Increased profits reported by mobile betting companies in New York during July
New York Mobile Sports Betting Market Shows Solid Growth in July 2025
The New York mobile sports betting market experienced a significant boost in July 2025, with key metrics showing year-over-year growth. According to data from the New York State Gaming Commission, the total mobile betting handle reached an impressive $1.4 billion, marking an 11% increase from July 2024. The mobile betting gross gaming revenue (GGR) also saw a rise, reaching $155.6 million, up 10.5% year-over-year [1].
However, both the handle and revenue declined compared to June 2025 due to seasonal effects. July, being a month with fewer NBA games and limited NFL preseason, saw a natural dip in betting activities [1].
In terms of revenue distribution, DraftKings led in wagering handle with $500 million, making it the only operator above the half-billion mark in July. FanDuel, with a slightly smaller handle of $476.9 million, outperformed DraftKings in gross revenue. FanDuel's higher hold rate of 12.8% resulted in generating $61.3 million in GGR, which was $8.8 million more than DraftKings’ revenue [1].
The state's tax revenue from sports betting was $79.3 million for July 2025, down from June but pushing total 2025 tax receipts above $700 million [1].
Here's a summary of the key findings for July 2025:
| Metric | Value | Year-over-Year Change | Leading Company | |-------------------------|------------------------|----------------------------|--------------------------| | Total Handle | $1.4 billion | +11% vs. July 2024 | DraftKings ($500 million)| | Gross Gaming Revenue | $155.6 million | +10.5% vs. July 2024 | FanDuel ($61.3 million) | | Revenue to Platform Providers (GGR) | FanDuel led with $61.3M; DraftKings second with ~$52.5M | N/A | FanDuel | | State Tax Revenue | $79.3 million | N/A | N/A |
This performance reflects strong competition between DraftKings and FanDuel, with DraftKings leading in handle and FanDuel in revenue due to better hold percentage. The seasonal declines affected July compared to prior months but overall year-over-year figures were positive [1].
As of July 2025, DraftKings led in wagering handle, while FanDuel led in gross gaming revenue and platform revenue. The broader market showed year-over-year growth in both handle and GGR in New York's mobile sports betting sector.
Weekly trends in early August show FanDuel continues to lead weekly handles and maintain strong profits, consistent with July’s overall pattern [3].
It's important to note that the New York State Gaming Commission is the gambling regulator in New York. FanDuel's net revenue during July 2021 was higher than DraftKings', hitting $30.1m. The proceeds to education in July 2021 increased by more than the net revenue collected by licensed mobile sports betting operators compared to July 2024 [2].
The 51% tax on mobile betting revenue applies to licensed operators in the state. In July 2021, DraftKings recorded the highest mobile sports wagering handle of $509.4m, while FanDuel reported $476.9m in mobile wagering handle and $61.4m in betting GGR during the same month [2]. Fanatics posted $13.9m in mobile sports betting GGR and $6.8m in net revenue in July 2021, and reported the third-highest mobile betting handle in July 2021, with $137.7m [2].
New York is one of the largest sports betting markets in North America. However, the New York State Gaming Commission has not yet released financial data for Resorts World BET from last month.
[1] [Source for July 2025 data] [2] [Source for July 2021 data] [3] [Source for early August 2025 data]
- The strong competition between betting markets, particularly DraftKings and FanDuel, within the sports betting sector of New York's mobile market was evident in July 2025, as DraftKings led in wagering handle while FanDuel led in gross gaming revenue and platform revenue.
- Despite seasonal declines affecting July's figures compared to prior months, the overall year-over-year figures for both the total handle and gross gaming revenue showed a positive increase in New York's sports-betting market.
- The financial transactions and revenues from sports betting in New York are regulated by the New York State Gaming Commission, and a significant portion of the revenue generated from sports betting is allocated towards state taxes, as per the 51% tax on mobile betting revenue applied to licensed operators in the state.
