Almost $2B in bets placed during first month of NY’s legal mobile sports betting
ROCHESTER, N.Y. (WHEC) — Nearly $2 billion in wagers has been made in the first month of legal mobile sports betting in New York, generating more than $70 million in tax revenue.
That’s according to figures from the Governor’s Office released Monday.
The first day of legalized mobile sports betting was Jan. 8 and since then, $1.98 billion in wagers has been placed, including more than $600 million on football games, more than $540 million on basketball and nearly $80 million on hockey.
Those don’t include wagers placed on the Super Bowl, which will be in the weekly Mobile Sports Wagering Reports, which are updated on Fridays.
New York State law requires that the tax revenue goes toward elementary and secondary education, grants for youth sports programming, property tax relief, and problem gambling prevention, treatment and recovery services.
Remember to declare your winnings when you file your taxes. News10NBC has a basic and in-depth guide on how to do so.