The data is in, and the data is amazing. There’s no slowing down New York mobile sports bets, and residents of the state continue to wager staggering amounts. After a quick start, their momentum has maintained itself and is now over $3.5 billion. Online sports book operators have seen betting averages above $50 million per day, and all those bets have translated into nearly $240 million in revenue. But let’s not forget that the state takes a ludicrous 51% of that in taxes. Any thoughts of the betting volume slowing down can be dismissed, at least for now. Industry experts…

Gaming experts from PlayNY.com say that New York mobile sports bets will do well, but may not quite live up to the to $500 million in annual tax revenue expectations some have predicted by 2024. Former Gov. Andrew Cuomo’s administration budgeted for proceeds from online gambling to reach $99 million in FY 2022, $357 million in FY 2023, and $500 million by FY 2024, which would easily be the most ever for one state. With the regulations for online sports betting now clearer, the New York mobile sports bets market will be highly lucrative for the state but fall short of…

If you are an operator wanting to offer New York mobile sports bets, get ready to pay a heavy price. After years of trying to pass legislation to allow the activity, the state of New York seems pretty proud of themselves. The cost for the privileged of serving players in the Empire State? How about $25 million up front for the license, and 50% (or more) in taxes on your gross revenue! Additionally, the state would prefer to deal with operators who already have a revenue sharing agreement with a Tribal Gaming interest within the state, and that’s sure to…