Sports Bets in New York Generate $540 Million


Even though sports bets in New York state have only been up and running since early January of this year, operators there have still handled over $13 billion in bets. Those numbers translate to a cool $542 million in tax revenue that the state would not have otherwise had. Those number do not reflect the total revenue generated, however, as the state was also able to collect $200 million in licensing fees from operators. And numbers from GeoComply indicate that over 11million players have registered betting accounts, conducting just short of one billion transactions. New York Governor Kathy Hochul commented…

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