{"id":932,"date":"2023-06-15T06:14:03","date_gmt":"2023-06-15T03:14:03","guid":{"rendered":"https:\/\/xxbet-company.com\/new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers\/"},"modified":"2023-06-15T06:14:03","modified_gmt":"2023-06-15T03:14:03","slug":"new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/ja\/new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers\/","title":{"rendered":"New York Sports Betting Tax Revenue Tops $1B in Latest Numbers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/ja\/new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers\/#Handles_Slump_Tax_Revenue_Jumps\" title=\"Handles Slump, Tax Revenue Jumps\">Handles Slump, Tax Revenue Jumps<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/ja\/new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers\/#Similar_Stories_Across_Many_States\" title=\"Similar Stories Across Many States\">Similar Stories Across Many States<\/a><\/li><\/ul><\/nav><\/div>\n<p>Tax revenue from New York online sports betting has officially topped $1 billion. Taxes collected from the state\u2019s online sports betting market hit $1,068,795,916 after The New York State Gaming Commission reported May numbers.<\/p>\n<figure aria-describedby=\"caption-attachment-277473\" data-style=\"width: 694px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-277473\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Screen-Shot-2023-06-14-at-2.21.26-PM-430x238.png\" alt=\"\" width=\"694\" height=\"384\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Screen-Shot-2023-06-14-at-2.21.26-PM-430x238.png 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/06\/Screen-Shot-2023-06-14-at-2.21.26-PM.png 600w\" sizes=\"(max-width: 694px) 100vw, 694px\" title=\"\"><figcaption class=\"text-description\">The Empire State Building, above. The Empire State is raking in revenue from legalized sports betting. (Image: Getty)<\/figcaption><\/figure>\n<p>The Empire State took in more than $77.5 million in taxes last month, bringing current totals where they are today.<\/p>\n<div class=\"callout\">\n<p>New York launched online sports betting in January 2022 and hasn\u2019t looked back. The Gaming Commission releases reports weekly and says gross gaming dollars have never dropped below $149.7 million in any week.<\/p>\n<\/div>\n<p>The sports betting tax rate is 50.9% in New York.<\/p>\n<p>Nevada and New Jersey are the other two states that have collected $1 billion in taxes from sports betting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Handles_Slump_Tax_Revenue_Jumps\"><\/span><strong>Handles Slump, Tax Revenue Jumps<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Illinois places second in the nation in sports betting taxes. It jumped over Pennsylvania in April. The Illinois Gaming Board reported $14.4 million in April. Sportsbooks are taxed at 17.7% there.<\/p>\n<p><strong>The total handle in Illinois was down slightly for the same month, but was still enough to hit second place with nearly $900 million in total bets.<\/strong><\/p>\n<p>Pennsylvania, Massachusetts, and New Jersey round out the top five in sports betting taxes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Similar_Stories_Across_Many_States\"><\/span><strong>Similar Stories Across Many States<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The sports betting handle in Maryland dipped 3% to $320.1 million in May. That\u2019s the second-lowest monthly total since online sports betting launched in November 2022. But May was the second-highest tax revenue month with $4.6 million, according to the Maryland Lottery and Gaming Control Commission<\/p>\n<div class=\"callout\">\n<p>In West Virginia, the handle fell for the second consecutive month, but online sportsbooks, with a better win rate, helped sports betting operators generate $3.5 million. The Mountaineer State collected $294,361 in tax revenue, according to the West Virginia Lottery.<\/p>\n<\/div>\n<p>In Indiana, sports betting slumped in May, but tax revenue increased to $3.2 million, about a 14% increase over April. The Indiana Gaming Commission attributes the increase to a jump in hold percentage.<\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers\/\" target=\"_blank\">New York Sports Betting Tax Revenue Tops $1B in Latest Numbers<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Tax revenue from New York online sports betting has officially topped $1 billion. Taxes collected from the state\u2019s 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\u2019t 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 <a href=\"https:\/\/xxbet-company.com\/ja\/new-york-sports-betting-tax-revenue-tops-1b-in-latest-numbers\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/932"}],"collection":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/comments?post=932"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media\/933"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media?parent=932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/categories?post=932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/tags?post=932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}