New York online sports betting handle back above $2 billion in August
Summary
New York’s online sports betting handle returned above $2 billion in August, with total wagers of $2.04 billion — the first month above $2 billion since May. The New York State Gaming Commission reported gross gaming revenue of $178.2 million, a 42.6% increase year-on-year and 14.5% higher than July, although it was the third-lowest monthly revenue so far in 2025. Hold for August was 8.72%.
Operator breakdown: FanDuel led revenue with $66.9m from a $561.9m handle (11.91% hold). DraftKings was second with $62.3m from $579.6m (10.75% hold). Fanatics posted an all-time high monthly handle of $565.8m after a near $120m single-bet week but recorded only $16.1m revenue (2.85% hold). BetMGM, Caesars, Rush Street Interactive, ESPN Bet, Bally Bet and Resorts World posted smaller revenues and varying holds.
Key Points
- Total online handle: $2.04 billion in August — first time above $2bn since May.
- Revenue: $178.2 million, up 42.6% year-on-year; month hold: 8.72%.
- FanDuel led revenue: $66.9m from $561.9m (11.91% hold).
- DraftKings second in revenue: $62.3m from $579.6m (10.75% hold).
- Fanatics recorded an all-time monthly handle ($565.8m) but low hold (2.85%) after a near $120m single wager.
- Other notable figures: BetMGM $13.8m; Caesars $10.7m; Rush Street $4.0m; ESPN Bet $3.6m; Bally Bet and Resorts World reported lower revenues.
Context and relevance
These figures show sustained consumer spending in New York’s regulated online market and underline how operator competition and very large individual wagers can skew monthly results. The data are relevant to operators monitoring market share, investors watching revenue and hold trends, and regulators tracking market stability through 2025.
Why should I read this?
Quick and useful — if you follow US sports betting, this tells you who’s winning market share, where the revenue is coming from and how single huge bets can distort monthly numbers. Short summary, no fluff — saves you digging through the full commission report.
Author style
Punchy: big numbers, clear leader. FanDuel tops revenue, DraftKings takes more bets but trails slightly on revenue, and Fanatics’ huge-handle month highlights scale versus profitability. Read if you need a fast read on market dynamics.
Source
Source: https://igamingbusiness.com/sports-betting/new-york-online-sports-betting-handle-august/