[ad_1]
To mark the one-year anniversary of mobile sports betting in New York State, Governor Kathy Hochul today announced that the state has collected more than $709.2 million in taxes on such betting. In addition, he was also levied $200 million in licensing fees, and in total he generated more than $909 million in revenue, most of which goes to his education.
“In just one year, New York has become a national leader in responsible entertainment for millions and record revenues in education, youth sports and gambling prevention.” Governor Hochul said. “We look forward to another year of delivering a top-tier, revenue-generating mobile sports betting experience that enriches the lives of New Yorkers across the state.”
New York State Gambling Commission Chairman Brian O’Dwyer said: “Thanks to Governor Ho-Chol’s leadership and enacting wise and responsible gaming policies, New York continues to break revenue and wagering records.As we enter the second year of mobile sports betting in New York State, the Gaming Commission continues to ensure that betting is done in a safe and responsible manner.”
New York State Department of Addiction Services Assistance Director Chinazo Cunningham said: “OASAS appreciates our continued partnership with the Gaming Commission to educate the public about responsible gambling and provide resources to those who need them. Proceeds help ensure a robust system of programs and services for individuals, families and communities statewide.”
State Senator Joseph P. Adabo Jr. said: “A record first year for mobile sports betting in New York City, with just 9 professional operators! Thank you for joining other operators in the state to deliver a product New Yorkers deserve In addition to funding education, youth sports and addiction programs, it benefits our economy. Through these efforts, we look forward to an optimistic vision of what New Yorkers can expect from their state.We will continue to provide the best mobile sports betting products for years to come in this highly competitive sector. ”
Rep. Gary Pretreau said: “Mobile sports betting has generated $709 million in tax dollars in just one year for important programs like education, youth sports and problem gambling related services. This is just the beginning. Mobile sports. We expect betting to generate more revenue for years to come.”
Since its launch in January 2022, more than 3.8 million unique player accounts have been created and over 1.2 billion transactions have been made, according to GeoComply, a software company used by sportsbooks to secure geolocation requirements. It is
January 8, 2023, the one-year anniversary of mobile sports betting in New York State was last Sunday. By January 7, total mobile sports betting totaled $16,595,732,482 and total net revenue into education reached $79247,358.
Mobile sports betting revenue for fiscal year 2023 (1 April 2022 to 31 March 2023) and each year thereafter will be distributed as follows: The remaining majority funds educational assistance.
Every Friday, the NYS Gaming Commission publishes weekly mobile sports betting reports online from all operators.
Commission regulations require operators to prevent underage gaming, offer bettors the opportunity to impose spending limits, and share information about gambling risks and signs of problem gambling. New Yorkers who suffer from, or know someone who has, a gambling problem can contact her state toll-free confidential at 1-877-8-HOPENY (1-877-846-7369). You can call HOPEline or text HOPENY at 467369 for her message. New Yorkers can also contact their local Problem Gambling Resource Center (https://nyproblemgamblinghelp.org/).
[ad_2]
Source link
