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New York sports betting revenue rockets in December


The New York State Gaming Commission has reported a 210.6% year-on-year increase in gross sports betting revenue in December.

Gross gaming revenue from sports betting amounted to $2.3m in December, up from $740,418 in the same month in 2019, but slightly down from $2.6m in November 2020.

Rush Street’s Rivers Casino and Resort in Schenectady again claimed top spot in the state’s market by posting $949,804 in sports betting revenue, up 204.6% in December 2019.

The del Lago Resort and Casino in Waterloo, which has a DraftKings sportsbook, ranked second with $922,718 in revenue, an increase of 175.2% from $335,283 in the previous year.

Tioga Downs Casino in the Fingerlakes, which operates a FanDuel sportsbook, followed with $277,301 in sports betting revenue, which represented a rise of 307.4% on the corresponding month in 2019.

Resorts World Catskills came in fourth with $108,948 in revenue, up 67.0% on December 2019.

Figures do not include contributions from the state’s tribal casinos.

For the financial year-to-date, sports betting revenue in the nine months to the end of December in New York was $8.8m.

Rush Street’s Rivers Casino and Resort revenue in the period was $3.7m, ahead of the del Lago Resort and Casino on $3.0m, Resorts World Catskills with $1.1m and the Tioga Downs Casino at $1.0m.

The growth comes despite the casinos having been forced to close for a large part of 2020 due to the novel coronavirus (Covid-19). Casinos closed in mid-March and did not reopen until the summer, with strict limited capacity restrictions in place.