Knicks Run Cost Books Millions | New York City News

New York’s sports betting scene went wild as the Knicks’ unexpected NBA Finals run triggered a $1 billion mobile betting frenzy — and left major sportsbooks bleeding $14 million, their first net loss since launch. While the state missed its 51% tax haul that week, the broader economic impact? Hundreds of millions in sales tax and activity. Since 2022, NY has seen $91B wagered, with $8.3B net revenue — basketball’s boom driving the market, but also fueling a surge in gambling help calls. It’s a high-stakes game where winners and losers ripple across fans, books, and state coffers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Sources:https://gothamist.com/news/knicks-fans-bet-big-on-their-team-the-sports-betting-giants-lost More coverage & latest updates:https://sources.thednn.ai/843415d11fae97d9 Report issues to [email protected].