Gambling

New York Mobile Sportsbooks Take In $1. 1 Billion

It’ s only been a few weeks since New York mobile sportsbooks launched, and as one of the largest potential gambling markets in America, there’ s lots of money to be made… and that’ s exactly what state politicians were hoping for. Now, in just a few weeks of operation, the New York market is living up to expectations by bringing in just over $1. 1 billion in sports betting revenue. These numbers mean that the operators generated more than $91 million in profits in just over three weeks of operation. And at a tax rate of 51%, New York took in nearly $47 million. For…

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