The first several days of legal sports betting in New York have already seen record numbers — and the state is on track to break $1 billion in bets in its first month.
New Yorkers bet $603.1 million between Jan. 8-16 using four mobile sportsbooks, according to the New York State Gaming Commission. The gross gaming revenue between the four operators — Caesars, FanDuel, DraftKings, and BetRivers — topped $48 million.
The state is on track to reach or top the current monthly record, held by New Jersey, which logged $1.3 billion in October.
The trend follows a massive opening weekend of $150 million.
Raking in Taxes
Betting operators and fans weren’t the only ones to cash in — New York State did, too.
- New York’s tax rate on betting revenue is 51%, meaning the state has already made $24.6 million — more than any other state, according to PlayNY.
- The record was previously held by Pennsylvania, which made $23 million in November.
With the launch of BetMGM on Jan. 17 and pending launches of other sportsbooks, the numbers could continue to climb. The state of New York could make $249 million this year and over $100 million more in 2023. By 2027, $518 million could pour in annually.
![Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.](https://frontofficesports.com/wp-content/uploads/2025/02/USATSI_25429594_168416385_lowres-e1739674194139.jpg?quality=100&w=1024)
