New York Sports Betting Tax Revenue Tops $1B in Latest Numbers
Tax revenue from New York online sports betting has officially topped $1 billion. Taxes collected from the state’s online sports betting market hit $1,068,795,916 after The New York State Gaming Commission reported May numbers. The Empire State Building, above. The Empire State is raking in revenue from legalized sports betting. (Image: Getty) The Empire State took in more than $77.5 million in taxes last month, bringing current totals where they are today. New York launched online sports betting in January 2022 and hasn’t looked back. The Gaming Commission releases reports weekly and says gross gaming dollars have never dropped below $149.7 million in any week. The sports betting tax rate …