- New York’s mobile sportsbooks kept 16.05% of wagers in the week ending July 19, a fiscal-year high.
- Handle fell to $396.2 million, the lowest week of the fiscal year and a second straight decline.
- Weekly revenue of $63.6 million rose 97.8% from the same week of 2025 and produced roughly $32.4 million in tax.
- Fiscal-year revenue is up just 1.9% despite 12.2% more handle, held down by June’s negative week.
NEW YORK – New York’s mobile sportsbooks kept 16.05% of the money bet in the week ending July 19, the highest weekly hold rate of the fiscal year, the New York State Gaming Commission reported. Handle over the same seven days fell to $396.2 million, the lowest week of the fiscal year and the second straight decline.
Revenue Came From Hold, Not Volume
New York’s mobile operators reported $63,579,446 in gross gaming revenue on $396,178,246 in wagers for the week, according to the commission’s statewide weekly totals. Hold is the share of money wagered that the books keep after paying winners. The 16.05% rate is the second-highest weekly figure since mobile betting launched in the state in January 2022, behind only the 17.61% recorded in the week ending Jan. 18, 2026.
Volume moved the other way. Handle slid for a second consecutive week, from $548.8 million in the week ending July 5 to $464.5 million and then $396.2 million, the smallest week since the fiscal year began in late March.
The same market took $266.6 million in wagers and kept $32.1 million in the equivalent week of 2025, which ended July 20. Handle rose 48.6% against that week and revenue rose 97.8%. Across the World Cup’s final two weeks, which ended July 12 and July 19, New York’s books kept $129.6 million of $860.6 million wagered, a combined 15.05%.
New York taxes mobile sports wagering revenue at 51% and directs the proceeds to education, so the week sent roughly $32.4 million to the state. Because the tax lands on revenue rather than handle, a high-hold week on light volume pays the state more than a heavy-volume week that bettors win. The spring showed the same arithmetic, when a high April hold rate of 11.28% turned a comparatively thin $2.17 billion monthly handle into $244.1 million.
FanDuel Kept Nearly A Fifth Of Its Handle
The commission’s per-operator weekly reports show FanDuel took in $26,554,139 on $133,999,845 in wagers, a 19.82% hold and the largest revenue total of any operator that week. Caesars Sportsbook kept $2,525,190 of $25,844,620 over the same seven days, a 9.77% rate. Both books are licensed for New York sports betting.
One Negative Week Still Weighs On The Fiscal Year
Through 17 weeks of the 2026-27 fiscal year, New York’s mobile books have taken $8.43 billion in wagers, up 12.2% from $7.51 billion over the same span a year earlier. Revenue has barely moved, at $772.5 million against $757.8 million, a gain of 1.9%.
The gap traces to a single week. Statewide revenue in the week ending June 14 came in at negative $48,515,979 on $587.6 million in handle, the only negative statewide week since the market opened. FanDuel accounted for $22,574,161 of that loss.
The commission books this market on a cash basis. A futures bet counts as taxable revenue the week it is struck, its report notes, while the payout on a winning ticket only lands in the week the bettor cashes it. That accounting is why a week of heavy redemptions can post a negative number while a week of light ones can post a fiscal-year-high rate.
July’s Monthly Report Lands Next Month
The commission had not posted a line for the week ending July 26 as of Wednesday. Its July monthly report, which breaks out legal sports betting totals by operator, is due next month.
