US sports betting taxes surpass $5bn as state receipts rise
State tax revenue from sports betting in the US recently passed $5bn, reportedly, with more than 40% of the total—$2.15bn—generated in 2023. New York operators paid nearly $1.73bn into the state’s education fund over 26 months, while lawmakers in New Jersey and Illinois were considering tax increases.
The figures and proposed tax rises show the scale of state revenue and potential tax-policy changes affecting operators.