With the completion of the state fiscal year in March, Albany now has two years’ worth of economic data to gauge the impact of legal online sports betting in New York.
Given the market’s across-the-board growth, it is a safe bet to assume elected officials in the state capital are more than happy with the financial returns.
And, considering that New York is now the largest regulated sports betting market in the US, it is probably fair to say that most online operators doing business in the Empire State are also pleased – even with high tax rates.
As the state explores the possibility of legalizing NY online casinos (which are far more lucrative and decidedly less volatile than sports), examining internet sports wagering is a valuable exercise for lawmakers to undertake.
