New York reported a year-on-year increase in online sports betting handle and revenue in August, with consumer spending above $2 billion for the first time since May.
Total handle for the month was $2.04 billion, the New York State Gaming Commission reported. This was 41.9% more than August 2024 and 45.9% ahead of the $1.4 billion wagered this July.
Gross gaming revenue stood at $178.2 million. This beat the previous year by 42.6% and was 14.5% more than in July. However, it was the third-lowest monthly total so far in the 2025 calendar year.
As for hold, this stood at 8.72% for the month of August.
FanDuel holds the lead in New York
Flutter’s FanDuel remained the market leader in terms of revenue during August. It reported $66.9 million off a $561.9 million handle for a hold of 11.91%.
DraftKings remained second despite again taking more wagers than its longtime rival. In total, revenue hit $62.3 million from $579.6 million in bets, leaving a 10.75% hold.
Record month for Fanatics
Fanatics again took third with $16.1 million off $565.8 million, with the latter an all-time monthly high for the operator. This followed a single bettor wagering almost $120 million during a single week in August. However, with revenue still on the lower side, this meant a hold of just 2.85%.
Next, BetMGM took $13.8 million from $130.4 million for a 10.58% hold. Caesars completed the top five with $10.7 million off $113.5 million, leaving a hold of 9.43%.
Rush Street Interactive posted $4 million in revenue off a $40.8 million handle for a 9.8% hold. ESPN Bet was narrowly behind with $3.6 million, also from a $40.8 million handle, for a hold of 8.82%.
Bally Bet had revenue of $839,409 from $11.7 million, meaning a 7.18% hold. Resorts World again trailed in the New York market with $229,357 off $2.8 million for an 8.33% hold.
Wagers in New York last month totalled $2.04 billion while revenue for the month hit $178.2 million.