Breaking News

New Yorkers have wagered $2 BILLION since online sports betting was legalized

New Yorkers have wagered more than $2 billion since online sports gambling became legal in the state in early January, blowing past projections and making the Empire State the leader in mobile betting.

In the week leading up to the Super Bowl alone, New Yorkers wagered $472.1 million, accounting for a quarter of all mobile sports betting nationwide, according to the New York Gaming Commission.

Legalized sports betting has been a boon for New York’s tax collectors, who take a 51 percent bite out of gross gaming revenue, which is the difference between what sports books take in from gamblers versus what they pay out.

So far this year, New York has already taken in $78.5 million in taxes on a sports betting handle of $2.4 billion, blowing past projections of $49 million in tax revenue for…


Read the Full Article Here dailymail

About bourbiza mohamed

Check Also

German cops probe enormous swastika found mowed into a field

Field owner is grassed up over 60ft swastika: Police investigate after Nazi symbol is mowed …

Leave a Reply

Your email address will not be published.