New York Tax Collectors Make Bank on State’s New Legal Sports Betting
New York is home to one of the country’s highest tax rates on a so-called ‘sin tax.’ The state levies a 51 percent tax on the gross revenue of sports betting operators.
According to state officials, New Yorkers bet $2.6 billion on baseball at the state's new legalized sports books in the first 10 months of 2022. AP/Sue Ogrocki
