The New York State Gaming Commission reported $140.9 million in sports betting revenue for July, fueled by a collective 11.1% hold from its nine mobile sportsbooks.
The overall win rate was also 11.1%, which is the fourth-highest in 31 months with mobile wagering available in the Empire State. The $1.27 billion in total handle was up 31% compared to July 2023, which was the only time in the last 23 months New York bettors failed to wager at least $1 billion in a month.
Revenue was up 33.5% compared to 12 months prior as it was the third time in as many years with mobile betting the hold in July was at least 9.1%. New York’s four commercial retail sportsbooks also had a banner month, combining for a 13.3% hold in reaping $527,600 from nearly $4 million wagered. Despite handle declining 14.3% compared to June, the high hold meant revenue ticked 5% higher.
The state’s $71.6 million in total tax revenue lifted the all-time national amount in the post-PASPA era to over $6 billion.' New York has accounted for more than 35% of that total with $2.15 billion in receipts, with all but $6.4 million derived from mobile sportsbooks paying a 51% rate on their winnings.