Mobile sports wagering emerges as the second-largest source of gaming revenue in New York.

Growing Revenue: In FY2026, New York’s mobile sports betting generated over $5.1 billion, an increase from $3.8 billion a decade prior, making it the second-largest gaming revenue source after the lottery.
Wild Growth in Mobile Wagering: Revenue from mobile sports betting soared from $727.4 million in FY2023 to $1.3 billion in FY2026, largely attributed to its legalization in 2022.
Total Wagers: New Yorkers have wagered a staggering $91.2 billion on mobile sports betting since its launch, producing $8.3 billion in gross gaming revenue.
Demographics of Bettors: Over 7.2 million unique betting accounts have been created, with a significant portion of bettors aged 21 to 44. The largest age group (40%) is between 21 to 35 years old.
Most Popular Sports: Basketball leads with over $9 billion wagered in 2025, followed by football ($5 billion), baseball, tennis, and soccer.

Decline in In-Person Betting: The rise of mobile betting has severely impacted in-person sports wagering at New York’s commercial casinos, which generated only $69 million since 2019—less than 1% of mobile figures.
Emerging Markets: The report also notes a rise in unregulated prediction markets focusing on sports events.

Knicks Upset: A surprising win by the New York Knicks in the NBA Finals resulted in a $14.4 million loss for betting platforms, reflecting the risks associated with heavy betting on local teams.

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