NEW YORK STATE, USA — Mobile sports betting has been a big hit in New York. On Tuesday, Governor Kathy Hochul announced that after five months of mobile betting, New York State has collected the most tax revenue from sports betting of any state.

According to New York State data, $263 million in tax revenue was collected in less than six months. That’s more than any other state has collected even over several years, according to data from Legal Sports Report.

The $263 million raised in less than six months far exceeds what other states have collected. Since November 2018, Pennsylvania has collected $253 million in sports betting revenue. New Jersey has generated $229 million since June 2018.

This amount is also significantly higher than the revenue generated by commercial casinos since 2019. New York State data indicates that $4.3 million has been generated since July 2019, for a total of $267 million collected in revenue. taxes since sports betting became legal in the state.

“In less than six months, New York has become a leader among states in implementing successful gambling policies, with hundreds of millions of dollars going towards important programs that will improve the lives of all New- Yorkers,” Hochul said. “I am committed to maintaining responsible and effective gaming policies that will move the industry forward and continue to drive our state’s economic growth.”

Sports betting revenue will go towards education, grants for youth sports programs, and problem gambling prevention and recovery services.

“These numbers further prove that New York’s gambling industry is robust thanks to the implementation of effective gambling regulations and the actions of responsible sports betting operators. The results – hundreds of millions of dollars of revenue in less than six months of operation – speaks for itself,” said Chinazo Cunningham, commissioner of the New York State Office of Addiction and Support Services.

In addition to collecting betting tax revenue, the state collected $200 million in licensing fees from eight sports betting platforms.