City & State NY Podcast: Sports Betting in New York
Co-hosts Tom Allon and Sen. Addabbo chat with Chairman Brian O’Dwyer of the NY State Gaming Commission and Jeremy Kudon, President of SBA, about the history of sports betting in NY, the role of the Gaming Commission, and the tax revenue implications of legalization.
State collects $401M in sports betting taxes in four months; What’s the money used for?
“So, for the money that New York State collects in taxes from sports betting companies, where does the money go? A lot of the money goes to funding education.”