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New York Sports Betting Revenue Slips 40.9% During Past Month

In November, the four licensed sportsbooks in New York generated $1.3 million in gross gaming revenue, the lowest monthly amount since the market opened.

The November figure reflects a drop of 40.9 percent month-on-month on $2.2 m in October, during which New York fell short of its $2.3 m monthly revenue record set in September.

New York’s sportsbooks have created a combined $6.0 m in sports betting revenue since the regulated market opened on July 16 this year. During the first full month of legal wagering in August, the state raised $349,468.

In November, Rush Street’s Rivers Casino & Resort Schenectady retained top sport in New York with revenue hitting $549,230 for the month from its Kambi sportsbook. This was 45.1 percent lower than the sum of $1.0 m in October, however.

Monticello’s Resorts World Catskills, featuring an International Game Technology (IGT) and Betgenius-powered sportsbook, saw revenue slip from $467,356 month-on-month at 7.7 percent.

Nonetheless, this was enough to push it to second place on the market, as revenue from its DraftKings sportsbook fell 59.8 percent to $230,092 from the del Lago Resort and Casino in Waterloo.

Tioga Downs Casino was somewhat behind the other sportsbooks in November, posting $61,618 in revenue from a retail sportsbook powered by FanDuel, down by 59.7 percent month-on-month.

Following a significant fall in sports betting income, however, overall gaming revenue from the four casinos increased slightly from October’s $51.4 m to $51.6 m.

Figures do not include contributions from tribal casinos in the region, with Oneida Nation conducting legal wagering at several properties in New York in conjunction with Scientific Games.

International Game Technology (IGT) also unveiled sports betting last week at the Akwesasne Mohawk Casino Resort in Akwesane, New York, the third location to release its state-owned PlaySports technology.

Source: https://www.igbnorthamerica.com/new-york-sports-betting-revenue-slips-40-9-in-november/

About the author

Eshlin Vedan

Eshlin Vedan

Eshlin Vedan is a professional Journalist from South Africa. He loves writing about Sports especially cricket and football/soccer. Eshlin is a neutral when it comes to club football. He is especially fond of the English Premiership and his favourite part of the season is the relegation battle.

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