New York Sports Betting Revenue Remains Strong in June

New York’s mobile sports betting market showed continued strength in June, posting its third-highest monthly revenue total of 2025—even as player spending fell to a 10-month low.

According to data released by the New York State Gaming Commission, bettors in the Empire State wagered $1.65 billion in June, the lowest figure since $1.45 billion was recorded in August 2024. The drop represents a 25.4% decline from May’s handle of $2.21 billion. However, the total was still up 12% compared to June of last year, signaling a broader upward trend in year-over-year performance.

Despite the downturn in betting volume, gross gaming revenue (GGR) remained robust. Operators generated $206.5 million in GGR for the month—65.2% higher than June 2024, though 17% below the record-setting May. The resulting hold rate stood at 12.52%, suggesting sportsbooks capitalized on favorable outcomes and efficient margin management.

FanDuel Outpaces DraftKings in Revenue

FanDuel continued to lead the New York market in revenue despite trailing rival DraftKings in total wagers. FanDuel brought in $86.3 million in GGR from a $563.7 million handle, translating to a market-leading hold of 15.31%. In contrast, DraftKings processed a higher volume—$607 million—but generated $69.8 million in revenue, for a lower 11.5% hold.

Fanatics secured third place with $17.3 million in revenue from a $151.7 million handle, resulting in an 11.4% hold. Caesars followed closely, recording $13.8 million in GGR off $152.3 million, or a 9.06% hold. BetMGM rounded out the top five operators with $11.9 million in revenue from a $116.7 million handle, yielding a 10.2% hold.

Among the smaller platforms, ESPN Bet posted $4 million in revenue from $48.2 million wagered (8.3% hold), while Rush Street Interactive generated $3.7 million on $40.4 million (9.16% hold). Bally Bet took in $791,201 from $9.9 million (7.95%), and Resorts World Bet remained at the bottom with $229,357 from a $2.8 million handle, reflecting an 8.33% hold.

 

Even with the lowest handle in 10 months, New York’s sportsbooks delivered one of their strongest revenue performances of 2025—underscoring the market’s resilience and operator efficiency.

Analysis

June’s figures reflect a seasonal slowdown typical of the summer sports calendar, when fewer marquee events lead to lighter wagering activity. However, the high hold rate and strong year-over-year revenue growth suggest that New York’s sports betting market remains resilient, buoyed by effective risk management and increasing operator efficiency.

As the market matures, performance gaps between leading operators like FanDuel and DraftKings continue to hinge not just on volume, but on margin performance—an increasingly critical differentiator in the state's competitive environment.

With football season approaching, operators will be closely watching for a return to higher volumes in the second half of the year. For now, the June data shows that even in a lower-volume month, New York's market remains a national powerhouse.