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Mobile Sports Betting

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Here's How Much Mobile Sports Betting Has Generated For NY In 1st Year, Where It's Going Here's How Much Mobile Sports Betting Has Generated For NY In 1st Year, Where It's Going
Here's How Much Mobile Sports Betting Has Generated For NY In 1st Year, Where It's Going New York State has raked in some serious cash since mobile sports betting was legalized one year ago. In all, the Empire State has collected more than $709.2 million in tax revenue on such betting, the highest in the nation, according to Gov. Kathy Hochul’s office. Another $200 million was collected from licensing fees. That revenue came from the more than $16 billion that was wagered on sports since betting was first allowed in January 2022. So, where is all that tax revenue going? The overwhelming majority, nearly $700 million, goes toward education funding, the governor’s office said. …

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by Michael Mashburn
News
New York State Collects $542M In Mobile Sports Betting Tax Revenue In Less Than 10 Months New York State Collects $542M In Mobile Sports Betting Tax Revenue In Less Than 10 Months
New York State Collects $542M In Mobile Sports Betting Tax Revenue In Less Than 10 Months New York State has collected more than half a billion dollars in mobile sports betting tax revenue since it became available in the state in January. As of the week that ended on Sunday, Oct. 30, the State collected $542 million in taxes, surpassing all other states across the country, Gov. Kathy Hochul announced on Wednesday, Nov. 9. Hochul said the State also collected an addition $200 million in licensing fees, generating more than $740 million in revenue, which is mainly set to be used for education. "By bringing sports wagering to New York, we have not only opened the door to responsi…

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by Nicole Valinote