Analysts reviewing New York Gaming Commission data for the week ending 5 April reported online sports betting gross gaming revenue up 30% year over year, while handle fell 9%. Their analysis put the hold rate at 11.3%, including results from the NCAA Basketball Tournament Final Four.
The figures give operators and investors a snapshot of New York betting revenue, handle and hold for the reported week.
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It was reported that US financial analysts criticised plans by Tidal Investments and Subversive Capital to launch prediction market and sports contract-themed exchange-traded funds, comparing the approach with stock picking. Earlier in July, the two firms asked the SEC to approve two sports-event contract ETFs tied to event outcomes.
Continent 8 Technologies opened an edge data centre at Tioga Downs Casino Resort in Nichols, New York, to serve licensed operators and approved B2B suppliers in the state's regulated online sports betting market, the company said. The facility launches with about 500kW of capacity and 24 racks, with capacity to expand to 48 racks.
New York sports bettors wagered more than $2.4bn in September, up 5% from September 2025, according to the New York State Gaming Commission. Handle for the first six months of the state's 2026/2027 fiscal year reached nearly $12.6bn, up 6.9% year on year, while sportsbook revenue fell 5.8% to $1.1bn. Prediction-market platforms dispute the gaming industry's claim that their trading diverts business from state-regulated sportsbooks.
New York sports bettors wagered more than $2.4bn in September, the New York State Gaming Commission reported. That was 5% more than in September 2025, an increase of nearly $114m in wagers.
New York has sued Polymarket, alleging the prediction platform offers sports wagers without the required licence. The state also says the platform is open to users from age 18, while the minimum age for legal mobile sports betting in New York is 21. Polymarket says its event contracts fall under federal Commodity Exchange Act oversight by the CFTC.
New York state has filed a lawsuit against Polymarket, alleging that the prediction platform offers sports wagers without the required licence. Attorney General Letitia James and Governor Kathy Hochul announced the case on Thursday, according to the source. The complaint is directed at QCX LLC, the company behind Polymarket US, which the authorities say runs an illegal gambling operation in New York.
New York recorded sports betting handle of $1,733,255,323 in August 2026, a 15.3% annual decline. Revenue decreased 5.2% to $168,863,633 as hold rose to 9.74%. New York represented 76% of combined handle across the five states covered in the initial reporting.
New York recorded sports betting handle of $1,733,255,323 in August 2026, a 15.3% decline from $2,047,456,610 a year earlier, according to figures from the first batch of state reports for the month. Revenue fell 5.2% to $168,863,633 as hold rose to 9.74% from 8.70% in August 2025.