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Legal online sports betting has been a major economic boost for New York, with the Empire State bringing in more than $740 million in revenue when the industry went green in January.
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Gov. Kathy Hochul, who won an election to remain effective as the state’s leader on Tuesday, announced that New York has collected $542 million in taxes from online betting, as well as licensing, since the beginning of the year. Over $200 million in fees.
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“By bringing sports betting to New York, we opened the door to responsible entertainment for millions of sports fans, but we also brought significant revenue to support schools and youth sports, while enforcing important safeguards that Helping those who need it,” Hatchol said in a statement.
Legal sportsbooks, such as FanDuel and DraftKings, pay a 51 percent tax on gross gaming revenue for operating rights in the state.
At the same time, the government is also pushing to increase the number of brick-and-mortar casinos that offer on-site betting.
“Thanks to Governor Hochul’s implementation of smart gaming policies that deliver real, transformative results for New Yorkers, New York is the nation’s leader in sports betting,” said New York State Gaming Commission Chairman Brian O’Dwyer. “Revenue from sports betting provides critical support for our schools, youth sports and responsible gaming programs.”
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So far, gambling money has come from MLB ($2.6 billion), NBA ($2.5 billion), NFL ($1.3 billion), college football ($406 million) and other events, the governor’s office said.
One notable state where online betting is currently not allowed is California, one of the largest potential markets in the country.
During Tuesday’s election, residents of the Golden State overwhelmingly rejected a ballot measure that would have legalized mobile sports gambling, with 80% of the population voting against the idea.
In New York, the state has invested heavily in the Office of Addiction Services and Support, which helps fight gambling addiction.
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“OASAS is ready to provide services and support to New Yorkers struggling with problem gambling,” said CIAD Commissioner Chenjo Cunningham. “This additional revenue from mobile sports betting will allow OASAS to expand critical prevention, treatment, harm reduction and rehabilitation services throughout the state.”
The newly elected governor, who replaced former CEO Andrew Cuomo when he resigned last year, praised the additional revenue to the state from the newly formed industry.
“I’m proud of the work that’s been done to maintain our state’s top position in mobile sports betting, and I’m excited to continue that trend as we receive hundreds of millions of dollars to support the programs that New York’s People make life better.” Huckle said.
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Confused by all the options to get good sports betting information, accurate scores and current odds? We’ve got you covered.
Whether you have an Android or an iPhone, there are many options for ways to track and log all the information you need to make educated sports bets. And if you’re ready to bet, check out discounts for the best legal sportsbook apps in the US, including BetMGM and BetRivers, among other great options in Pennsylvania and other states.
The Scores & Odds app keeps scores, odds, odds, betting trends and more in the palm of your hand. Every serious sports bettor needs a great mobile app to stay on top of relevant betting information from the moment the line opens to the final seconds of the game. With the Score & Odds app, you can compare odds at sportsbooks so you can always find the best price; Get betting updates such as public betting percentages; Check live scores and see live odds during the match. Our favorite feature of all is SAO PropCast. If you’re an avid prop beater, I dare you to find a better way to stay on top of the players. Not only can you see the props before the game, but also the performance and speed of the players in real time.
Who it’s best for: An essential tool for new and serious sports bettors, the Score & Odds app can and should be used by anyone. That being said, there is no denying that there are very specific uses for prop beaters. Once you use PropCast, oral devices will never be the same—and until now, it certainly hasn’t been that simple.
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Developed by Action Network in 2018 and marketed to make “smart bets”, the app tracks real-time scores, odds and your picks. It also provides real time lines during live games. You can test App Drive for free, or upgrade to the Pro version ($9.99/month) or Pro Plus version ($29.99/month) if you’re more serious.
Who it’s best for: Frequent sports bettors will love this app because it tracks and logs all your bets while providing score updates and analysis.
This free app offers one-stop shopping for the latest sports information, scores and odds. Score offers real-time scoring updates, real-time alerts, breaking news, in-game stats, videos and social content. Covering the four major pro sports for pro football and more, Score offers an easy-to-use interface, odds, line moves and more. Betting Insights helps you make more informed decisions before placing your bets.
Who it’s best for: A great app for everyday sports fans trying to get all the latest news about their favorite sports team/league. It provides quick updates to keep fans updated on the latest news in sports information, and also provides odds and amounts for popular US sports as well as European gambling odds (soccer).
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Live scores and odds are to get the best line of bets in the market. It has a simple display and an easy-to-use interface. Just touch and hold to create in-game notifications or preferences. If you want to track a match you need to select the match league from the left hand dropdown, the date of the match and then the type of bet you want to track (money line, total etc.).
Live scores and odds give you up-to-the-minute odds from the top 20 web-based sportsbooks – currently mostly offshore, but adding a few from legal markets like New Jersey, Indiana, Colorado and Pennsylvania. We expect to soon add books like DraftKing Sportsbook, Caesars, Bet365, William Hill and FanDevil Sportsbook (reviewed here). Offshore sites can be filtered if you only want US-facing sites or vice versa. Cleverly, live scores and odds are said to give the user a better “wag” (or charge from the bookie) than any land-based casino.
Who it’s best for: This is a great app for getting the best lines for a game. This app provides the user with a lot of sports betting information such as the payline and move in amount, the number of lines available by the bookies and much more! One drawback of this app is that it does not provide the user with the most up-to-date sports news and information, but can be easily obtained from the above apps. If you’re a big-time bet, this is a great app to add to your repertoire.
Rated 4.7 out of 5 from 86,466 reviews, this app has most of what you want from a mainstream media player. The interface is easy to use and you can customize the information you want to see and track. As sports betting becomes more mainstream, CBS offers the latest lines, odds and line moves for all matchups. It’s the fastest sports app to send push notifications for scores, stats, news and tweets. And it’s free.
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Who it’s best for: The average sports fan who wants to follow their favorite sports team. The CBS Sports app is a great place to catch up on your scores and news and track line movement and preliminary lines and odds. Casual bettors will appreciate the betting features, but professional bettors need a more in-depth app to track everything they need.
Yahoo! The Sports app has always been a great source of news, headlines and scores, but after their partnership with BetMGM, it has become a great source for sports betting as well. Keep tabs on line moves, news, scores, lineup changes and more for your favorite teams, leagues and matches.
Who it’s best for: Yahoo! The sports app is the best choice for all sports lovers, with added features for a comfortable bet. until
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