New York Gaming Commission reports $2 billion in mobile betting tax revenue
The New York State Gaming Commission reported $45.5 million in mobile sports betting revenue for the week ending 26 May, taking cumulative tax revenue from operators above $2 billion. The nine operators paid $23.2 million in taxes for the week, with a 51% tax rate applying to the market.
Operators’ weekly tax payments and the cumulative tax total illustrate the market’s fiscal impact under its 51% tax rate.