Author: Joe Kizlauskas
Last Updated: 20th April 2022
In November, lack of progression for mobile betting in New York continued to hamper sports betting revenues as the four licenced sportsbooks generated their lowest monthly figures since the opening of markets.
New York’s sportsbooks last month recorded $1.3 million in gross gaming revenue, reflecting a 40.9% month-on-month drop to $2.2 million in October.
The four sportsbooks have created a combined $6 m in sports betting revenue since the market opened in the Empire State in July, but have continued to fall short of revenue projections over the past few months as punters opt to travel to New Jersey.
Rush Street’s Rivers Casino & Resort Schenectady took pole position in New York, recording $549,230 in sales from their Kambi sportsbook for the month of November. The November figures represented a 45.1 percent drop compared to the $1 million produced in October, in line with overall trends across the state.
Near behind was Monticello’s Resorts World Catskills, which for its International Game Technology (IGT) and Betgenius-powered sportsbook posted a 7.7 percent month-on-month drop in revenue to $467,356.
The DraftKings sportsbook at Waterloo’s del Lago Resort and Casino hit last month’s sales, recording a fall of 59.8% to $230,092.
Tioga Downs Casino trailed back with its FanDuel-powered sportsbook, posting month-to-month sales of $61,618, down 59.7 percent month-to-month.
But despite somewhat disappointing figures, overall gaming revenue from the four casinos rose slightly from $51.4 m to $51.6 m in October.
The statistics do not include contributions made to the region’s tribal casinos, with Oneida Nation performing legal wagering in partnership with Scientific Games at several New York properties.