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New York’s online sports betting market posted its strongest month to date in November, with gross gaming revenue climbing to $280.56 million.
Figures released by the New York State Gaming Commission show this was the highest monthly total since legal mobile wagering began, surpassing the previous peak of $248.9 million in May 2025.
Revenue rose sharply compared with October’s $238.7m, marking a 17.5% increase month‑on‑month. Year-on-year growth was also significant, up 21.2% from November 2024 when GGR stood at $231.6m.
Mobile betting continued to dominate activity, with a handle of $2.60bn in November. While this was slightly lower than October’s $2.64 billion, down 1.4%, it represented a 15.1% rise on the $2.27 billion recorded in November last year.
New York bans dual-currency sweepstakes casinos
November’s revenue peak landed alongside a major policy shift. Last Friday (Dec 5), Governor Kathy Hochul signed Senate Bill 5935, shutting down sweepstakes casinos that use dual-currency systems in New York.
The law gives regulators the power to hit violators with civil penalties between $10,000 and $100,000, and to pull existing licenses or deny future applications for companies tied to these operations.
Enforcement will be led by the New York State Gaming Commission, supported by the State Police and the Attorney General. The statute also blocks anyone affiliated with licensed betting and gaming from managing or promoting sweepstakes-style platforms, closing off the pathway for regulated operators to participate in the sweepstakes space.
The approval also came just days after state regulators recommended three downstate casino projects for licensure. Hard Rock and Steve Cohen’s $8 billion Metropolitan Park in Queens, Resorts World’s $5.5 billion overhaul of its New York City property, and Bally’s $4 billion Bronx complex are all expected to secure slot, table game, and sports betting licenses before year’s end.
