July Sports Betting Shows Recovery, yet Tax Revenue Declines

WHO:

rg.org - New York State Gaming Commission reported on sports betting figures.

Jefferson City News Tribune - Neil Schwartz, President of SBRnet, provided insights on sports betting trends in Missouri.

WHAT:

rg.org - New York's mobile sportsbooks took $1,879,946,382 in wagers in July 2026.

rg.org - New York's sportsbooks kept $214,706,598 at an 11.42% hold in July 2026.

rg.org - The state collected $109,500,365 at its 51% tax rate in July 2026.

Jefferson City News Tribune - Missouri's total taxable sports betting revenue was $13.67 million in June, a 36% decrease from the previous month.

Jefferson City News Tribune - Missouri collected approximately $1.37 million in sports wagering taxes in June.

Jefferson City News Tribune - The total amount wagered in Missouri in June was $258.3 million, a 0.8% increase from May.

Jefferson City News Tribune - The number of wagers in Missouri decreased by 12% in June to 7.34 million.

Jefferson City News Tribune - DraftKings was the top mobile betting app in Missouri, receiving roughly $103 million in wagers.

WHERE:

rg.org - New York.

Jefferson City News Tribune - Missouri.

WHEN:

rg.org - July 2026 figures reported for New York's sports betting.

Jefferson City News Tribune - June figures reported for Missouri's sports betting.

WHY:

rg.org - The recovery in New York's sports betting revenue was attributed to the World Cup's knockout rounds restoring sportsbook margins.

Jefferson City News Tribune - Neil Schwartz stated that the major decrease in Missouri's revenue was due to fewer people placing bets overall.

HOW:

Jefferson City News Tribune - Almost all sports bets in Missouri were made on mobile betting sites, accounting for 99.5% of all money wagered.

Jefferson City News Tribune - Parlays accounted for 45% of all sports bets across both retail and mobile in Missouri.

New York's mobile sportsbooks reported a staggering $1,879,946,382 in wagers for July 2026, with the state collecting $109,500,365 in taxes at a 51% rate. Meanwhile, Missouri's sports betting revenue saw a significant decline, totaling $13.67 million in June, largely attributed to a drop in the number of people placing bets, as noted by Neil Schwartz from SBRnet. In Missouri, nearly all bets were placed through mobile platforms, with DraftKings leading the way by receiving around $103 million in wagers.