Lack of progression for mobile betting within New York has continued to hamper sports betting revenues in November, as the four licensed sportsbooks generated their lowest monthly figures since markets opened.
New York’s sportsbooks recorded $1.3m in gross gaming revenue last month, reflecting a drop of 40.9% month-on-month on $2.2m in October.
Since the market opened up in the Empire State in July, the four sportsbooks have produced a combined $6m in sports betting revenue, but continued to fall short of revenue projections for the last few months as punters opt to travel to New Jersey.
Rush Street’s Rivers Casino & Resort Schenectady took pole position in New York, reporting revenues of $549,230 for the month of November from its Kambi sportsbook. Conforming to overall trends across the state, the November figures reflected a 45.1% drop compared to the $1m generated in October.
Following closely behind was Monticello’s Resorts World Catskills, which reported a 7.7% month-on-month drop in revenues to $467,356 for its International Game Technology (IGT) and Betgenius-powered sportsbook.
The DraftKings sportsbook at the del Lago Resort and Casino in Waterloo took a hit to revenues last month, reporting a 59.8% drop to $230,092.
Rounding up the figures, Tioga Downs Casino trailed behind with its FanDuel-powered sportsbook, reporting revenues of $61,618 for the month, down 59.7% month-on-month.
But despite somewhat disappointing figures, overall gaming revenue from the four casinos increased slightly from October’s $51.4m to $51.6m.
The figures are not inclusive of the contributions made at the tribal casinos in the region, with Oneida Nation conducting legal wagering at several properties in New York in conjunction with Scientific Games.