Super Bowl pushes NY sports wagering near $2.5B mark

Super Bowl pushes NY sports wagering near $2.5B mark

SCHENECTADY — A whopping $2.45 billion was bet electronically in New York on sporting events in the first five weeks of mobile sports wagering, up through Super Bowl Sunday.The first month of legal mobile sports wagering in New York was the highest one-month performance ever, for any state, Gov. Kathy Hochul announced last week, before the week leading up to the big game was tallied.All those wagers resulted in $154 million of gross gaming revenue for the sportsbook operators, which will mean $78.5 million in tax collections for New York, which has the highest tax rate on mobile wagers in…
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Blasts from the Past: ‘Monte Carlo’ of Fulton County

Blasts from the Past: ‘Monte Carlo’ of Fulton County

Just shy of a month ago, on Nov. 8, New York State lawmakers approved mobile sports betting. Two licenses will be granted to two consortiums, each of which includes partnerships with the Oneida, Seneca, and St. Regis Mohawk nations (who have long been granted exclusive gambling rights). This comes eight years after the vote to expand gaming in the state with seven new casinos in 2013. The caveat that the first four licenses went to upstate communities, with an eye on boosting economies in struggling areas, resulted in the opening of Rivers Casino in nearby Schenectady. New York has been…
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