Online Sports Betting Will Generate Millions In Tax Revenue For New York But Likely Fall Short Of Official Projections

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The Street

By PR Newswire LAS VEGAS, Jan. 5, 2022 /PRNewswire/ — Gaming experts from, a leading source for news and analysis of the fledgling New York gaming market, predict that New York will find it difficult to reach $500 million in annual tax revenue by fiscal year 2024 that proponents of legalizing online sports betting originally projected. Former Gov. Andrew Cuomo’s administration budgeted for proceeds from online gambling to reach $99 million in FY 2022, $357 million in FY 2023, and $500 million by FY 2024, which would easily be the most ever for one state. With the regulations for on…

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