With twice the population of New Jersey, New York is likely to eventually eclipse the title New Jersey has held since 2019 as the sports betting capital of the nation after its revenue surpassed Nevada and its sprawling Las Vegas sports books.
alone, a national record, and all but $100 million of it came from online wagering, even with the state's nine casinos in Atlantic City and three racetracks offering in-person betting.
through the Seminole Tribe of Florida, leaving the state also with the possibility of a referendum in November. In Texas, lawmakers might reconsider it in 2023 when state lawmakers return to Austin.revenues in the U.S. may grow from $900 million a year to $39 billion by 2033Border battle underway "New York’s launch of mobile/online sports betting is likely to only impact patrons living close enough to the New Jersey border to make travel from New York to New Jersey for the purpose of wagering convenient," said Jane Bokunewicz, the faculty director at the Institute of Gaming, Hospitality and Tourism at Stockton University in Galloway, N.J., in an email.
New York's tax rate on mobile sports betting providers is 51 percent, among the highest in the nation, compared to 14.25 percent in New Jersey., which is what is left after payouts to winners, has showed no signs of slowing: It doubled between 2020 and 2021 to a nation-leading $816 million, state records show.
For Atlantic City, which struggled for years after casinos began opening in other East Coast states, mobile sports betting and other internet gambling games New Jersey has allowed give the resort town another way to build revenue without having to draw gamblers to its hotels. Owner Jeff Gural, who also owns a sportbooks and horse track in the Southern Tier region of New York, said he expected more of a hit on the mobile side of the business rather than the in-person toll side at the Meadowlands.
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