New York’s Betting Landscape: A Mixed Bag of Trends
Revenue Highlights: An Unexpected Resilience Amid Declining Player Spend
In the ever-evolving world of mobile sports betting, New York has showcased an intriguing dynamic this June. Although player expenditures dipped to their lowest point in ten months, the overall gross gaming revenue (GGR) still managed to surpass the impressive mark of $200 million.
For June, the total handle stood at a notable $1.65 billion, as reported by the New York State Gaming Commission. This figure marks the lowest monthly total since August of the previous year, when betting amounts reached $1.45 billion.
Despite this decline, it’s worth noting that the June handle represented a 12% increase compared to the same month last year. However, it was a stark 25.4% decrease from May’s booming $2.21 billion.
The GGR for the month was recorded at $206.5 million, reflecting a substantial 65.2% increase over June 2024, yet still falling short by 17% in comparison to May’s revenue. This revenue placed June among the top three months of 2025 in terms of GGR, showcasing the unusual stability in a period of reduced player spending.
Operator Competition: FanDuel vs. DraftKings
When it comes to market players, FanDuel has managed to maintain its dominance, even with a lower betting volume than its competitor, DraftKings. In June, FanDuel generated $86.3 million from a $563.7 million handle, resulting in a robust hold rate of 15.31%.
Conversely, DraftKings handled more bets—$607 million—but saw a lower revenue total of $69.8 million, translating to an 11.5% hold. Meanwhile, Fanatics secured third place with $17.3 million on $151.7 million in wagers, showing an 11.4% hold.
Caesars reported $13.8 million in revenue from a $152.3 million handle, indicating a hold of 9.06%. Not far behind, BetMGM presented figures showing $11.9 million in revenue from $116.7 million in bets, with a hold of 10.2%.
Several other operators also participated in the New York market. ESPN Bet took in $4 million on a $48.2 million handle, demonstrating an 8.3% hold. Rush Street Interactive managed $3.7 million from $40.4 million, with a 9.16% hold, while Bally Bet reported a modest $791,201 off $9.9 million, accounting for a 7.95% hold. Lastly, Resorts World Bet brought in a mere $229,357 from a $2.8 million handle, yielding an 8.33% hold.
Conclusion: The Road Ahead
As New York’s mobile sports betting landscape continues to develop, the fluctuations in player spending and operator performance paint a complex picture. While the overall revenue remains resilient, the drop in spending signals an interesting challenge for operators. The competitive landscape among major players like FanDuel and DraftKings will likely shape the future of betting in the Empire State, paving the way for innovations and strategic adjustments as they navigate these changing tides.