TLDR New York mobile sportsbooks kept $214.7 million in July, nearly double June’s total, as hold jumped from 5.19% to 11.42% Total betting handle fell 16.7% month over month to $1.88 billion, dropping below $2 billion for the first time in eleven months The state collected $109.5 million in tax revenue in July, up from $59.6 million in June, mostly funding education June’s low hold, tied to World Cup group stage upsets favoring bettors, had cut state tax collection by about $45 million July’s handle, while New York’s lowest in months, still grew 34% compared to July 2025
New York’s mobile sportsbooks recovered quickly in July 2026. Hold margins returned to normal levels after a rough June tied to the World Cup.
The state’s education fund also got a boost. Revenue nearly doubled from the month before, even as total betting activity dropped.
Total handle fell below $2 billion for the first time in eleven months. Bettors wagered $1,879,946,382 in July, according to the New York State Gaming Commission.
Sportsbooks kept $214,706,598 of that amount. That works out to a hold of 11.42%.
New York taxes sports betting revenue at 51%. The state collected $109,500,365 from mobile wagering in July.
Hold And Revenue Swing Sharply
July looked like the opposite of June in almost every way. In June, hold dropped to 5.19% as World Cup group stage games favored bettors with heavy favorites winning often.
That low hold cut the state’s tax haul by about $45 million in June. Books took in a record $2.25 billion in bets that month but kept only $116.8 million.
July’s handle dropped to $1.88 billion, a decline of 16.7% from June. Revenue rose 83.5% over the same stretch.
The swing came almost entirely from hold, which climbed from 5.19% to 11.42%.