Bloomberg Tax
May 11, 2022, 12:00 PM

New York Leads US Sports Betting Market With Q1 Revenue Record

Angélica Serrano-Román
Angélica Serrano-Román

New York ranked as the leading US sports betting market after hitting a quarterly record for total commercial gaming revenue, fueled by the January roll-out of online sports betting.

The Empire State’s commercial revenue reached $996.6 million in the first quarter, 81.9% higher than the first quarter of 2021, according to a report released Wednesday by the American Gaming Association.

State revenue in the first quarter hit $320.9 million on $4.87 billion in total wagers.

“Q1’s strong results build on the industry’s record year in 2021 despite continued headwinds from supply chain constraints, labor shortages, and the impact ...

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