New York sports betting revenue soars to $3.6m in January
New York’s four commercial casino sportsbooks earned a total $3.6m in January gross revenue according to figure released by the state Gaming Commission.
The Rivers Sportsbook at Rivers Casino & Resort Schenectady led the way with $1.4m, one of three New York sportsbooks to set a monthly record in January. That figure was up from $950,000 December revenue and topped Rivers’ previous record of $1.1m set in October of last year.
Right behind was the DraftKings Sportsbook at Del Lago in Waterloo, which brought in revenue of $1.3m. January marked the first time that Del Lago and DraftKings topped the $1m mark.
Resorts World Catskills in Monticello finished third with $480,000, a significant improvement from the $109,000 it earned in December. January was the second-best month for Resorts World’s sportsbook, trailing only October 2019’s $506,000.
Rounding out the group was the FanDuel Sportsbook at Tioga Downs in Nichols, which generated revenue of $390,000. That too is a record for Tioga and FanDuel.
The New York Gaming Commission does not release monthly sports betting handle nor win percentage.
New York lawmakers are poised to debate online sports betting legislation this year after Gov. Andrew Cuomo said last month that he is in favor of developing a state-run online sports wagering environment. A recent study from Spectrum Gaming estimated that the state could see $1bn a year in online sports handle.
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