State Sen. Joe Addabbo Jr. (D-Woodhaven), the chairman of the Senate’s Committee on Racing, Gaming and Wagering, announced last Thursday that mobile sports betting tax revenue generated $1 billion for education from its Jan. 8, 2022 launch through May 31, 2023, according to the latest report by the NYS Gaming Commission.
“Having an additional $1 billion from our nation-leading mobile sports betting business to help our students get the best education possible is a tremendous milestone,” Addabbo said in a prepared statement.
Asked whether the funds would apply to CUNY and SUNY schools as well, Addabbo’s office confirmed the money is statutorily for grades K to 12.
