According to NYS, mobile sports betting is more popular than predicted.


Buffalo, NY (WKBW) — Mobile sports betting is more popular than expected, according to the state of New York. It’s been about a year since it was legalized in New York. Efforts to bring sports betting to New York State began ten years ago. Now is a major milestone for the mobile sports betting industry here in New York State. Revenue exceeded $1 billion.

In 2013, voters passed the “Casino Gambling Amendment,” but after the federal ban on sports betting was lifted, the game could not be legally wagered until 20-19. Two years later, the state legislature approved “online and mobile sports betting,” paving the way for it to start on January 8 last year. In 2022, the New Yorker has bet her more than $16 billion through online or mobile sportsbooks. After paying winning bets, the state says he earned $140 million.

Officials say the $700 million in state tax revenue generated by mobile sports betting is the highest in the country. Neighboring New Jersey and Pennsylvania tax revenues approach his $300 million. Grant Lucas, senior managing editor at PlayNY.com, told 7 News Mobile that sports betting is about $200 million more than expected in tax revenue alone. He says the money will be used for state education. Buffalo Bills fans are a big reason for the success of mobile sports betting in New York, according to Play NY and his FanDuel sportsbook.

There are many resources available for you dealing with gambling problems. For more information call the HOPEline 24/7 at 1-877-8-HOPENY or text HOPENY at 467369 Send us a message.




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