New York Sports Betting Revenue Climbs to 36 Million in Early August

New York’s sports betting market just posted another strong week, with handle and revenue both climbing for the week ending Aug. 3. The New York Gaming Commission reported $338.7 million in wagers, marking the seventh time in the past eight weeks online betting topped $300 million. MLB action and the first NFL preseason game between the Chargers and Lions helped fuel the boost.

Good to know

• Gross revenue hit $36 million, up 3.5% from the previous week.
• Sportsbooks kept a 10.6% hold for the second straight week.
• Revenue jumped 59% compared to the same week last year.

FanDuel led all operators with a $111.7 million handle and a 14.9% hold, earning $16.9 million — its best week since June 22. DraftKings followed closely with a $110.2 million handle and a 13% hold, producing $14.3 million in profit. Combined, the two accounted for 65.5% of total wagers and 86.7% of gross revenue.

Fanatics Takes Rare Loss, Others Post Gains

Fanatics Sportsbook posted a $3.8 million loss — just its second since launching in New York in February 2024 — despite a record $46.7 million handle for the week. BetMGM earned $3.7 million from $26.9 million in bets, while Caesars brought in $3 million on a $22.1 million handle. ESPN BET surpassed $10 million in wagers for the second straight week, earning $1.2 million on a 12.3% hold. BetRivers and Bally Bet each posted holds under 8% on smaller handles.