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NY sports betting revenue hits year-low in December


Sports wagering revenue in New York amounted to $780,418 in December, the lowest monthly figure since the state launched its legal market last July.

The figure represented a 40.0% drop on the $1.3m generated in November, which was previously the worst performing month since the roll out of legal sports betting in the state.

December’s result was also well short of the $2.3m monthly record that was set in September. Since the launch of legal wagering in July 2019, New York’s four licensed sportsbooks generated a total of $6.8m in revenue.

The del Lago Resort and Casino in Waterloo, which has a DraftKings sportsbook, was the market leader in December, posting $335,283 in total revenue. This represented a 45.7% improvement on the $230,092 generated in November, and saw the casino jump from fourth place to pole position.

Rush Street’s Rivers Casino & Resort Schenectady, which led the market for the past few months, slipped to second place with revenue of $311,828, a decline of 43.2% on November.

Tioga Downs Casino, which runs a FanDuel-powered retail sportsbook, followed some way behind in third with $68,071 in revenue, up 10.5% on $61,618 in the previous month.

Resorts World Catskills in Monticello, which features an International Game Technology and Betgenius-powered sportsbook, slipped to last place in the market with revenue of $65,236. This was down 85.7% from $467,356 in November.

Total gaming revenue also fell 5.0% month-on-month from $51.6m in November to $49.0m.

The figures do not include contributions from the state’s tribal casinos, with Oneida Nation currently running legal betting in partnership with Scientific Games at several properties in New York, and IGT powering wagering at the Akwesasne Mohawk Casino Resort.