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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