- Sports betting has been legal in New York for six years and is the largest markets in the United States.
- Since legalizing sports betting, New York sportsbooks have generated more than $6 billion in revenue and $3 billion in taxes.
ALBANY, N.Y. – New York legalized sports betting at commercial casinos in 2013, later opening the market to in-person sportsbooks in July 2019. It has been six years since the state’s legal sports betting market launched, with the New York bringing in over $3.2 billion in total tax revenue.
Some other notable facts regarding legal sports betting in New York over the past six years include:
- When New York legalized mobile sports betting apps, they authorized nine sportsbooks.
- In June 2025, New York sportsbooks surpassed $6 billion in revenue before paying taxes.
A complete annual financial summary of sports betting in New York is provided below.
Annual Summary of Sports Betting Revenue in New York
| Year | Betting Handle | Gross Gaming Revenue (GGR) | Tax Revenue (51%) | Notes |
|---|---|---|---|---|
| 2021 | ~$197 million | ~$23 million | ~$2.3 million | Only in-person (retail) betting allowed; limited volume |
| 2022 | ~$16.2 billion | ~$1.36 billion | ~$693 million | Mobile betting launched Jan 2022; explosive growth |
| 2023 | ~$19.1 billion | ~$1.7 billion | ~$861 million | Full year of mobile with new operator competition |
| 2024 | ~$22.7 billion | ~$2.05 billion | ~$1.04 billion | Highest annual tax take to date; record monthly handles |
| 2025 (YTD through June) | ~$12.9 billion | ~$1.24 billion | ~$656 million | Strong first half; on pace to exceed 2024 |
The upward trend in the reported sports betting revenue by the New York Gaming Commission Revenue Reports is due to the increase in mobile betting availability, yielding a rapid handle growth and rising operator profits.
New York’s tax structure explains these figures, and stands as one of the largest contributors to sports betting tax revenue in the U.S., amounting to 37% in 2023.
