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Over $25 billion has been wagered in New York's legal sports betting market since it opened in January 2022, far above projections.
The previous record was held by New Jersey, which took almost 47 months to accomplish this milestone, but now that state has been surpassed. Due to its established retail sports betting system, Nevada is the only other state to have received as much as $25 billion in sports bets.
I love the online gambling industry!
And the government gets to tax 50% of revenue right? Smart move by the state!
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NY sports betting handle dropped during the MLB All-Star Break week.
I love the online gambling industry!
And the government gets to tax 50% of revenue right? Smart move by the state!
and Draftkings is fighting back. They're adding a fee on winnings from players in states that charge taxes higher than 40%. It's interesting to see how that goes.
I appreciate all of the help I can get as I work my way to run a long-term and successful business. From the day that I learned how to open a sportsbook to now, there is definitely a lot I now know from experience. It does not mean I will stop learning, though.
New York sports betting handle in August was the lowest this year. It is because only MLB is in season.
I love the online gambling industry!
They'll catch right back up with football season running now.
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