New York state tax revenue from mobile sports betting clears $2 billion

Sunday, June 2, 2024 1:06 PM
Photo: Shutterstock
  • Chris Altruda, Sports Handle

The New York State Gaming Commission reported $45.5 million in mobile sports betting revenue for the week ending May 26 on Friday, sending the all-time tax revenue generated from those operators above $2 billion.

Mobile sports betting launched in the Empire State in January 2022, and it put New York on a fast path to be the No. 1 market in the United States. The 51% tax rate for its nine digital operators — the highest in the country — has contributed to New York also being the only state with more than $600 million in state taxes generated in the post-PASPA era.

Receipts for the week ending Sunday totaled $23.2 million as all nine operators finished with positive revenue.