Lack of progress towards mobile betting in New York apparently hampered sports betting revenues in November. The state’s four licensed sportsbooks generated their lowest monthly figures since markets opened, according to SBCAmericas.com.
New York sportsbooks recorded $1.3 million in gross gaming revenue last month, reflecting a drop of 40.9 percent month-on-month from the $2.2 million in October. Since the market opened up in July, the four sportsbooks have produced a combined $6 million in sports betting revenue, but continued to fall short of projections for the last few months as bettors opt to travel to New Jersey.
Rush Street’s Rivers Casino & Resort Schenectady finished first, reporting revenues of $549,230 for November from its Kambi sportsbook, a 45.1 percent drop compared to October. Monticello’s Resorts World Catskills reported a 7.7 percent month-on-month drop in revenues to $467,356 for its International Game Technology and Betgenius-powered sportsbook.
The DraftKings sportsbook at the del Lago Resort and Casino in Waterloo suffered a 59.8 percent drop to $230,092. And Tioga Downs Casino trailed behind with its FanDuel-powered sportsbook, generating revenues of $61,618 for the month, down 59.7 percent.
Still, overall gaming revenue from the four casinos increased slightly from October’s $51.4 million to $51.6 million. The figures do not include results from tribal casinos in the region, with Oneida Nation conducting legal wagering at several properties in New York in conjunction with Scientific Games.
