'And it's magically positioned with the first and final 17-game season in NFL history.' 'It's arguably the biggest day in the history of sports betting,' Keane said. Still, that doesn't alter the long-term significance of today's metaphorical ribbon-cutting, said Patrick Keane, chief executive of The Action Network, a media platform aimed at sports bettors. Research firm Eilers & Krejcik Gaming estimates New York won't replace New Jersey as the national leader in gross gaming revenue - the amount of money players wager minus the amount they win - until 2024. New York has an onerous 51% tax on gambling revenue - far larger than New Jersey's 13% rate. That won't lead to an immediate injection of cash in the coffers of gambling companies, however. and is now the largest state to legalize sports betting. New York is the fourth most populous state in the U.S.
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