New York’s nine online sports betting operators eclipsed $200 million in gross revenue for the second consecutive month and set a new state win rate record in June.
Key takeaways
- The 12.5% hold beat out the previous 11.5% high set in both August and September 2022.
- June revenue spiked 54% from the same month in 2024 while handle rose 11.7%.
- FanDuel and DraftKings had 75.6% of the month's entire gross revenue.
The New York Gaming Commission reported Thursday that mobile sportsbooks generated $206.5 million in profit from a $1.65 billion handle. They hauled in $248.9 million in revenue from $2.21 billion in bets during a record-setting May. June’s 12.5% hold beat out August and September 2022, which were tied at 11.5%, for the highest win rate ever.
New York online sports betting operators enjoyed a whopping 54% year-over-year revenue increase in June, while hold was up from the previous June’s 9.1%. Handle spiked 11.7% year-over-year, but was the lowest in 2025 and second under $2 billion.
What a run
It’s the first time the U.S.' most lucrative market went over $200 million in back-to-back months since online wagering launched in January 2022. May and June revenue totals combined increased 34.8% compared to the same two months in 2024.
All that operator profit led to $105.3 million in state tax income, now over $656 million year-to-date. More than $230 million of that was during the last two months.
Market leaders own June
| Online Operator | June Handle | Revenue |
|---|---|---|
| DraftKings | $607 million | $69.8 million |
| FanDuel | $563.7 million | $86.3 million |
| Fanatics Sportsbook | $151.7 million | $17.3 million |
| BetMGM | $116.6 million | $11.9 million |
| Caesars | $108.3 million | $12.3 million |
| ESPN BET | $46.1 million | $4.1 million |
FanDuel and DraftKings combined to generate 75.6% of New York’s June gross revenue and hauled in 44.8% more profit than in June 2024. DraftKings led all operators with a $607 million handle, but FanDuel used a massive 15.4% hold to generate more income from a $563.7 million haul.
Three other Empire State sportsbooks enjoyed double-digit holds in June. Fanatics Sportsbook was one, finishing third with $151.7 million in wagers and $17.3 million in profit. BetMGM also eclipsed a 10% win rate with a $11.9 million revenue on a $116.6 million handle.
Caesars stayed above $100 million in bets during June and hauled in a $12.3 million profit, while ESPN BET topped BetRivers in both categories to finish sixth.
Resorts World Bet ceased online operations at the end of June and exited New York's market, generating $229,357 in income on a $2.75 million handle in its final month. Operating since March 2022, the online sportsbook ends its Empire State run with $266 million in bets and $17.8 million in gross revenue.
Weekly handle, profits rise slightly
New York's Gaming Commission also reported Thursday the Empire State’s nine online sportsbooks generated $354.4 million in wagers during the week ending July 6, including a long Fourth of July weekend.
With a heavy MLB slate and the Nathan’s Hot Dog Eating Contest drawing bettors, handle increased 1.3%. However, the summer slowdown took effect, producing the fourth consecutive week with under $400 million bet, the longest such run in 11 months.
New York online sports betting operators hauled in $38.1 million in gross revenue, a more impressive 14.4% week-over-week spike, but well below the five-week streak of over $50 million in profit. The 10.7% hold was up from the previous week’s 9.5% win rate. Sports betting operators in New York combined to post a double-digit hold in six of the last eight weeks.
