New York State Governor Kathy Hochul has announced that the state has collected over $709.2 million in taxes from mobile sports betting from over $16 billion in wagers.
Over $16 Billion Wagered in First Year of Mobile Sports Betting in New York Over $16 Billion Wagered in First Year of Mobile Sports Betting in New York“In just one year, New York has become a national leader in providing responsible entertainment for millions while bringing in record-shattering revenue for education, youth sports, and problem gambling prevention. I look forward to another year of delivering top tier mobile sports wagering experiences that generate revenue to enrich the lives of New Yorkers across the state.”
New York State Gaming Commission Chairman Brian O’Dwyer added:
Over $16 Billion Wagered in First Year of Mobile Sports Betting in New York Over $16 Billion Wagered in First Year of Mobile Sports Betting in New York“Thanks to Governor Hochul’s leadership and the enactment of smart and responsible gaming policies, New York continues to break revenue and wagering records. As we enter the second year of mobile sports wagering in New York State, the Gaming Commission will continue to ensure that such betting is conducted in a safe and responsible manner.”
State Senator Joseph P. Addabbo, Jr. said:
Over $16 Billion Wagered in First Year of Mobile Sports Betting in New York Over $16 Billion Wagered in First Year of Mobile Sports Betting in New York launched in January of 2022. And those accounts were responsible for over 1.2 billion transactions.The actual figure for mobile sports wagers accepted through the first year of operation was $16,595,732,482 which generated a total net revenue to education of $709,247,358.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.