In July 2025, sports wagering in New York surged to $1.4 billion, up from $1.26 billion the previous July, although it marks the lowest total handle since last August, as reported by the New York Gaming Commission.

The total gross revenue generated by sportsbooks was $155.6 million, reflecting a year-over-year growth of 10.5%, despite a marked 24.9% drop when compared to June 2025. This represents the first monthly profit below $160 million this year and the lowest since December 2024, which reported $150.1 million.

Online operators posted a strong hold rate of 11.1%, consistent with July 2024 figures, ranking as the third highest percentage recorded this year. The slower activity in July was partly due to the absence of NBA games and the limited NFL preseason schedule, indicating a common summer betting lull.DraftKings CEO Jason Robins stated in a recent earnings call that MLB betting volume increased by 10% year-over-year in July, even as sportsbooks faced challenges capitalizing on the high win rates during the All-Star break, which was the slowest betting week in nearly a year.

New York’s tax revenue from sports betting amounted to $79.3 million in July, which denotes a decline of nearly $30 million from June, but propels total tax receipts for 2025 to over $700 million.

DraftKings led the sports betting sector with a handle of $500 million, being the only operator to exceed the half-billion mark in July, maintaining its streak of monthly handles above $500 million throughout the year. FanDuel’s handle dropped to $476.9 million, marking its first decline below $500 million since July 2024. However, FanDuel’s impressive hold rate of 12.8% generated $61.3 million in revenue, exceeding DraftKings by $8.8 million.

Fanatics Sportsbook recorded its 11th consecutive month with over $100 million in wagers and achieved the third-highest revenue with $13.9 million, which is an increase of $5 million year-over-year. BetMGM and Caesars remained close competitors, reporting handles of $98.1 million and $97.9 million, respectively, with their revenues differing by less than $250,000.

Additional operators included ESPN BET, which ranked sixth with a handle of $37.1 million and revenue of $3.9 million, just slightly below its June performance. BetRivers and Bally Bet followed with handles of $35 million and $9.2 million, resulting in revenues of $3.3 million and an estimated $0.9 million, respectively.

Looking forward, New York sportsbooks are preparing for an end to the summer decline as college football’s Week 1 kicks off in the final weekend of August, followed by the NFL season launch in early September. Last season, the state experienced five consecutive months with handles exceeding $2 billion.

In the week ending August 3, sportsbooks accumulated $36 million in revenue from a total of $338.7 million wagered.