This month will be historic for online sports betting in New York.
With $70.8 million in state tax revenue from NY sports betting, the state now sits at $978.4 million since launching in January 2022.
Initial projections from state officials estimated that New York would reach $500 million in annual tax revenue by fiscal year 2024. The state totaled over $690 million during the 2022 calendar year. And through the first four months this year, the state is ahead of pace at more than $285 million, almost $70 million more than this time last year.
According to data from the New York State Gaming Commission, bettors in the state combined for $1.5 billion in April handle.
