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Independent & editorially reviewed Odds & offers updated September 2, 2026
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New York's S5935A and similar state laws are targeting the dual-currency sweepstakes casino model directly, with penalties reaching operators, suppliers, and payment processors alike.
New York's online sportsbooks won $214.4 million in July as hold rates more than doubled, pushing state tax revenue past $725 million year-to-date.
Kalshi CEO Tarek Mansour compares the company's mounting legal battles with states to the early disruption faced by Uber and Airbnb, as New York and other states push to shut down its prediction markets.
New York Attorney General Letitia James has sued prediction market operator Kalshi, alleging illegal unlicensed gambling and seeking penalties that could reach $36 billion.
Resorts World NYC has added 1,400 new slot machines and broken ground on the next phase of its $5 billion resort expansion, racing ahead of its downstate casino rivals.
A federal judge denied Kalshi's request to block New York's gambling enforcement against its sports-event contracts, and the company has already appealed the ruling.
Gaming equipment supplier TCS John Huxley has secured a major contract to supply more than 300 live gaming tables to Resorts World New York City as the Queens property transforms from an electronic gaming venue to a full casino resort.
New York would become the first state in the country to require online sportsbooks to send customers monthly activity statements under a bill that unanimously cleared both chambers and is now awaiting the governor's signature.
Sen. Joseph Addabbo pulled his iGaming bill after concluding that Governor Kathy Hochul would veto it even if it passed Albany — deferring online casino legalization in New York for at least another year.
Resorts World NYC, which opened New York City's first full-scale casino earlier this year, is locked in a major dispute with the state over whether hundreds of millions in horse racing support payments must be paid on top of its existing tax obligations.
Resorts World NYC is already leading the New York casino market just weeks after opening its table games floor, establishing an early dominance that will shape the competition for the state's three upcoming full-service casino licenses.
New York's first full-scale casino opened its table games floor less than a month ago and it is already generating more revenue than all four upstate commercial casinos combined.
