In the last three years, New York has become the sports betting capital of the US.
In the last three years, New York has become the sports betting capital of the US. ·  View in browser
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Mobile sports betting provided a total of nearly $2.6 billion in revenue to the state’s education system between January 2022 and December 2024. Photo: Niels257 / Wikimedia Commons | Illustation: Leor Stylar
In the last three years, New York has become the sports betting capital of the US.
By Julia Rock

In the three years since New York legalized mobile sports wagering, nearly $58 billion in bets have been placed in the state, according to the state Gaming Commission.

New York operators now bring in the most sports betting revenue of those in any state by a wide margin, according to the American Gaming Association, and state budget officials expect the industry to keep growing. (Other large states like Texas and California have declined to legalize mobile sports betting.)

Sports betting makes up nearly one-fifth of the state’s total gambling revenue; the rest comes from casinos, horse racing, and the lottery. (New York’s lottery, the biggest in the country, brought in $8.2 billion in sales during the 2023-2024 fiscal year; mobile sports betting brought in 1.7 billion in revenue.)

Industry proponents claim it has been a boon for the state’s public schools — which receive most of the gambling industry’s tax revenue — although education experts say that funding levels for education aren’t directly tied to the amount of sports betting revenue coming in.

Meanwhile, the convenience of mobile betting may exacerbate addictive gambling behaviors and a growing body of research has found that legalization may be contributing to rising consumer debt and bankruptcies.

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Staying Focused is compiled and written by Alex Arriaga
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