The jockeying around the online NY sports betting tax rate discussion at next year’s legislature already is underway.
New York online sports betting handle fell $33 million from Week 1 of the NFL season to Week 2. Operators combined for $297 million in NY online sports betting handle from Sept. 12-18 after combing for $330 million from Sept. 5-11.
NY online sportsbooks amassed nearly $40 million in revenue from Sept. 12-18, though the hold was 13.4%. That is nearly double the national average since the fall of PASPA (7.3%.)
Overall, NY online sportsbooks have combined for $11 billion in handle this year (Jan. 8-Sept. 18) with $866 million in gross gaming revenue and $442 million in tax revenue.