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Oct 17, 2023 · Online sports betting in New York added $727.4 million in tax revenues in the state’s fiscal 2022-2023 year—and it looks like the trend will continue into the first quarter of the current ...
- Kelly Phillips Erb
1 day ago · The online operator hauled in $98 million in revenue, behind a New York-best 12.5% hold in September. It was FanDuel’s highest monthly profit since its record mark of $109.2 million set in January.
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 ...
May 8, 2023 · The New York State Gaming Commission reported Monday that sports wagering provided $70.8 million in state taxes in the month of April, putting the Empire State in position to soon become the first to generate $1 billion in tax revenue in the post-PASPA era. The 51% tax rate the state levies on mobile operators’ adjusted gross revenue is a key ...
May 31, 2022 · The added revenue from mobile sports betting will allow OASAS to further enhance prevention, treatment, recovery, and harm reduction services for individuals or their family members who experience harms from gambling." New York's mobile sports wagering tax revenue will be reinvested into elementary and secondary education and grants for youth ...
Feb 13, 2024 · New York was the state with the largest share of the nation’s tax revenue in the second quarter of 2023: $188.53 million or more than 37% of total tax revenue and gross receipts from sports betting in the United States. Indiana ($38.6 million) and Ohio ($32.9 million) followed. Sports betting became possible in May 2018 when the Supreme Court ...
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Jul 8, 2022 · Governor Kathy Hochul today announced that in under six months of operation, New York's mobile sports wagering program has far surpassed every other state, as well as the Division of the Budget's FY 2022 revenue projections. According to New York State data, the State has generated more than $302 million in tax revenue from mobile sports ...
