Mobile sports betting has meant big money for New York state, Gov. Kathy Hochul's office on Tuesday announced.
New York in the last six months has scored $267 million from sports wagering in the five months since bets from mobile devices like smartphones and tablets went into effect. Of that money, $263 million came from mobile sports betting since Jan. 8.
The state was always expected to be a major market for mobile sports betting. The revenue taken in is a record amount of money for any state that has since allowed mobile sports wagering, the governor's office said. The state has also collected more money from mobile sports betting than neighboring states which have had mobile sports wagering in place for several years.
New Jersey has collected $229 million since June 2018; Pennsylvania collected $253 million since November 2018.
"In less than half a year, New York has become a leader among states in implementing successful gaming policies, with hundreds of millions of dollars going to important programs that will improve the lives of all New Yorkers," Hochul said. "I am committed to upholding responsible and effective gaming policies that will move the industry forward and continue to drive our state's economic growth."
New Yorkers have been awash in mobile sports betting ads since the advent of the regulatory structure allowing it to move forward. It has stirred concerns of the ease of problem gambling being essentially one touchscreen away.
"OASAS stands ready with services and supports for New Yorkers struggling with problem gambling," New York State Office of Addiction Services and Supports Commissioner Chinazo Cunningham said. "The added revenue from mobile sports betting will allow OASAS to further enhance prevention, treatment, recovery, and harm reduction services for individuals or their family members who experience harms from gambling."