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New York sports betting revenue slips 40.9% in November


New York’s four licensed sportsbooks generated $1.3m in gross gaming revenue during November, the lowest monthly total since the market opened.

The November result represents a month-on-month decline of 40.9% on $2.2m in October, during which New York fell just short of its monthly revenue record of $2.3m, set in September.

Since the regulated market opened on July 16 this year, New York’s sportsbooks have generated a collective $6.0m in sports betting revenue. The state generated $349,468 during the first full month of legal wagering in August.

Rush Street’s Rivers Casino & Resort Schenectady retained top sport in New York in November, with revenue from its Kambi sportsbook hitting $549,230 for the month. However, this was 45.1% lower than October’s total of $1.0m.

Resorts World Catskills in Monticello, which features an International Game Technology (IGT) and Betgenius-powered sportsbook, saw revenue slip 7.7% month-on-month from to $467,356.

However, this was enough to take it into second place in the market, as the del Lago Resort and Casino in Waterloo saw revenue from its DraftKings sportsbook fall 59.8% to $230,092.

Tioga Downs Casino was some way behind the other sportsbooks in November, posting $61,618 in revenue from a FanDuel-powered retail sportsbook, down by 59.7% on a month-on-month basis.

However, despite an overall dip in sports betting revenue, total gaming revenue from the four casinos was up slightly from $51.4m in October to $51.6m.

Figures do not include contributions from the state’s tribal casinos, with Oneida Nation running legal wagering in partnership with Scientific Games at several properties in New York.

Last week, International Game Technology (IGT) also launched sports betting for the Akwesasne Mohawk Casino Resort in Akwesane, New York, the third venue to roll out its PlaySports technology in the state.