Mobile sports wagering generated over $909 million in revenue in its first year for New York State.
Governor Kathy Hochul said the State has collected more than $709.2 million in taxes on such bets, a figure that leads the nation. An additional $200 million in licensing fees has also been collected, generating a total of more than $909 million in revenue, most of it to be used for education.
According to GeoComply, a software firm used by sports books to ensure geolocation requirements, more than 3.8 million unique player accounts have been created since launch in January of 2022, conducting over 1.2 billion transactions.
The one-year anniversary of mobile sports wagering in New York State was Sunday, January 8, 2023. Through January 7, the total mobile sports wagering handle reached nearly $16.6 billion and generated a total net revenue to education of $709,247,358.
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