Legalizing online casinos could generate $18 billion in revenue for New York
According to Analysis Group, if the iGaming sector is legalized in New York, the state could generate $18 billion (1.67 trillion rubles) in revenue over four years. In comparison, a regulated online casino market in Illinois could expect to see $9.2 billion (854.7 billion rubles). For the other three states examined, Maryland could potentially earn $5.5 billion (510.95 billion rubles) over the same period, while Virginia might see $5.4 billion (501.66 billion rubles). Louisiana has the most modest forecast, with an estimated $3.9 billion (362.3 billion rubles).
The authors of the study based their estimates on the impact of the iGaming sector in six U.S. states where online gambling is legal. They also considered data on sports betting and consumer behavior. The aim of the research was to understand how the iGaming sector interacts with the traditional casino market.
The recent wave of legalization for online sports betting in the U.S. has begun to slow, with a growing focus on the regulatory opportunities within the iGaming sector. The Analysis Group report is particularly relevant in this context, especially amid ongoing debates in the U.S. regarding the potential encroachment of online platforms on physical establishments. Additionally, this and other studies challenge the notion that online casinos have a detrimental effect on traditional ones.
New York state legislators—Senator Joseph Addabbo and Assemblyman Jay Gary Pretlow—have been actively lobbying for the legalization of iGaming in New York. They predict that online casino revenues could reach $1 billion (92.9 billion rubles) annually, surpassing the figures for the mobile sports betting market. However, the proposal was not included in the new budget.
It is also worth noting that efforts to legalize casinos in Texas are once again underway.
Blog
Explore more interesting news
Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...
The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...
Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...
Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...
Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...
A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...
Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...
The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...
Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...
BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...
The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...
Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...
