New York sportsbooks take $2.4 billion in September bets, but revenue falls 17.8%

What happened

New York’s online sportsbooks took just over $2.4 billion in bets in September 2026, up 4.9% from September 2025, according to New York State Gaming Commission figures compiled by TheLines. Revenue went the other way: it fell 17.8% to $160 million, because the books kept only 6.7% of what was wagered, more than 1.8 points less than a year earlier.

Hold is the share of handle a sportsbook keeps after paying winning bets. When favorites cover and parlays land, hold falls, and revenue falls with it however much is wagered. Our guide to the bookmaker margin explains why the margin built into the odds and the hold a book actually earns are different numbers.

The details

FanDuel led the state with $904.7 million in handle, up 14.5% year over year, and $63.7 million in revenue, down 18%, at a 7% hold. DraftKings took $840.1 million, down 3.5%, and $56 million in revenue at a 6.7% hold. Fanatics grew handle 21.8% to $266.8 million but its revenue fell nearly 30% to $14.4 million, at a 5.4% hold.

Caesars handled $152.7 million, roughly flat, for just under $8 million in revenue at a 5.2% hold. BetMGM made just under $10 million, down 8.5%, and BetRivers $3.4 million. theScore Bet took $31.6 million in bets, 32.9% fewer than a year earlier, but grew revenue 1.8% to $2.8 million at a hold near 9%; Bally Bet’s revenue rose 58.4% to over $1.2 million.

New York taxes mobile sports betting revenue at 51%. September’s receipts were $81.4 million, bringing the first six months of the state’s 2026–27 fiscal year to $565 million, $34.8 million behind the year before.

What it means

For bettors, a low-hold month is a reminder that prices differ from book to book. Compare them on our odds comparison page before you bet, and see every licensed book on our US sportsbooks page.