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New York’s mobile sports betting market generated $1.3 billion in state tax revenue in state fiscal year 2026, according to a new report highlighted by State Comptroller Thomas P. DiNapoli. The same report said calls to the state’s problem gambling hotline increased 8.5% in 2025 compared with 2020.
DiNapoli said mobile sports betting is now New York’s second-largest source of gaming revenue behind only the lottery. In SFY 2026, the state collected more than $5.1 billion in gaming revenue overall.
Mobile sports betting keeps growing in New York
The comptroller’s report said collections from the tax on gross gaming revenue from mobile sports betting rose 78.4% between SFY 2023 and SFY 2026, increasing from $727.4 million to $1.3 billion.
Since legal mobile wagering launched in January 2022 through the end of SFY 2026, bettors placed more than $91.2 billion in mobile sports bets, generating $8.3 billion in gross gaming revenue.
A recent joint report from the New York State Gaming Commission and the Office of Addiction Services and Supports found 7.2 million unique mobile sports wagering accounts in New York in 2025. The average amount wagered per account was $3,500, and the average wager was $42.
Basketball led all sports with more than $9 billion in wagers in 2025. During the World Cup period from June 11 to July 19, 2026, excluding NBA Finals week, gamblers placed $2.5 billion in bets.
Hotline calls and data collection draw more attention
DiNapoli said the growth in betting has come with concerns about gambling harm, particularly among younger people. The report said New York’s HOPEline received 2,545 calls in 2025, up 8.5% from 2020.
The state has doubled funding for problem gambling services from $6 million to $12 million, a move DiNapoli said was encouraging but still small relative to the amount being wagered.
New Gaming Commission regulations requiring improved data collection took effect on Feb. 28, 2026. The comptroller’s release said better information is needed to evaluate the effects of expanded online betting and related products.
Prediction markets remain part of the policy fight
The release also pointed to prediction markets tied to sports events. New York State Gaming Commission sent a cease-and-desist letter to Kalshi in October 2025, and on July 31 the governor and attorney general announced that New York sued Kalshi, alleging it was running an illegal gambling operation in the state.
For New York players, the report’s main takeaway is that mobile betting is producing major state revenue while regulators and state officials are putting more focus on problem gambling trends, data collection, and sports-related event contracts outside the licensed sportsbook system.
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Source: As reported by osc.ny.gov.
