New York’s mobile sportsbooks took $2,255,933,538 in wagers in June 2026, a record for the month and a 36.4% jump over last June, cementing the state’s position as the largest sports betting market in the country.

Bettors wagered more than $600 million more than they did a year earlier. The state collected less anyway. Gross gaming revenue fell 43.3% to $117,012,462 as hold collapsed to 5.19%, and New York’s tax take dropped to $59,676,356 from $105,320,186.

The World Cup opened June 11 across North America, and it handed the nation’s biggest market its thinnest margin on record.

Read the top line and June was a triumph. Read the bottom line and it was a rout. New York bettors put down $602 million more than they did last June, a 36% surge that no other month in the state’s history matches. Yet the sportsbooks kept only $117 million of it, their weakest haul in years, because they held 5.19 cents on the dollar instead of the 12.52 they held a year ago.

The gap between those two facts is the entire story. Handle measures enthusiasm. Revenue measures results. In June, New Yorkers were more enthusiastic than ever and they also won, which is a combination that leaves everyone except the bettors worse off.

New York taxes mobile sports betting revenue at 51%, the highest rate in the country, and that arrangement has made the state the biggest beneficiary of the betting boom by a wide margin. It also means New York absorbs half of every bad month the industry has.