January proved to be a better month for New York’s legalized retail sports betting sector, with the state’s four sportsbooks generating a combined $3.57m in gross gaming revenue. While paling into near insignificance in comparison to neighboring New Jersey, it was a record figure for the state since legal sports betting began in July of 2019.
According to reporting by LineUps.com the four books only produced $2.3m in December 2020. “The New York budget is at a deficit of $15bn, so this revenue spike is promising,” it noted. “It also should allow mobile sports betting to gain traction in the state legislature.”
LineUps went on to report that Rivers Casino generated the most revenue in January compared to the state’s other three commercial casinos, with Del Lago Casino and Tioga Downs Casino experiencing record revenue months, albeit falling short of Rivers. Resorts World Catskills experienced its second-best month since launching retail sports betting.
The site commented: “Rivers’ previous monthly revenue record was just over $1m in October of 2020. That record made sense because playoff baseball and basketball were occurring in addition to football. In January, Rivers shattered this previous best by generating $1.429m. Del Lago Casino broke $1m in revenue for the first time since sports betting was legalized. The sportsbook came in at $1.27m in gross gaming revenue.”
Resorts World Catskills came tantalizingly close to surpassing $500,000 in revenue, falling short of that total by $30,000 short of the total. Its largest monthly total ever recorded stands at $506,380. Tioga Downs, despite setting an individual record, produced the smallest figure of $390,349 in gross gaming revenue, more than $40,000 higher than the book’s previous record.