“It’s our first month, ever, and we’re at $2 billion,” said State Senator Joseph P.
#Absolute wager license
That estimate has recently been increased to $110 million, and the state also collected some $200 million in license fees from operators. Indeed, the state Office of Addiction Services and Supports says that it has already seen a 46 percent increase in calls to its gambling helpline this January, compared with the previous January, amid new public awareness campaigns about responsible gaming.Īs of Friday, New York had already taken in some $78.5 million from that tax - almost all of which goes to fund education - far more than the $49 million that the state budget office initially estimated it would receive in the first three months of 2022. That frenzy has been encouraged by a blizzard of promotions from betting platforms, including oversized payoffs, risk-free bets and thousands of dollars in free betting credits deposited in players’ accounts, all of which may spell short-term losses for many companies, according to industry analysts, as platforms battle for market share.Īt the same time, the thirst for betting action has sparked alarm among groups focused on problem gambling: They say that the ease and speed of mobile sports betting - including the ability to place a wager on individual plays in a game - have the potential to entrap newcomers and tempt those trying to recover.
13, including a staggering $472 million in the week ending with last Sunday’s Super Bowl. In New York, where new tax revenue from online bets has quickly shot past projections, gamblers have laid down more than $2.4 billion in bets through Feb.
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