PENN Entertainment said on 13 February 2024 that it had agreed to buy WSI US, the WynnBET New York mobile sports betting licence-holder, for $25 million. The New York State Gaming Commission must approve ESPN BET before it can take wagers, and PENN expected to launch in the state in 2024.
The deal could give ESPN BET access to New York, subject to state gaming commission approval.
Quarter ended 30 September 2026
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Thirty-seven US states, the District of Columbia and the Northern Mariana Islands submitted a brief supporting New York against Kalshi to the Second Circuit Court of Appeals. Registered on 6 November, the brief argues that federal derivatives law should not prevent states from enforcing sports-betting and consumer-protection rules; a separate group of 38 states filed a Wisconsin brief concerning Polymarket, Coinbase, Robinhood and Crypto.com.
A coalition of 37 US states, the District of Columbia and the Northern Mariana Islands has filed a brief supporting New York in its case against Kalshi at the Second Circuit Court of Appeals. The brief, filed on 6 November, argues that federal derivatives law should not prevent states from applying sports-betting and consumer-protection rules.
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.
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 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.
Analysts at Truist Securities, J.P. Morgan, Texas Capital Securities and Jefferies issued views on gambling markets and companies in September. J.P. Morgan’s Dan Politzer cited New York Gaming Commission data for the week to 13 September 2026, reporting online sports betting gross gaming revenue down 70% year on year and handle up 11%, with a 2.9% hold. The other notes covered Las Vegas, Inspired Entertainment and Churchill Downs.