New York Sportsbooks Produce Second Straight $200 million Profit Month, Set new June Hold Record

New York’s nine online sports betting operators eclipsed $200 million in gross revenue for the second consecutive month and set a new state win rate record in June.


- The 12.5% hold beat out the previous 11.5% high set in both August and September 2022.
- June revenue spiked 54% from the same month in 2024 while handle rose 11.7%.
- FanDuel and DraftKings had 75.6% of the month's entire gross revenue.


The New York Gaming Commission reported Thursday that mobile sportsbooks generated $206.5 million in profit from a $1.65 billion handle. They hauled in $248.9 million in revenue from $2.21 billion in bets during a record-setting May. June’s 12.5% hold beat out August and September 2022, which were tied at 11.5%, for the highest win rate ever.


Online New York sports betting operators enjoyed a whopping 54% year-over-year revenue increase in June, while hold was up from the previous June’s 9.1%. Handle spiked 11.7% year-over-year, but was the lowest in 2025 and second under $2 billion.


What a run


It’s the first time the U.S.' most lucrative market went over $200 million in back-to-back months since online wagering launched in January 2022. May and June revenue totals combined increased 34.8% compared to the same two months in 2024.


All that operator profit led to $105.3 million in state tax income, now over $656 million year-to-date. More than $230 million of that was during the last two months.


Market leaders own June


FanDuel and DraftKings combined to generate 75.6% of New York’s June gross revenue and hauled in 44.8% more profit than in June 2024. DraftKings led all operators with a $607 million handle, but FanDuel used a massive 15.4% hold to generate more income from a $563.7 million haul.


Three other Empire State sportsbooks enjoyed double-digit holds in June. Fanatics Sportsbook was one, finishing third with $151.