New York online sports betting gross gaming revenue eclipsed the $1 billion mark in less than a year of operation.
Since its Jan. 8, 2022 launch, New York online sports betting has reported $1.03 billion in gross gaming revenue, far and away tops in the country this year. At the state’s 51% sports betting tax rate, New York has generated more than $524.1 million in taxes in just about 10 months.
Overall, the state reported $365,676,278 in online sports bets for the week ending Oct. 23 and $33,596,424 in gross gaming revenue.
Sen. Joseph P. Addabbo Jr., one of the state’s biggest proponents of online sports betting, described topping $1 billion in gross gaming revenue as “incredible.”
