New Yorkers, consider yourself to be horrible gamblers — Lord have mercy!
According to a report from the New York Post’s Erich Richter, sports gamblers in New York bet over $129 million on the Super Bowl matchup between the Philadelphia Eagles and Kansas City Chiefs, with the sportsbooks taking home $41.3 million in profit.
Out of the books, it was FanDuel who raked in the most cash, earning $22.3 million out of the $56.78 million that was placed on the “Big Game.” Those figures are around a 40% hold on Super Bowl LIX. DraftKings didn’t profit how FanDuel did when it came to “The Empire State,” but still managed to profit $10.5 million dealing with a handle of just less than $40.5 million. (RELATED: Ticket Prices For 4 Nations Face-Off Championship Game Are Expensive — Very, Very Expensive — And Yet I Still Want One)
But here’s the good news, I guess, for New Yorkers who saw their pockets take a hit: Your money is going to state education. Yes, New York will be taking 51% of the $41 million earned by the books in taxes and will eventually be shipping off cash to their education departments.
OutKick’s Mark Harris had a perfect quote to describe it: “Gambling losses building the education department is some peak America behavior you simply have to respect.”
Our education system now being attached to gambling losses… And this is exactly why I homeschool my kids.