NY sportsbooks generate $1.3m in revenue in November

New York’s sports betting revenue took a hit in November.

According to figures from the New York State Gaming Commission (NYSGC), New York’s four commercial sportsbooks generated just $1.3m in gross gaming revenue in November.

The figures show a 40.9% month-on-month decline on the $2.2m generated in October. November’s figures represent the lowest monthly revenue the state has seen since it launched sports betting in July.

It’s important to remember that the NYSGC reports do not display sports wagering handle.

Breaking down the figures

All of New York’s commercial sportsbooks saw a drop in revenue last month. Once again, Rivers Casino & Resort Schenectady was the most successful of the state’s four commercial sportsbooks. The NYSGC’s November figures show that the Rush Street owned venue generated just $549,230 in revenue.

Resorts World Catskills in Monticello came in second place last month after the venue generated $467,356 in sports betting revenue.

The DraftKings powered sportsbook at the del Lago Resort and Casino in Waterloo held onto just $230,092 making it the state’s third most successful sportsbook in November.

The FanDuel branded sportsbook at Tioga Downs came in at fourth place with $61,618 in revenue.

Sports betting in NY

Six years ago, the Empire State legalized land-based sports wagering through the 2013 New York Economic Gaming Act. The passage of this law allowed four upstate casinos in New York to offer sports betting if the federal law prohibiting the activity was amended or overturned. New York officially launched legal and regulated sports betting in July, with the opening of the sportsbook at the Rivers Casino & Resort in Schenectady.

Several tribal casinos also offer sports betting in the state. In early August, two tribal casinos in New York also launched sports betting. The Oneida Indian Nation, in partnership with Caesars Entertainment, launched sports wagering at Turning Stone Casino in Verona and at Point Place Casino in Bridgeport.

Last week, an IGT powered sportsbook went live at the  Akwesasne Mohawk Casino Resort in Akwesasne, New York.

For an in-depth look at each state’s sports betting statistics visit the BettingUS stats page.

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