The Empire State closed July and opened August with its third straight week of sports betting handle below $400 million.
Key Takeaways
- New Yorkers wagered 8.7% more dollars heading into August than the previous week.
- Empire State operators experienced a 66.7% gross revenue spike.
- Four online sportsbooks produced double-digit holds for the week.
With little on the sports calendar beyond MLB before the NFL preseason began Thursday, New York’s eight online sportsbooks generated a $384.8-million handle during the week ending Aug. 2. That was an 8.7% increase over the previous week and $45.8 million more than the same period in 2025.
The New York Gaming Commission reported on Thursday that operators hauled in $46.5 million in gross revenue, a 66.7% spike from the previous week’s $27.9 million, one of the lowest weekly revenue totals of the summer.
The rebound was driven by an 8.3% hold, well below the consecutive 14%-plus win rates sportsbooks posted during the closing stages of the World Cup in July. Still, it was a slight improvement from the 7.9% hold generated during the week ending July 26.
Just one online operator recorded a double-digit win rate during the previous week, but four reached that mark during the week ending Aug. 2.
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Back to normal
The top two New York sports betting operators produced the kind of win rates they’re more accustomed to.
FanDuel turned in a state-best 13.3% hold on its leading $136.9-million handle. The online operator’s $18.2 million in gross revenue during the period ending Aug. 2 was over $7 million more than the previous week.
DraftKings won back 12.4% of a $130.2-million handle, nearly $9 million higher than the previous period. Its $16.2 million in gross revenue was up nearly 100% compared to the week ending July 26.
Big week for Fanatics
Fanatics enjoyed one of the week’s best bouncebacks thanks to a 12.6% hold on a $43.4-million handle that produced a 96% week-over-week increase in gross revenue. BetMGM nearly held steady in revenue compared to the previous week, but its 8.1% win rate on a $33.1-million handle was down from 11.6%.
Caesars nearly reached double digits, turning a 9.9% hold on $24.8 million in wagers, while BetRivers was able to win back 12.8% on an $8.3-million handle. Bally Bet got to 9.8% on $2.3 million in wagers, while theScore Bet endured a tough week, winning back just 3.2% on $5.7 million in wagers.
