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New York set another record in its first year of legal sports betting.
Empire State — the largest US mobile sports betting marketplace — reports $1.62 billion Bets accepted in December whose total bet handles are $16.2 billion Towards 2022.
- New York will start legal mobile sports betting in January 2022.
- In the first month, the state $1.6 billion.
- figure set, Monthly record in any state.
- December 2022 will be the 10th month that New York’s transaction volume exceeded $1 billion.
The record brought in significant revenue for New York and its licensed sportsbooks. draft kingsflutter entertainment fan duel, Bet MGM, Caesarsothers.
New York-generated sportsbook $1.4 billion In 2022 total revenue while the state reports $693 million State tax revenue allocated to public education.
Record state tax revenue is a by-product of New York’s high tax rate on licensed sportsbooks. Each sports betting operator 51% tax rate According to Morgan Stanley, the average tax rate in the US is 19%.
new competition
January 1, Ohio Start Legal Sports Betting — Join 35 other states Since the U.S. Supreme Court approved state-regulated betting in 2018.
Last week, the Ohio Casino Regulatory Commission announced it intended to take action against BetMGM, Caesars, and DraftKings. Violation of Ohio law Regarding advertising.
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