NY Debut of Online Sports Betting: $2.4 Billion Bet in 5 Weeks


As of Friday, New York had already received about $78.5 million in this tax; state budget office It is initially estimated to receive in the first three months of 2022. That estimate was recently increased to $108 million, and the state also expects to collect about $200 million in license fees from operators.

“It’s our first month ever and we’re at $2 billion,” said State Senator Joseph P. Addabbo Jr., a Queens Democrat who serves as chair of the racing, gaming and betting committee. “That’s great. It’s the surprise of the numbers: Incredible.”

And new options for gambling may be on the way. Last week, Randy Levine, president of the New York Yankees, expressed support For a betting kiosk at Yankee Stadium, following the lead of the others professional sports franchises. Such a plan would be part of expanding the stake to stadiums, racetracks and arenas, Mr Addabbo and his House counterpart Gary Pretlow, Westchester County Democrat, they are trying to legalize it this year in Albany.

Mr Addabbo said the couple will also push for the expansion of the new real venue operating casinos – with on-site betting parlors. Government supported by Kathy Hochulanother Democrat that many developers are clamoring to put Casino in New York.

Part of New York’s big outlet is due to its size; Of the 20 states that currently allow residents to gamble on their phones, New York is the most populated with potentially larger players like Texas and California still sitting on the sidelines.

But demand for betting in New York is undoubtedly high: roughly a quarter of the nation’s mobile bets on the Super Bowl came from within the state. Sportshandle.comCiting analysis by GeoComply, a Canadian geolocation security firm.

“New Yorkers were passionate sports fans and active sports bettors,” said Bill Miller, president of the gaming association. “They didn’t have a legal option. And now they do.”



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *