As per the 51% tax rate on winnings, the Empire State pocketed a total of US$77 million in tax revenue.

Operators saw a decline from 8.3% to 7.2% last month. Meanwhile, in terms of gross gaming revenue for the month, the state disclosed US$150.9 million, which was a slight 9% month-over-month decrease, while still rising just 1.8% year-over-year. Meaning that the market is expanding in size and popularity. It was expected that the NFL, college football, NHL, and NBA action would bring plenty of bets, but still, the monthly handle was 31% higher than the same month in 2022. Back-to-Back Above US$2Bįor November 2023, the state recorded a total wagering volume of US$2.1 billion, which was an all-time high for the jurisdiction. For its first 12 months of operations, it delivered just over US$700 million in tax revenue for the state from bets, which will be invested in youth sports, education, and tackling problem gambling. The Empire State has operated a regulated online sports wagering sector since January 2022, and it quickly transformed into the leading legal market in the U.S.

For November, the state’s nine digital sports betting operators generated US$2.1 billion in wagering volume, its highest monthly handle ever documented. Last month marked back-to-back monthly betting volumes above US$2 billion. After writing history in October 2023, New York’s mobile sports wagering market continues to impress through November 2023.

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