In contrast, New Jersey’s full-month sports gambling tax collection was about $8 million. New York, with its now famous (or infamous, depending on one’s point of view) tax rate of 51% collected about $63.3 million in taxes for education from sports wagering. Taxes: However, where there’s real separation - and it’s a financial category that should surprise no one – is in tax collections.There was a substantial difference in hold between the two states that helps explain the revenue percentage disparity compared with the handle. Revenue: New York’s January revenue was about $124.1 million and Jersey’s full January revenue was $60.2 million, or about 45.5% of New York.So, Jersey more than held its own against the fourth-largest state in America by population. New Jersey’s January handle was a record $1.35 billion, or about 81% of New York. Handle: The New York New York sports betting handle in January was $1.67 billion.
