New Yorkers are having a hard time besting online sports operators in July.
Key Takeaways
- New York’s online operators surpass $60 million in revenue for the second consecutive week.
- Spain’s 1-0 World Cup win in extra time helped fuel massive hold.
- Seven of the eight mobile sportsbooks won back at least 10%.
The New York Gaming Commission reported on Thursday that the eight mobile sportsbooks produced a dominating 16% hold on a $396.2 million handle during the week ending July 19.
Led by the World Cup Final, which eclipsed soccer betting records at multiple operators, gross revenue soared to $63.6 million for the week, a 98% year-over-year increase from the same period in 2025.
Bettors hammered underdog Argentina last Sunday, but Spain won 1-0 in extra time, leading to even more profits from the 3-way moneyline wagers.
New York sports betting operators generated at least $60 million in gross revenue for the third time in four weeks, including a back-to-back week total of nearly $130 million. The latest hold was higher than the 14.2% win rate generated during the previous week.
Operators hauled in huge profits despite the handle dipping below $400 million for the first time since the week ending August 10, 2025.
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Big profits
FanDuel produced a massive week during the period ending July 19, winning back an incredible 19.8% on a $134 million handle. The $26.6 million gross revenue week was its highest in 10 weeks. Week-over-week profits were up 6.4% despite FanDuel's New York customers wagering $28.5 million less than the previous period.
DraftKings was over the state average, generating a 16.5% hold on a New York-best $139.8 million handle. The online operator surpassed $20 million in gross revenue in consecutive weeks for the first time since the end of November and beginning of December last year.
Seeing double
Five of the other six New York online sportsbooks generated win rates above 10%. BetMGM led that group with a 14.6% hold on a $29.9 million handle, while theScore Bet kept 13% of $6.5 million in wagers.
Fanatics reached 10.3% on a $48.6 million handle, and BetRivers made it to double digits on $8.6 million in bets. Bally Bet won back 10.5% of a $3 million handle, while Caesars nearly made it eight-for-eight but fell short with a 9.8% hold on $25.8 million in wagers.
