New Yorkers came back to earth after feasting on the Knicks winning the NBA title and the U.S. men’s national team finding early success in the World Cup.
Key Takeaways
- New York’s online sportsbooks recorded an 11.4% hold.
- Revenue topped $200 million for the first time during the typically slow summer month.
- FanDuel dominated bettors behind a 13.2% win rate.
The New York Gaming Commission reported on Friday that the Empire State’s eight online sportsbooks generated gross revenue of $214.4 million from a $1.88-billion handle in July. The 11.4% hold was more than double June's rate, when operators got hammered.
Sportsbooks made over $97 million more in July than in June thanks to back-to-back weeks of at least $63 million in profits, while year-over-year revenue spiked 37.8%. It’s the first time operators produced at least $200 million in gross revenue in July since wagering launched in January 2022, and six of the eight online sportsbooks experienced month-over-month revenue growth.
Favorable results on the 3-way moneyline helped make the World Cup highly profitable for operators, with Spain's victory over Argentina in the final also benefiting the house.
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World Cup increases action
Soccer’s premier event hosted in North America drove massive betting numbers during a month that’s usually much quieter. New York’s handle increased 34.3% compared to July 2025.
June's handle increased 36.6% year over year, bringing the two World Cup months to a combined $4.1 billion in wagers. It's a clear sign that the soccer tournament proved to be a massive hit with sportsbook customers.
All of that wagering and the double-digit win rate helped the Empire State fill its coffers with $109.3 million in July, pushing the year-to-date tax revenue total to more than $725 million. New York generated $1.32 billion in 2025 from the 51% tax rate.
Operators bounce back
| Online Operator | July Handle | Revenue |
|---|---|---|
| DraftKings | $661.5 million | $72.9 million |
| FanDuel | $651.2 million | $86.1 million |
| Fanatics Sportsbook | $221.6 million | $21.1 million |
| BetMGM | $138.3 million | $15.6 million |
| Caesars | $122.6 million | $11.4 million |
DraftKings led all online New York sports betting operators for the second consecutive July with a $661.5-million handle. Its 11% hold generated $72.9 million in gross revenue, second among the state's operators. FanDuel’s 13.2% win rate on a $651.2-million handle led to a state-high gross revenue of $86.1 million, double what the operator made in June.
Fanatics fell just shy of a double-digit hold, but the online sportsbook won $21.1 million in July, a 129% month-over-month increase, on over $221 million in wagers. BetMGM won back 11.3% on a $138.3-million handle, while Caesars reached a hold of 9.3% on $122.6 million in wagers.
BetRivers took in $40 million in bets and generated an 8.8% hold, while theScore Bet and Bally Bet failed to match their June revenue totals with single-digit win rates.
