New York’s Sports Betting Vertical Generated Handle of $1.4 Billion in July

Recent Analytics’ Details

Key figures from the report:

1. Gross revenue reached $155.6 million, marking a 10.5% YoY upsurge and a 24.9% decrease from June 2025. July became the first month this year with profits below $160 million. The last similar decline occurred in December with $150.1 million.
2. Hold percentage for online brands stood at 11.1%, consistent with the July 2024 figures, yet it ranks as the 3rd-highest result in 2025. The market slowdown is attributed to the usual summer lull, with no significant sporting events during the reporting period, except for a limited NFL preseason.
3. State tax profits declined by nearly $30 million MoM and reached $79.3 million. Despite this, total commissions for the first 7 months of 2025 have already surpassed $700 million.

Most leading brands in the segment experienced annual growth despite MoM declines. Although these drops occurred, experts remain optimistic about the sector's prospects, thanks to increased activity and dynamism in the sports sphere.

New York’s Best-Performing Betting Brands

The top 3 local operators are listed as follows:

1. DraftKings led with an impressive result of over $500 million in wagers in July, continuing a sequence of records and maintaining monthly volume above half a billion dollars throughout the current year. Its earnings reached $52.5 million.
2. FanDuel ranked second, with $476.9 billion in accepted bets and a 12.8% hold rate, generating $61.3 million in profit.
3. Fanatics Sportsbook showed steady growth, with revenue of $13.9 million, representing a $5 million increase from 2024, and handle exceeding $100 million.

At the same time, BetMGM and Caesars demonstrated comparable results, concluding the reporting period with total wagers of $98.1 million and $97.9 million, respectively. The former achieved $10 million in earnings, while the latter generated just $250,000 less.

The list of the state's well-performing bookmakers (handle and profits) also included:

• ESPN Bet — $37.1 million and $3.9 million;
• BetRivers — $35 million and $3.3 million;
• Bally Bet — $9.2 million and $0.9 million.

However, the situation is changing. Between July 28th and August 3rd, New York’s operators reported interim results of $36 million in profits. The total amount of accepted bets has already surpassed $338.7 million.