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New York sportsbook revenue falls 4.4% in October


Revenue from New York’s four commercial sportsbooks declined 4.4% month-on-month in October to $2.2m, though this still represented the second-highest monthly total since the launch of regulated retail wagering in July.

The October total was just shy of the monthly gross gaming revenue record, set in September at $2.3m.

New York has now generated $5.7m in sports wagering revenue since the market opened on July 16.

Rush Street’s Rivers Casino & Resort Schenectady remained the market leader in October, posting $1.0m in revenue from its Kambi-powered sportsbook. This was 10.6% higher than the $903,892 generated in September.

However, it was not such good news for del Lago Resort and Casino in Waterloo, which remained in second place in the market, but saw revenue tumble. Revenue for the operator, which has partnered DraftKings, was down 31.6% from $836,929 in September to $572,410 last month.

Resort World Catskills in Monticello, which runs a sportsbook powered by IGT and Betgenius, reported month-on-month revenue growth, with revenue up by 32.8% from $381,210 in September to $506,380.

Meanwhile, the Tioga Downs Casino in Nichols, saw revenue decline 6.0% from $161,834 to $152,696 in October. Tioga Downs runs a FanDuel-branded retail sportsbook.

For the month of October, the four casinos posted $51.4m in total gaming revenue.

The figures do no include contributions from New York’s tribal casinos, with the Oneida Nation launching legal wagering, powered by Scientific Games, at several properties in the state.

The number of operators in the New York sports betting market is set to almost double after Kambi last week agreed a multi-channel deal to supply sportsbook technology to three Seneca Gaming Corporation (SGC) casinos in the state.

Kambi, in partnership with Bragg Gaming Group, will install on-property sports wagering products inside Seneca Niagara Resort & Casino in Niagara Falls, Seneca Buffalo Creek Casino in Buffalo, and Seneca Allegany Resort & Casino in Salamanca.

Seneca Resorts & Casinos, the SGC division that oversees the three casinos, will begin the roll-out of on-property sportsbooks imminently, with the aim of going live before the end of the year.