New York Sports Betting Revenue Down 67.7% in February
New York State’s four commercial sportsbooks reported gross gaming revenue (GGR) of just $1,153,276 for the month of February.
This marks a 67.7% drop on January’s record sports betting GGR of $3,569,855.
Of the four commercial casinos that operate sportsbooks within the state, Rivers Casino & Resort led the sports betting market with $463,663 GGR followed closely by del Lago Casino & Resort who posted $376,118 GGR.
Both Resorts World Catskills and Tioga Downs Casino had poor months posting just $157,098 and $156,397 GGR from sports wagers.
While New York currently only allows in-person sports betting at its four commercial casinos, there is hope that legislation will be passed in the coming months to allow mobile sports betting.
Senator Joseph Addabo, Jr., chairman of the Senate Committee on Gaming, Racing & Wagering, has recently predicted a start date of September 9 2021 for mobile wagers within the state.
However, it is not yet clear if the state’s existing sportsbooks will be allowed to accept mobile wagers as Governor Andrew Cuomo has intimated that he would like mobile sports betting to be run like a lottery with one vendor controlling the market.
Ciaran has a decade of experience writing for some of the biggest names in the eSports, poker, and casino industries.