The numbers are in for New York sports betting in 2023, and they do not disappoint. Players in the state wagered more than $19.6 billion on sporting events last year, which translated to almost $1.8 billion in revenue. During the 12-month period ending on March 31st, total wagers in the Empire State surged by almost 20%, reaching $16.4 billion, and surpassing the figures from the previous fiscal year. This milestone also marks the highest annual expenditure for online sports betting recorded in any state regulating the activity in America. Additionally, the gross gaming revenue experienced a remarkable year-on-year increase of…

The man responsible for sports betting in his state is back at work. Senator Joseph Addabbo has rolled out a New York online gambling bill that would regulate web based casino games, including slot machines. The bill also has provisions for live dealer and table games, as well as for online poker. In true New York fashion, however, Addabbo’s bill proposes a tax rate of over 30% to be imposed on operators. That’s about twice as much as the usual 15% in other states that have regulated internet casino games. But before we get ahead of ourselves, this bill has…

If you were hoping for New York online gambling or poker this year, we have some bad news for you. State legislators could not get a deal done in regard to a measure being pushed by State Senator Joseph Addabbo, who also pushed sports betting reforms there. Since regulating mobile and online sports bets, the state has set revenue records in America. Despite this, the current legislative session will end on June 2nd with nothing accomplished for web based casino games. Addabbo’s bill didn’t see much support after clearing committee. Of course, those who remember the struggles of sports betting…

A Court of Appeals has ruled that New York fantasy sports are perfectly legal. This coming as the court found sufficient evidence that playing fantasy sports is skill-based and therefore not subject to state gambling laws. The case had been winding its way through the system since 2016 an anti-gambling group asserted that New York fantasy sports were unconstitutional and violated gaming laws. Two lower court decisions agreed with that belief. However, the appeals court arrived at a different conclusion all together. They found that fantasy sports are not based on chance, nor are they betting on sports events. Instead,…

Just two months after the record breaking launch of mobile sports betting, the expansion of New York online gambling into casino games is being proposed in new legislation. Well, that didn’t take long did it?! The political force behind the bill which regulated mobile sports bets, State Senator Joseph Addabbo, is now pushing a new bill seeking to do the same for online casinos.However, unlike the somewhat absurd tax rate of 51% imposed on mobile sports books, web based casinos would only be taxed at 25%. Addabbo’s Senate Bill 8412 specifically seeks to “authorize online interactive gaming” and collect a…

This week’s gambling news finds amazing records for mobile sports betting in New York, even with an insane tax rate. Not to be outdone, Hawaii is now considering sports betting with an even higher tax rate! And in case you missed it, more sports betting has launched in Louisiana! Welcome my friends to another edition of This Week in Gambling, where we have sports betting news from Louisiana and Hawaii, of all places! But we begin with a record-breaking update for mobile sports betting in New York! This week’s big story started a little over three weeks ago when mobile…