New York Takes in $690 Million in Gaming Tax Revenue for 2022
New York State raked in just under $693 million in gaming tax revenue for the calendar year 2022, based on the latest figures released by the New York State Gaming Commission. The $692.8 million year end total comes after another strong month of wagering where $1.6 billion was bet in December 2022, generating $72 million in tax revenue to close the year.
In all the Empire State saw more than $16 billion wagered from January to December. Total revenue for the various sports books was $1.36 billion. Because of New York State's highest in the nation 51% gaming tax, sports books took away just over $660 million in revenue.
Of the four major sportsbooks in New York, FanDuel led the way in wagers and revenues taking in over $6.5 billion in bets and securing $319 million in revenues. DraftKings saw the second most generated revenue with approximately $178 million from $1.34 billion in bets, Ceasers Sportsbook was third, $2.8 billion in wagers, $105 million in revenue and MGM was fourth with $1.3 billion in wagers and $39 million in revenue.
Combined, the four major sportsbooks contributed more than $330 million to New York's gaming tax revenues.