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New York Gaming Commission reports $2 billion in mobile betting tax revenue

Regulation

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.

End-of-day close DraftKings (DKNG), USD, to 15 July 2024
Story date16 April 202415 July 2024

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