New York Mobile Sportsbooks Post $214.4 Million July Revenue on 11.4 Percent Hold
TL;DR — New York mobile sportsbooks generated $214.4M GGR in July from $1.88B handle at 11.4% hold, rebounding sharply from June’s $116.8M on 5.19% hold despite a 16.7% handle decline. World Cup activity drove 34.3% YoY handle growth and favorable moneylines lifted retention. Tax collections rose to $109.3M.
SCCG Take — Hold-rate volatility around tentpole events like the World Cup highlights revenue unpredictability for operators in New York’s high-tax environment.
New York’s eight online sportsbooks generated $214.4 million in gross gaming revenue during July from a $1.88 billion handle. The New York Gaming Commission reported an 11.4 percent hold, more than double the 5.19 percent recorded in June when the handle hit a monthly record of $2.25 billion but produced only $116.8 million in revenue.
July reversed the prior month’s pattern. The handle dropped 16.7 percent month-over-month yet revenue rose 83.5 percent. Six of the state’s eight sportsbooks posted month-over-month revenue growth and overall revenue climbed 37.8 percent year-over-year. The 2026 FIFA World Cup hosted in North America lifted activity in a month that usually slows after the major U.S. leagues end their seasons.
World Cup Volume and Hold Recovery
New York’s July handle rose 34.3 percent year-over-year following a 36.6 percent gain in June. The two World Cup months together produced $4.1 billion in wagers. Favorable three-way moneyline results, including Spain’s final win over Argentina, supported the higher hold. The July handle stayed well above the $1.40 billion recorded in July 2025 and the $1.26 billion from July 2024, even though it fell below $2 billion for the first time in 11 months.
Tax Collections and Operator Results
At a 51 percent tax rate on mobile sports wagering revenue the state collected approximately $109.3 million from July activity, up from $59.6 million in June. Year-to-date tax revenue has now surpassed $725 million. According to reporting by Yogonet International, DraftKings led handle at $661.5 million and generated $72.9 million in revenue. FanDuel recorded the highest gross revenue at $86.1 million on a $651.2 million handle and 13.2 percent hold. Fanatics, BetMGM, Caesars, BetRivers, theScore Bet and Bally Bet posted the remaining figures with varying holds and revenue changes.
Reporting: Yogonet International
Generated by SCCG’s automated editorial system from published source reporting. SCCG Management holds editorial responsibility.
Hold volatility around global events is the real revenue driver in high-tax New York, not handle alone.
At SCCG we've watched 30+ regulated markets, and New York's 51% tax rate makes hold variance brutal—operators can post record handle and still bleed. July's 11.4% hold rescued profitability after June's 5.19% cratered margins despite $2.25B wagered. World Cup three-way moneylines are a margin lifeline in shoulder months.
- $214.4M July GGR on $1.88B handle at 11.4% hold—83.5% revenue jump despite 16.7% lower handle than June
- World Cup drove 34.3% YoY handle growth; favorable moneyline outcomes lifted retention sharply
- State collected $109.3M at 51% tax rate; YTD tax haul tops $725M
SCCG angle: SCCG's risk management and market strategy partners help operators stabilize margin in high-tax states—we connect books to pricing tech, liability hedging platforms, and trading talent who've navigated World Cup swings across 545+ partnerships. When hold is your lifeline, we bring the network that keeps you profitable through volatility.
Gaming, betting and prediction markets — the desk’s read, every weekday.
Subscribe →