New York State

Recent Impact of Gaming Expansions on Revenues and Problem Gambling in New York

State collections from all forms of gaming totaled $4.8 billion in State Fiscal Year 2022-2023. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports from 2021 to 2022. More attention should be devoted to understanding the implications of mobile sports betting, particularly on young New Yorkers.

Cyberattacks on New York’s Critical Infrastructure

Cyberattacks are a serious threat to America’s critical infrastructure and have the potential to severely impact our day-to-day lives. According to the FBI, cyberattack complaints in New York State increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022. Estimated losses in New York from cyberattacks in 2022 totaled over $775 million, while losses nationwide totaled $10.3 billion.

2022 Financial Condition Report

As State policymakers responded to the challenges of the COVID-19 pandemic and accompanying volatility in the State’s finances, New York ended the State Fiscal Year (SFY) 2021-22 budget on stable ground.