Chips.gg Weekly Sports Betting Roundup (July 7 - July 13)
This week’s roundup captures the ever-changing landscape of global sports betting. Whether you’re tracking industry momentum or just want the biggest stories in one place, we’ve distilled the noise into sharp spotlights.
New York Sports Betting Hits 10-Month Low in Handle, But Revenue Holds Strong
New York’s sports betting activity dipped to its lowest monthly handle since August 2024, reaching $1.65 billion in June.
Despite the drop in player spending, revenue still crossed $200 million, marking the third-highest monthly total for 2025. The hold rate for the month stood at a solid 12.52%, reflecting efficient bookmaker performance. FanDuel remained the top earner, generating $86.3 million in revenue with a notably high 15.31% hold rate, even though DraftKings handled more bets overall. Fanatics and Caesars followed behind, while ESPN Bet, Bally Bet, and Resorts World trailed the pack. The data suggests that while summer may cool down wagering volume, operator margins are holding the line.
LeoVegas Extends Kambi Deal Amid Tipico Integration Efforts
LeoVegas has renewed its partnership with Kambi until 2027, even as it works toward migrating to its own proprietary sportsbook, built from Tipico’s U.S. platform. The extension includes access to Kambi’s Odds Feed+, which will remain active even after the migration is completed. This move suggests a cautious approach, prioritizing operational stability while the new system rolls out. MGM, LeoVegas’ parent company, had previously indicated a full launch by mid-2025, but this extension hints that integration may still be underway. LeoVegas emphasized the need to maintain continuity as they finalize their Tier 1 sports betting solution.
Until then, brands like BetMGM and BetUK will continue using Kambi’s services for odds and trading.
Betfair Exits New Zealand as Regulatory Landscape Shifts
Flutter-owned Betfair is pulling out of New Zealand by July 23, 2025, due to new gambling legislation that bans offshore operators. The Racing Industry Act now grants a monopoly to TAB NZ for all sports and racing betting, leaving Betfair with no legal footing.
Players in New Zealand will lose access to Betfair’s betting exchange and sportsbook services, although some non-sports markets like political betting may remain. The exit aligns with recent reforms intended to keep gambling profits within the country and support local racing through a 25-year TAB NZ and Entain partnership. Betfair cited compliance obligations as the reason for its departure, while also acknowledging the inconvenience to users. The change highlights the growing global push for locally controlled, regulated betting markets.
Evolution Expands to Rhode Island Through Bally’s Deal
Live casino giant Evolution has secured entry into Rhode Island via a content partnership with Bally’s. The deal brings Evolution’s catalog, including NetEnt, Red Tiger, and Big Time Gaming titles to the newly launched Bally Casino platform in the state.
Additionally, Bally’s-branded live dealer blackjack tables will be introduced in New Jersey and Pennsylvania. Evolution called the partnership a milestone, as it marks the company's debut in Rhode Island’s iGaming market. This collaboration enhances Bally’s offering while further embedding Evolution into U.S. markets. It reflects the continued convergence of tech-powered content and localized casino experiences.
From platform overhauls and operator exits to record-breaking revenue in a cooling market, this week proved that the global betting industry is anything but static. The bets are placed, the wheels are turning, and the future of iGaming is already being written
David Cook
Mercy Mutiria