Consumer spending on online sports betting in New York dropped to a 12-month low during July, though the Empire State was able to report year-on-year growth across both handle and revenue for the month.
Players wagered $1.4 billion in July, according to the New York State Gaming Commission. This was the lowest monthly amount since $1.27 billion was bet in the same month last year.
It also fell 15.2% short of the $1.65 billion spent betting on sports in June this year.
In terms of gross gaming revenue from sports betting, this amounted to $155.8 million for the month. The total exceeded July 2024 by 10.6% but was 24.8% behind June this year.
As such, New York was left with a monthly hold of 11.1%.
FanDuel keeps lead in New York despite higher DraftKings handle
Looking to operators, Flutter-owned FanDuel continued to lead the way in revenue terms. It posted $61.4 million off a $476.9 million handle for a monthly hold of 12.87%.
DraftKings again placed second but had a larger handle than its longtime rival. For July, the operator took $52.5 million in revenue from $509.4 million in bets, meaning a 10.31% hold.
Fanatics was the next closest challenger, posting $13.9 million off $137.7 million for a hold of 10.09%. BetMGM followed with $10 million from $98.1 million, resulting in a 10.19% hold.
Caesars completed the top five with $9.7 million off $97.9 million, meaning a total hold of 9.91%.
Elsewhere in the market, ESPN Bet posted revenue of $3.9 million off a $37.1 million handle for a 10.51% hold. Rush Street Interactive was the only other operator to exceed $1 million in revenue. It reported $3.4 million from $35 million, meaning a hold of 9.71%.
Bally Bet came next, posting $865,910 off $9.2 million for a 9.4% hold. Resorts World was last with $229,357 from $2.8 million, leaving a hold of 8.33%.
Player spending on sports betting fell to its lowest since July 2024 in New York.