The NCAA Men’s Basketball Tournament isn’t just an opportunity for mobile sports bettors to make a quick buck.

It’s also a very lucrative time of year for New York state.

“The Super Bowl, March Madness, these are the iconic sports betting event days so we look forward to this time of year,” NYS Senate Racing, Gaming & Wagering Committee Chair Joe Addabbo said. “[It] certainly does benefit our educational system as the money does go to education, but mobile sports betting still in New York is a very solid, robust business.”

Addabbo said since the first platform launched roughly two years ago, the state has collected more than $2 billion in revenues for education. However, he said there’s more opportunity.