profits for the second time in three weeks. It helped make up for a sluggish $36.5 million in revenue from the previous week and a $48.5-million loss when the Knicks won the NBA title in June and the USMNT saw early success.
Since then, operators have averaged $53.8 million over the last four weeks, a 33.2% increase in profit compared to the same four weeks in 2025. Sportsbooks have clearly benefited from the World Cup, which wrapped up Sunday.
New Yorkers still wagered $464.5 million, a 41.3% year-over-year increase in handle. However, it was the first handle under $500 million since the week ending June 10. Operators are likely to stay below that mark until football season kicks off in September.
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DraftKings, FanDuel win big
DraftKings produced the week’s highest handle, reaching $165.7 million in wagers, but that’s a 16.4% week-over-week decline. The operator matched New York’s win-rate average, and the $23.5 million in gross revenue was DraftKings’ most profitable week since May.
FanDuel was the highest-grossing operator for the week ending July 12, pulling in $25 million from a $162.5-million handle. The sportsbook's massive 15.4% hold is its second highest of 2026.
High holds
Four other sportsbooks joined DraftKings and FanDuel with double-digit win rates for the week ending July 12. All but one New York sports betting operator experienced week-over-week revenue growth.
Fanatics produced a 14.5% hold on a $51.4-million handle and more than doubled its gross revenue from the previous week. BetMGM also had a monster period and won back 12.8% on $34.9 million in wagers, while Caesars (12.2%) and theScore Bet (11.5%) did as well. BetRivers and BallyBet were the only two operators to win back less than 10%.
