"To their credit, Las Vegas book operators did not ignore the landscape or the numbers. Instead, they took action on multiple fronts."
Betting through the first 13 days of March showed more than $729 million wagered across eight total sportsbooks licensed in the state.
"The bill introduced by Addabbo and Pretlow would gradually lower the rate as more sportsbooks begin operating in New York."
"A number of factors have lead to the disappointing results."
"That is especially impressive given that mobile betting did not become legal until January 8."
Plenty of bettors in New York were chomping at the bit to legally wager on games.
"The data tell us that New Yorkers are dumping illegal sportsbooks for the new legal options, and operators are also excelling at attracting first-time bettors."
"Mobile wagering officially became legal in the Empire State over the weekend."
"Ryan Butler of Wagers.com reports that New York generated more mobile wagers than any other market ever has on its first day of legalization."
"All operators will pay a 51% state tax on their profits."