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New York gaming revenue grows but betting revenue down in October


The New York Gaming Commission has recorded gaming revenue figures of $60.4m for October, representing a 54.1% increase on the same time last year. 

October’s total also shows a slight decrease on the prior month, when revenue was $60.7m.

The Resorts World Catskills casino was the biggest contributor to the revenue total, generating gross gaming revenue (GGR) of $19.6m. Schenectady’s Rivers Resort and Casino followed with $16.7m, Del Lago Resort and Casino’s revenue was $15.6m, and Tioga Downs casino added $8.5m.

Statewide turnover for slots and table games also increased from last year, rising 51.0% to $627.5m. Resorts World had the largest figure for both, coming in at $155.6m and $42.9m respectively.

Sports wagering revenue for the month came to $1.7m, a 37.0% decrease on October 2020.

Rivers Casino and its namesake sportsbook were the best performers with sports betting revenue of $949,784. Del Lago’s DraftKings sportsbook was next with $503,241, followed by Resorts World’s figure of $222,437. The FanDuel operated Tioga Downs contributed $43,152.

Sports betting handle for the month amounted to $25.5m.

New York recently took a step closer to debuting mobile sports betting within the state after the Gaming Commission recommended nine operators for licenses. 

A FanDuel-led consortium including DraftKings, BetMGM and Bally Bet was recommended, in addition to one of Kambi’s two proposals – involving Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive and Wynn Bet.

The consortium is also aligned with the Oneida Indian Nation and Saint Regis Mohawk Tribes.

The operators will be required to pay a 51% tax rate.