Posts Tagged ‘New York State Gaming Commission’
New York Sports Betting Hold Drove A 67% Tax Jump
New York’s mobile sportsbooks kept 12.09% of the $384,761,040 wagered in the week ending Aug. 2. Gross gaming revenue rose 66.7% week over week while handle rose 8.67%, a tax swing near $9.5 million. The fiscal year’s largest handle week, ending June 14, posted negative revenue of $48,515,979 and no tax. Handle across 19 weeks…
Read MoreBullish Morgan Stanley Memo Boosts DraftKings Stock
Investment firm Morgan Stanley released a memo on DraftKings’ stock on Wednesday, upgrading its standing from “equal weight” to “overweight”. DraftKings is set to see another substantial bump in stock price in 2022, with New York’s mobile sportsbook launch providing a huge boost to DraftKings’ revenue figures, among other factors. BOSTON – After a rough…
Read MoreNY Sports Betting Apps Expected 3 Weeks Before Super Bowl 56
New York’s mobile sports betting is expected to launch the second or third week of January, according to New York State senator Joe Addabbo Jr. Addabbo says that most of the nine licensed sportsbooks will be ready to launch at that time, though some may launch with a slight delay. ALBANY, N.Y. – New York…
Read More