New Yorkers waged $16B on mobile sports betting last year

“In just one year, New York has become a national leader in providing responsible entertainment for millions while bringing in record-shattering revenue for education, youth sports, and probl…

New York gamblers used their phones to wager around $16 billion on sports in the first year of the state’s legal mobile gaming — netting Albany $709 million in taxes.on Jan. 8, 2022, making its windfall from the new gambling law the highest in the nation, according to the governor’s office.

Officials said $5 million of the winnings would be used to fund sports programs for kids in need, and $6 million would be spent on gambling addiction treatment — with the rest of the state’s jackpot allocated to fund education. More than 3.8 million unique player accounts made over 1.2 billion bets in New York — meaning about one in four adult New Yorkers tried their luck online during the last year, according to the state’s statistics.“In just one year, New York has become a national leader in providing responsible entertainment for millions while bringing in record-shattering revenue for education, youth sports, and problem gambling prevention,” Gov.

Nine mobile sports book operators are currently licensed with the state and required to post weekly betting reports.

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