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New York sports betting revenue reaches $1.6m in May


Commercial sports betting revenue in New York amounted to $1.6m in May, an increase of 23.1% from the total generated in April.

Year-on-year comparisons were not possible as the state’s four commercial casinos licensed to offer sports wagering were closed for all of May 2020 due to novel coronavirus (Covid-19) restrictions in New York.

Casinos were not permitted to reopen until September of last year, with retail sports betting suspended until the relaunch.

However, figures released by the New York State Gaming Commission did reveal an increase from the $1.3m generated by the four casinos in April this year.

Rush Street’s Rivers Casino and Resort in Schenectady led the way in May with $641,102 in total sports betting revenue, ahead of the del Lago Resort and Casino in Waterloo and its DraftKings sportsbook on $555,855.

Resorts World Catskills followed with $307,607 in revenue, an improvement on the $7,747 loss posted in April. while Tioga Downs Casino in the Fingerlakes, which operates a FanDuel sportsbook, ranked fourth with $85,550.

For the financial year to date, sports betting revenue on New York for the two months to the end of May amounted to $2.9m.

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