Governor Kathy Hochul is cracking down on problem gambling. Hochul signed a law on Tuesday that requires gambling and sports betting advertisements to include warnings about gambling addiction and a hotline number. A previous law required that … [Read more...]
NYS Has Collected More Than $1.55 Billion In Mobile Sports Wagering Taxes In Two Years
New York State has collected more than $1.55 billion in taxes on mobile sports wagering over the last two years. Governor Kathy Hochul said most of those taxes will be used for education. Last year’s $862 million, when added to $693 million as … [Read more...]
Mobile Sports Wagering Generates $909 Million in 1st Year in NYS
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 … [Read more...]
NYS Has Collected Over a Half Billion Dollars in Mobile Sports Betting Taxes Since January
New York State has collected over half a billion dollars in mobile sports wagering taxes since the beginning of the year. Governor Kathy Hochul announced that the $542 million collected far surpasses every other state in the nation. An … [Read more...]
NY’s Mobile Sports Wagering Revenues Outpacing Budget Projections
New York State's mobile sports wagering program revenues is outpacing other states as well as state budget projections. According to New York State data, the state has generated more than $302 million in tax revenue from mobile sports wagering … [Read more...]
NYS Mobile Sports Wagering Generates Record-Breaking Tax Revenue
New York's recently launched mobile sports wagering has generated a record-breaking amount of tax revenue in less than six months, surpassing states that have offered sports wagering for years. According to New York State data, the state has … [Read more...]
Mobile Sports Betting Brought in Nearly $2 Billion In First Month in NYS
The launch of mobile sports wagering has brought in nearly $2 billion dollars in the first month of operations in New York State. Governor Kathy Hochul said in an announcement that this is more than any other state has ever reported. She said it … [Read more...]
