Upon the one-year anniversary of cell sports activities wagering in New York State, Governor Kathy Hochul as we speak introduced the State has collected greater than $709.2 million in taxes on such bets, a determine that leads the nation. An further $200 million in licensing charges has additionally been collected, producing a complete of greater than $909 million in income, most of it for use for training.

“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,” Governor Hochul stated. “I look forward to another year of delivering top tier mobile sports wagering experiences that generate revenue to enrich the lives of New Yorkers across the state.”

New York State Gaming Commission Chairman Brian O’Dwyer stated, “Thanks to Governor Hochul’s leadership and the enactment of smart and responsible gaming policies, New York continues to break revenue and wagering records. As we enter the second year of mobile sports wagering in New York State, the Gaming Commission will continue to ensure that such betting is conducted in a safe and responsible manner.”

New York State Office of Addiction Services and Supports Commissioner Chinazo Cunningham stated, “OASAS appreciates the ongoing partnership with the Gaming Commission to educate the public about responsible gambling and to provide resources for those who need them. The additional revenue generated will help to ensure that we have a robust system of programs and services to address the needs of individuals, families, and communities across the state.”

State Senator Joseph P. Addabbo, Jr. stated, “It has been a remarkable, record setting 1st year for Mobile Sports Betting in New York, with only 9 professional operators! I’m grateful to have joined others in the state, putting forth a product that New Yorkers deserved and I appreciate the significant benefits to our economy, in addition to educational, youth sports and addiction program funding. I look forward with a vision of optimism that through the professional efforts of the Hochul Administration, the Gaming Commission and my legislative colleagues, New Yorkers can expect their state to continue to provide the best mobile sports betting product, in this highly competitive arena, for many years to come.”

Assemblymember Gary Pretlow stated, “Mobile sports betting generated $709 million in taxes in just one year for essential programs such as Education, Youth Sports, and Problem Gambling related services. This is just the beginning, and I look forward to mobile sports betting generating more revenue for years to come.”

According to GeoComply, a software program agency utilized by sports activities books to make sure geolocation necessities, greater than 3.8 million distinctive participant accounts have been created since launch in January of 2022, conducting over 1.2 billion transactions.

The one-year anniversary of cell sports activities wagering in New York State was final Sunday, January 8, 2023. Through January 7, the overall cell sports activities wagering deal with reached $16,595,732,482 and generated a complete internet income to training of $709,247,358.

For Fiscal Year 2023 (April 1, 2022 by March 31, 2023) and yearly thereafter, revenues from cell sports activities wagering are distributed as follows: $5 million to fund sports activities applications for underserved youths, $6 million to fund drawback playing training and remedy, with the remaining majority to fund training help.

Every Friday, the NYS Gaming Commission publishes weekly cell sports activities wagering stories from all of its operators on-line here.

The Commission’s laws require operators to forestall underage gaming, present bettors the supply to impose spending limits, and share data on playing dangers and indicators of drawback playing. New Yorkers who’re fighting a playing drawback or know somebody with a playing drawback can name the state’s toll-free, confidential HOPEline at 1-877-8-HOPENY (1-877-846-7369) or textual content HOPENY (467369). New Yorkers also can contact the Regional Problem Gambling Resource Center at: https://nyproblemgamblinghelp.org/.