New York’s Bookmaking Industry Hits Record $25 Billion in Just 16 Months
Kate Marshal
07 July 2023
Comment 0
Since the legalization of the bookmaking industry in New York, the sports betting market has witnessed astonishing growth, reaching a massive $25 billion within just 16 months. This remarkable achievement sets a new record for hitting the $25 billion mark. The record was held previously by New Jersey, where it took 47 months to reach the same value.
As of June 2023, the state has collected $983.5 million in taxes from the bookmaking industry.
The tax rate for bookmakers is 51% of the adjusted gross gaming revenue, making it the highest rate in the United States.
Leading the market in New York are DraftKings and FanDuel. FanDuel held the first position in terms of betting volume for 80 weeks before being surpassed by DraftKings in June. Combined, these two companies account for almost 75% of the market share in the United States.
Best Bonuses
Win Win Promo Code – Valid Bonus Code Today
Активен до: 22.12.2028
Get 100% first-deposit bonus for sports betting, followed by extra bonuses on the 2nd, 3rd and 4th deposits after the welcome bonus has been wagered.
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
