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Add New York Sportsbooks Generate $1.4 billion Handle in August

Mireya Flierl 2026-04-30 18:49:22 -05:00
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<br>The euphoria of July’s high holds for New York sports betting operators wore off in August.<br>
<br>Despite an 11% month-over-month increase in the amount wagered, the [win rate](https://www.yoncammuhendislik.com.tr/index.php?route=journal3/blog/post&journal_blog_post_id=13) fell below for the second time in the last three months in the Empire State.<br>
<br>The New York Gaming [Commission](https://www.avelsrl.net/2018/01/08/hello-world-2/) reported the eight online sportsbooks generated a $1.4 billion handle in August, up 27.3% year-over-year. July ended a run of 10 consecutive months of handles of more than $1.4 billion, so August righted the ship<br>
<br>[Sports betting](https://crmthebespoke.a1professionals.net/employer/the-bet-9ja-promo-code-this-2026-is-yohaig) produced $125 million in revenue in the final month of summer, in part due to a sluggish period in late August. An improved run by [bettors led](https://cucbac.vn/landonyoungblo) to an 11% revenue drop from July as the state still filled its coffers with $63.8 million from the 51% tax rate.<br>
<br>Yearly improvements<br>
<br>The end of the Olympics, a [heating-up MLB](https://www.supercarbeds.com/blog/kids-racing-to-bed) race, the NFL preseason, and a solid start to college football led to a 27% year-over-year increase in handle. New York operators generated the fifth-lowest amount wagered in August 2023.<br>
<br>That month’s $98 million revenue marked the lowest in all of 2023, but the same month in 2024 represented a 27% year-over-year rise in gross revenue and tax haul for the Empire State.<br>
<br>[DraftKings bests](https://www.adpost4u.com/user/profile/4410878) FanDuel<br>
<br>DraftKings pulled ahead of FanDuel in the race for the top handle for the first time since May by producing $526.6 million in wagers during August. FanDuel, which generated $511.6 million in August, used a 10.2% hold to lead New York sports betting operators in revenue with $52.6 million.<br>
<br>BetMGM produced the [third-best handle](https://childrensheavenhighschool.com/2020/08/04/1751/) in the Empire State at $127.9 million, ahead of Caesars’ $119.1 million handle. However, BetMGM’s 5.5% hold led to $7 million in [revenue](https://blog.praxis-wuelfel.de/?page_id=8) while Caesars easily outpaced that mark with $9.4 million in profits.<br>
<br>[Fanatics Sportsbook](http://sjtoday.co.kr/bbs/board.php?bo_table=free&wr_id=82&&page=1&) enjoyed its best month since taking over the PointsBet platform in February. The online operator’s $93.1 million handle and $8.5 million in revenue were better than any month produced by PointsBet, which sold its U.S.<br>