The all-time state tax revenue from sports betting recently surpassed $5 billion, reaching the benchmark in less than six years since the first wagers were placed beyond Nevada’s borders in June 2018.
More than 40% of that total — $2.15 billion — came in 2023, which was a banner year for sportsbook operators.
The known hold on gross sports betting revenue was 9.1%, well above the 7% industry standard, and more than one full percentage point higher compared to 2022. Last year’s tax receipts were $643.4 million higher than 2022, boosted not only by five new states entering the marketplace but by four of them having tax rates on revenue derived from sports betting apps at 14% or higher.
The $271.8 million in state taxes for January’s wagering is already an all-time monthly high. State taxes from reports covering the first two months of 2024 have already surpassed $400 million, which puts the year on pace for yet another all-time high.
| State | Total State Taxes | 2023 State Taxes | State Tax Rate(s) | Last Month Reported | Launch Date |
|---|---|---|---|---|---|
| New York | $1,735,695,328 | $862,638,361 | 10% retail AGR; 51% mobile AGR | February 2024 | July 2019 (Retail); January 2022 (Mobile) |
| Pennsylvania | $537,976,832 | $155,889,557 | 34% AGR | February 2024 | November 2018 (Retail); May 2019 (Mobile) |
| New Jersey | $457,034,973 | $128,885,414 | 8.5% retail AGR; 13% mobile AGR | February 2024 | June 2018 (Retail); August 2018 (Mobile) |
| Illinois | $366,349,887 | $150,341,611 | 15% AGR | December 2023 | March 2020 (Retail); June 2020 (Mobile) |
| Tennessee | $212,171,330 | $83,557,513 | 1.88% of Handle | February 2024 | November 2020 |
| Oregon | $196,328,771 | $75,729,585 | 100% Revenue (run by Lottery) | February 2024 | August 2019 (Retail); October 2019 (Mobile) |
| Ohio | $159,497,489 | $136,800,452 | 20% AGR | January 2024 | January 2023 |
| Virginia | $154,334,544 | $72,296,704 | 15% AGR | January 2024 | January 2021 (Mobile); July 2022 (Retail) |
| Nevada | $149,912,522 | $32,494,031 | 6.75% AGR | January 2024 | 1949 (totals since June 2018) |
| Indiana | $130,243,345 | $38,615,367 | 9.5% AGR | February 2024 | September 2019 (Retail); October 2019 (Mobile) |