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According to NYS, mobile sports betting is more popular than predicted.

Summarized by: Live Sports Direct
 
According to NYS, mobile sports betting is more popular than predicted.

According to NYS, mobile sports betting is more popular than predicted. It's been legal in New York for about a year. Revenue has passed the one-billion-dollar mark. The 700-million dollars in state tax revenue generated by mobile Sports Betting is the highest in the nation. New Yorkers placed more than 16 billion dollars through online or mobile sportbooks in 2022.

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Hochul: Mobile sports wagering generated $862M for state in second year

Hochul: Mobile sports wagering generated $862M for state in second year

Upon the two-year anniversary of mobile sports wagering in New York, Gov. Kathy Hochul has announced the state has collected more than $1.55 billion in taxes on such bets, most of it to be used for education. Last year's $862 million, when added to $693 million as well as $200 million in licensing fees collected in 2022 brings the total generated…
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Mobile sports betting: $16 billion business in NY is dangerously addictive for some

Mobile sports betting: $16 billion business in NY is dangerously addictive for some

At first, it was so damned much fun, so exciting and exhilarating, he could hardly get enough of it. He loved picking up his smartphone, signing on to the mobile sports betting app and instantly being taken away to the world of Las Vegas oddsmakers and professional athletes, especially his beloved Buffalo Bills and Sabres. He'd look at the phone…
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Mobile Sports Betting Launch Boosts Massachusetts Handle in March

Mobile Sports Betting Launch Boosts Massachusetts Handle in March

The March sportsbook handle for Massachusetts was larger than more mature markets that have reported thus far, such as Indiana, and slots in behind bigger states like New Jersey and New York. The first month of mobile sports betting sites in the Bay State produced more than half a billion dollars in wagering - and a win for a Boston-based…
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All Time Sports Betting Revenue High in New York for March

All Time Sports Betting Revenue High in New York for March

When you sign-up through links on our site, we may earn an affiliate commission. Learn more > Sports betting has been growing in popularity ever since its launch in New York. March saw record-breaking revenue numbers for mobile sports wagering sites. The New York State Gaming Commission recently reported that these sites generated almost $1.79…
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New York
NH ranks 8th in nation for sports betting per capita

NH ranks 8th in nation for sports betting per capita

In the first four years after May 14, 2018 -- which was the day the Supreme Court struck down the Professional and Amateur Sports Protection Act, paving the way for states to legalize sports gambling -- New Jersey was the king of the sports betting take. The Garden State set record numbers until the beginning of 2022, when New York finally got in…
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How online and sports betting transformed after COVID-19

How online and sports betting transformed after COVID-19

Three friends cheering as they watch TV in a sports bar. Only a few years after professional sports shutdown due to COVID-19 in 2020, sports betting legalization continues taking over headlines in the United States. Many states navigate uncharted waters as they try to create policies to regulate the multibillion-dollar industry. A bill is making…
NBA
Mobile sports bets booming in some states as others shy away

Mobile sports bets booming in some states as others shy away

The stakes are higher in Ohio this year for March Madness - and not just because it's a regional host for the first round of the men's NCAA basketball tournament. For the first time, Ohio sports fans can click on a mobile app or tap into kiosks at bars, restaurants or grocery stores and legally bet on the famed tournament. Kansas, Massachusetts and…
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State looks for sports-bet payoff

State looks for sports-bet payoff

Thirty-three states and the District of Columbia now offer at least some form of sports wagering -- each scrambling for shares of the multibillion-dollar enterprise that has rapidly expanded after the U.S. Supreme Court allowed it nearly five years ago. And states with mobile betting like Arkansas appear to bank bigger bucks than those that allow…
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Mobile Sports Bets Booming in Some States as Others Shy Away

Mobile Sports Bets Booming in Some States as Others Shy Away

The stakes are higher in Ohio this year for March Madness - and not just because it's a regional host for the first round of the men's NCAA basketball tournament. For the first time, Ohio sports fans can click on a mobile app or tap into kiosks at bars, restaurants or grocery stores and legally bet on the famed…
College Basketball
PlayMA Projects MA Sports Betting Could Reach $5.7 Billion

PlayMA Projects MA Sports Betting Could Reach $5.7 Billion

The Massachusetts sports betting market could handle $5.7 billion in bets annually when the market reaches maturity, according to PlayMA projections. Based on 2023 projections, that would make Massachusetts the eigh th-biggest sports betting market in the US at full maturity. Retail sports betting is already live, and online sportsbooks will launch…
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Record-setting year for state’s online sports gambling, tax revenue

Record-setting year for state’s online sports gambling, tax revenue

When online sports betting launched in New York, experts in the gambling industry envisioned that the state would become the country's leader in legal betting. Not only did that happen, but it even exceeded many of those expectations. More than $16 billion was wagered on sports in New York in the first year of legal operation in the state, the NYS…
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Bill to legalize online sports betting in Georgia drafted in legislature

Bill to legalize online sports betting in Georgia drafted in legislature

ATLANTA, Ga. (Atlanta News First) - A bipartisan group of state senators have drafted a bill that would legalize online sports betting in Georgia, a law that, if passed, that generate hundreds of millions of dollars for state education coffers. The Georgia Sports Betting Integrity Act is designed to provide "continuing entertainment to the public,…
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Georgia lawmakers introduce online sports betting bill

Georgia lawmakers introduce online sports betting bill

ATLANTA, Ga. (Atlanta News First) - A bipartisan group of state senators have drafted a bill that would legalize online sports betting in Georgia, a law that, if passed, generates hundreds of millions of dollars for state education coffers. The Georgia Sports Betting Integrity Act is designed to provide "continuing entertainment to the public,…
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CO Ute Tribe Offer Mobile Sports Betting Statewide

CO Ute Tribe Offer Mobile Sports Betting Statewide

Legal sports betting launched in Colorado in May 2020 and their law stipulates that sports bets must be placed with authorized, legal sportsbooks and operators, but what it does not allow is for the state's Ute tribe to offer statewide mobile sports betting the way commercial casinos can. That is a costly oversight that Ute Mountain Chairman Manuel…
NBA
New York Online Sports Betting Generates $542 Million in Taxes

New York Online Sports Betting Generates $542 Million in Taxes

In less than 10 months, New York online sports betting has collected $542 million in taxes. One day after being re-elected, Gov. Kathy Hochul (D) touted the success of the state's online sports betting market, as New York has collected $542 million in online sports betting tax revenue since its Jan. 8, 2022 launch. Additionally, the state has…
MLB
NY's Mobile Sports Betting Racks Up $542M In Revenue

NY's Mobile Sports Betting Racks Up $542M In Revenue

NEW YORK - Mobile sports betting has proven to be a big earner for New York. In under 10 months, since mobile sports gambling became available in the state, $542 million in taxes has been collected, "far surpassing" every other state in the nation, Gov. Kathy Hochul said Wednesday. An additional $200 million in licensing fees has also been…
NFL
Football is back. And so are New York’s mobile sports betting numbers

Football is back. And so are New York’s mobile sports betting numbers

The opening weekend of the 2022-2023 National Football League season brought New York its best week for legal online sports bets since last spring. That's not surprising, since the NFL is the most bet-on sport in the country. It may also help that the Buffalo Bills are among the favorites to win this year's Super Bowl. For New York state, the…
NFL
Mobile sports betting goes live in New York

Mobile sports betting goes live in New York

Aaron Rodgers #12 of the Green Bay Packers looks to pass during a game against the Seattle Seahawks at Lambeau Field on November 14, 2021 in Green Bay, Wisconsin. Stacy Revere | Getty Images Legalized mobile sports betting is now live in New York. FanDuel, DraftKings, Caesars Sportsbook and Rush Street Interactive, the first companies permitted by…
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