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Jan 12, 2024 · State Senator Joseph P. Addabbo, Jr. said, "Mobile sports betting has proven to be a game-changer for New York, generating over $1.55 billion in tax revenue in just two years. This significant influx of funds will not only help to create new job opportunities, bolster our education system and improve the resources to assist individuals with an immediate or imminent gambling problem, which is ...
- Governor Hochul Announces New York State's Record Setting ...
Mobile sports wagering accounted for $263 million since...
- Governor Hochul Announces New York State's Record Setting ...
Jan 13, 2023 · The one-year anniversary of mobile sports wagering in New York State was last Sunday, January 8, 2023. Through January 7, the total mobile sports wagering handle reached $16,595,732,482 and generated a total net revenue to education of $709,247,358.
May 31, 2022 · Mobile sports wagering accounted for $263 million since January 8, and sports wagering at New York's four commercial casinos made up $4.3 million of total revenue since July 2019. According to reports, New York has collected more in sports wagering revenue in five months than the total revenue any other state has generated over several years.
Jul 12, 2022 · Since mobile sports wagering began on Jan. 8, the Empire State has generated over $302 million in attendant tax revenue from eight mobile sports betting operators.
Jan 13, 2024 · Upon the two-year anniversary of mobile sports wagering in New York State, Gov. Kathy Hochul on Friday announced the state has collected more than $1.55 billion in taxes on such bets, most of it ...
May 31, 2024 · Mobile sports betting launched in the Empire State in January 2022, and it put New York on a fast path to be the No. 1 market in the United States. The 51% tax rate for its nine digital operators — the highest in the country — has contributed to New York also being the only state with more than $600 million in state taxes generated in the post-PASPA era.
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May 4, 2023 · The New York Department of Revenue Jan. 13 announced that mobile sports betting generated $909 million for the state in the first year of operation. Tax revenue funds education, youth sports programming, and problem gambling prevention treatment and recovery services. The state has collected more than $709 million in taxes on such bets, a figure that leads the nation. An additional $200 ...
