The state of New York expects online sports betting revenue to reach $1bn per year at maturity, after players wagered $150m in the state’s opening weekend of activity.
As part of New York’s state budget for the 2022-23 fiscal year, Governor Kathy Hochul released some early data on sports wagering in the state to demonstrate its expected tax impact.
After four operators – DraftKings, FanDuel, Caesars and Rush Street Interactive – launched online sports betting on 8 January, players wagered $150m in the opening weekend of activity. In total, there were more than 650,000 active player accounts.