New York has sucked in more revenue from mobile sports betting in five months than other states bring in over several years, according to Governor Kathy Hochul.
The state has generated $263 million in mobile sports betting since January and $4.3 million from the four commercial casinos since July 2019. Pennsylvania has brought in $253 million since November 2018, while New Jersey generated $229 million since June of that year, according to WHEC.
“In less than half a year, New York has become a leader among states in implementing successful gaming policies, with hundreds of millions of dollars going to important programs that will improve the lives of all New Yorkers,” Governor Hochul said. “I am committed to upholding responsible and effective gaming policies that will move the industry forward and continue to drive our state’s economic growth.”
New York has also collected $25 million in license fees from eight mobile sports betting providers, which brought $200 million to the state. All license fees have already been directed to education. Tax revenue will go to schools, youth programs, and problem gambling prevention, treatment, and recovery services.
