New York sees record Sports betting revenue in January
Year-on-year revenue for New York sportsbooks in the month of December saw a spike of 210.6%.
December 2019 posted a GGR of $710,418 while the same month in 2020 collected $2.3 million in revenue from sports betting.
While this figure is a tremendous surge from a year-on-year basis, it is down $300,000 from a month-to-month view as November saw a revenue of $2.6 million for the industry.
With online and mobile sportsbooks being unavailable in the state, and establishments forced to shut down from March through the summer due to the Coronavirus Pandemic, an $8.8 million profit is quite a feat for the market.
Even with sports betting venues now opened at casinos, they’re still operating at limited capacities because of COVID-19. The New York State Gaming Commission’s December report has Rivers Casino and Resort, a Rush Street sportsbook, bringing in the most revenue with $949,804 for the month. Following closely behind was the del Lago Resort, operating with DraftKings, which had $922,718 in GGR in December.
In the final two spots on the board, because there are only four commercial sports betting venues in New York, FanDuel’s Sportsbook at Tioga Downs contributed $277,301 for the overall December revenue tally.
The Resorts World Catskills sportsbook only had $108,948 of revenue for the month but that’s a 67% uptick from the dividends they posted in December 2019.