New York Mobile Sportsbooks Report Record September Handle with Compressed Hold and Lower Revenue

New York’s eight mobile sportsbooks handled $2.4 billion in September, up 5% from the prior year. Gross gaming revenue fell 17.7% to $159.4 million and the hold rate dropped to 6.6% from 8.5%, according to InGame. This marks the lowest September hold since mobile betting launched in January 2022. The state collected $81.3 million in tax receipts.

The NFL season produced a 38.7% increase in handle from August, though revenue declined 5.4%. The week ending September 13 generated nearly $595 million in wagers at a 2.9% hold.

Volume Drivers and Margin Pressure

The return of football boosted action across operators. Bettors wagered more but sportsbooks retained less of the handle. Six of the eight operators posted year-over-year revenue declines despite mixed handle results. Cumulative mobile handle in the state now stands at $103.8 billion.

Operator Results

FanDuel led with $904.7 million handle and $63.7 million revenue at 7% hold. DraftKings posted $840.1 million handle and $56 million revenue at 6.7% hold. The pair accounted for 72.7% of statewide handle.

Fanatics increased handle 21.8% to $266.8 million but revenue fell 29.8% to $14.4 million. Caesars held $152.7 million in wagers at the market-low 5.2% hold, producing $7.9 million revenue. BetMGM generated $10 million revenue, BetRivers $3.4 million, theScore Bet $2.8 million and Bally Bet $1.2 million. theScore Bet and Bally Bet were the only two to grow revenue year-over-year.

Through the first six months of the 2026-2027 fiscal year, handle totals $12.56 billion, revenue $1.11 billion and state receipts $564.8 million.