New York’s Gaming Commission has released its monthly sportsbook industry report. According to the document, the local betting market reached $1.4 billion in total wagers in July 2025. This result exceeded $1.26 billion gained in the same period of 2024.
Key Notions from the Recent Analytics
Fundamental figures:
- Gross revenue. It was $155.6 million, up 10.5% YoY but down 24.9% from June 2025. July became the first month this year in which earnings fell below $160 million. The previous similar drop was recorded last December ($150.1 million).
- Hold. Online brands declared a rate of 11.1%, which aligns with the figures for July 2024. Yet, it is the 3rd-highest result in 2025. The market slowdown is due to the traditional summer lull. There were no major sporting events during the reporting period, other than a limited NFL preseason.
- State tax revenues. These fell by almost $30 million MoM and amounted to $79.3 million. Nevertheless, total commissions for the first 7 months of 2025 have already exceeded the $700 million mark.
Most prominent enterprises in the vertical saw yearly growth amid MoM declines. Despite these drops, the sphere has good prospects for the near future due to more dynamism in the sports field.
Leaders of New York’s Betting Industry
The list of the top 3 local operators is as follows:
- DraftKings. The enterprise was the only one to surpass the $500 million mark in wagers in July. The company continued a series of records, accounting for over half a billion dollars monthly throughout the current year. Its profits stood at $52.5 million.
- FanDuel. It took second place in turnover with $476.9 billion in accepted bets and a 12.8% hold rate. Its revenue reached $61.3 million.
- Fanatics Sportsbook. The brand demonstrates stable growth. Its profits amounted to $13.9 million, which is $5 million more than in 2024, and handle exceeded $100 million.
Meanwhile, BetMGM and Caesars delivered almost equal results, ending the reporting period with total wagers of $98.1 million and $97.9 million, respectively. The former generated $10 million in revenue, while the latter earned just $250,000 less.
Good-performing bookmakers (handle and profits) in the state also included:
- ESPN Bet — $37.1 million and $3.9 million;
- BetRivers — $35 million and $3.3 million;
- Bally Bet — $9.2 million and $0.9 million.
The situation has already begun to change. In the week from July 28th to August 3rd, New York’s bookmakers reported interim results of $36 million in revenues. The total volume of accepted wagers has already exceeded the mark of $338.7 million.
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