New York State sports betting brings in record-setting revenues
ROCHESTER, N.Y. (WHEC) – It has been just under six months since mobile sports betting has been legal in New York State, and it has already set a lot of records.
Governor Kathy Hochul announced on Friday that New York has collected more than $302 million in tax revenue from sports betting, far exceeding any other state and surpassing projections.
According to reports, New York has collected more in mobile sports wagering revenue in six months than the total sports wagering revenue, both mobile and on-premises, that any other state has generated over several years.
That revenue will be reinvested in education and grants for youth sports programs, along with problem gambling prevention treatment and recovery services.