New York’s online sports betting market posted another milestone in November, as state regulators reported all-time-high revenue figures driven by strong results from the largest operators and a surge of holiday-week wagering. Reports released by the New York Gaming Commission and industry trackers show that sportsbooks collectively generated between $231.6 million and $280.5 million in gross revenue for the month, depending on how revenue was categorized in the individual summaries. While methodologies differ across reports, each one underscores that the […]

The post New York Reports Record Online Sports Betting Revenue appeared first on World Casino News.

A New York state lawmaker is taking steps to rein in the fast-growing world of prediction markets, proposing legislation that would create the first clear legal framework for platforms like Kalshi and Polymarket. Assemblyman Clyde Vanel (D), chair of the Assembly Banks Committee, has introduced Bill A.B. 9251 — a measure designed to impose oversight, restrict certain types of trading, and empower the state’s attorney general to act against unlicensed operators. Filed on November 7, Vanel’s proposal, officially titled the […]

The post New York Bill Targets Prediction Markets with Stricter Oversight appeared first on World Casino News.

The Empire State’s sports betting market shattered expectations in October 2025, setting a new national benchmark for online wagering. According to data from the New York State Gaming Commission, bettors staked an unprecedented $2.64 billion on sports — the highest monthly handle ever recorded in the U.S. The milestone marked a 13% year-over-year increase and surpassed the previous record of $2.49 billion, set in January. Fueled by a packed sports calendar that included NFL and college football, the MLB playoffs, and […]

The post FanDuel Makes History as New York Sports Betting Handle Breaks Record appeared first on World Casino News.

Prediction market operator Kalshi has launched legal action against the New York State Gaming Commission (NYSGC), challenging the state’s authority to block its sports event contracts. The lawsuit, filed in the U.S. District Court for the Southern District of New York, argues that New York’s cease-and-desist order unlawfully intrudes on federal jurisdiction granted to the Commodity Futures Trading Commission (CFTC). Kalshi Challenges State Authority The legal dispute began when the NYSGC issued a cease-and-desist letter demanding that Kalshi immediately stop “advertising, promoting, administering, managing or […]

The post Kalshi Files Lawsuit Against New York Gaming Commission Over Sports Event Contracts appeared first on World Casino News.

New York’s betting market delivered a standout performance in August 2025, surpassing $2 billion in wagers for the first time since May. According to the New York State Gaming Commission (NYSGC), the monthly handle reached $2.04 billion, an increase of 41.9% compared with August 2024 and 45.9% above July’s $1.4 billion. Sports Betting Hits Milestone in August Gross gaming revenue (GGR) for sports betting climbed to $178.2 million. This marked a 42.6% year-on-year rise and a 14.5% increase from July, though it was still […]

The post New York Betting Handle Surpasses $2B in August, Casino Revenue Soars appeared first on World Casino News.

New York’s regulated sports betting market delivered $155.9 million in gross revenue for July 2025, with both mobile and commercial operators combining for an 11.08% hold. According to Friday’s report from the New York State Gaming Commission, the figure represented a 10.7% increase over July 2024 and marked the state’s first three-month streak of double-digit win rates in its 43 months of mobile wagering. $1.41B in Bets, Double-Digit Win Streak Continues Bettors wagered $1.41 billion during the month, up 11.1% year-on-year. While July’s handle was […]

The post New York Sportsbooks Maintain Strong July With Third Month Above 11% Hold appeared first on World Casino News.

New York’s mobile sportsbooks achieved their highest-ever monthly gross gaming revenue in May 2025, generating $248.9 million. According to data released by the New York State Gaming Commission, this total surpasses the state’s previous record of $247 million set in January, marking a 0.8% increase. FanDuel leads with market-high hold amid Knicks losses: While the total handle declined slightly from January’s $2.48 billion to $2.21 billion in May, the overall betting activity still reflected a robust market. Compared to May 2024, the handle rose 12.1%, and gross revenue surged […]

The post New York Sets New Sports Betting Record with $248.9M in May appeared first on World Casino News.

In October 2024, New York State notched a historic milestone in sports betting, recording an unprecedented handle of $2.3 billion. This figure surpasses the previous high of $2.11 billion set in November 2023, underlining a robust growth trajectory in the sports wagering sector. A surge in sports wagering activity: The sports betting landscape in New York witnessed a substantial increase from the $2 billion handle reported in October of the previous year, marking a $300 million year-on-year rise. The October handle continued the upward trend from […]

The post New York State Sports Betting Hits Record $2.3 Billion in October appeared first on World Casino News.

New York Dem. Governor Kathy Hochul has officially signed a new bill aimed at addressing the addictive nature of gambling by requiring advertisements for gambling and sports betting to include clear warnings about the potential dangers of addiction. The new legislation, S1550/A1118, builds upon previous laws by extending the requirements to mobile sports betting ads, ensuring they are subject to the same standards as other gambling advertisements. This step is part of a broader effort to protect New Yorkers from […]

The post New York Gov. Kathy Hochul Signs Law Requiring Addiction Warnings On All Gambling Ads appeared first on World Casino News.

ESPN Bet, the newly rebranded sports betting platform from Penn Entertainment, is preparing to launch in New York after receiving regulatory approval from the New York State Gaming Commission (NYSGC). The approval follows Penn’s $25 million acquisition of Wynn Interactive Holding’s sports betting license, which Wynn had vacated after shutting down its WynnBet operations in the state. With this move, ESPN Bet is set to join the highly competitive New York sports betting market. The approval allows Penn Entertainment to […]

The post ESPN Bet Set for New York Launch Following $25M License Approval appeared first on World Casino News.