New York online sports betting handle slips to 12-month low in July

Summary

Consumer spending on online sports betting in New York fell to a 12-month low in July, with players wagering $1.4 billion, according to the New York State Gaming Commission. That figure is the lowest since $1.27 billion was bet in July 2024 and represents a 15.2% drop from June 2025. Gross gaming revenue (GGR) for July was $155.8 million — up 10.6% year-on-year but down 24.8% month-on-month — leaving the state with an 11.1% monthly hold.

Key Points

• Total online handle in July: $1.4 billion (lowest since July 2024’s $1.27bn).
• July handle down 15.2% from June 2025 ($1.65bn).
• Gross gaming revenue for July: $155.8 million — +10.6% year-on-year, -24.8% from June.
• State monthly hold: 11.1%.
• FanDuel led revenue: $61.4m from $476.9m handle (12.87% hold).
• DraftKings second in revenue but had the largest handle: $52.5m from $509.4m (10.31% hold).
• Other operator results: Fanatics $13.9m (10.09% hold), BetMGM $10m (10.19% hold), Caesars $9.7m (9.91% hold).
• Smaller operators included ESPN Bet ($3.9m), Rush Street Interactive ($3.4m), Bally Bet ($865,910) and Resorts World ($229,357).

Context and relevance

July’s dip shows a notable month-on-month slowdown after a stronger June, but the market still posted year-on-year growth in both handle and revenue. The numbers highlight two concurrent trends: short-term volatility in monthly wagering and the continued dominance of major operators in revenue terms despite fluctuations in handle. For anyone tracking US sports-betting markets, operator performance or state-level tax receipts, the report is a useful snapshot of where New York stands mid-2025.

Why should I read this?

Short version: if you care about US sports-betting trends or operator market share, this gives you the headline figures fast — monthly slump, but overall growth versus last year, and who’s raking in the revenue. We read the full report so you don’t have to.

Author’s take

Punchy and to the point: July’s down month isn’t a market collapse, but it’s a reminder that monthly swings matter for operators, regulators and investors. FanDuel keeps the revenue lead; DraftKings keeps the biggest handle — that tug-of-war is where the competitive story lives.