According to data from the New York State Gaming Commission, sports betting expenditure in New York reached $1.26 billion (₤988 million/€1.16 billion) in July. This represents a 31.2% increase from July 2023, but a 14.3% decrease from $1.47 billion in June.
This was the lowest monthly betting amount since August 2023, when it was $1.11 billion.
July is traditionally one of the quieter months in the US sports calendar, with MLB being the only league still in play. However, the last week of July this year benefited from the opening of the Olympics, and the Copa America soccer tournament held in the US in the first half of July contributed to the year-over-year growth.
Revenue growth is attributed to an increase in hold percentage. Revenue reached $140.3 million, up 33.5% year-over-year and 4.8% month-over-month. The hold percentage for all operators increased to 11.1%, compared to 9.1% in June 2024.
