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New York sports betting drops to $1.3m in July


Sports betting revenue in New York declined 31.6% month-on-month to $1.3m in July, the second-lowest monthly total so far this calendar year.

The state was not able to publish year-on-year comparisons for July, with casinos having been closed from mid-March in 2020 until September last year due to novel coronavirus (Covid-19) restrictions.

As consumers in New York are limited to retail sports betting at casinos, this meant they were not able to place any wagers until the venues reopened.

Figures released by the New York State Gaming Commission revealed a month-on-month drop, with the $1.3m in revenue for July being the lowest monthly amount since $1.2m in February.

Rush Street’s Rivers Casino and Resort in Schenectady retained top spot in the market with $541,497 in revenue for the month, ahead of the del Lago Resort and Casino in Waterloo and its DraftKings sportsbook on $312,192.

Resorts World Catskills posted $300,642 in sports betting revenue for July, while the Tioga Downs Casino in the Fingerlakes, which has a FanDuel sportsbook, saw revenue amount to $119,290.

Revenue figures published by the New York State Gaming Commission do not include any contributions from the state’s tribal casinos.

Earlier this month, New York State Gaming Commission signed off on rules under which mobile sports betting will be conducted in the state.

The Commission approved the rules unanimously after making minor changes from the rules that were published in July alongside a request for applications for providers.

The rules explain that only platforms and operators approved by the state through the request for applications process may be permitted. Licenses granted through this process will then last ten years.