- New York sports betting has grown exponentially from their December 2019 revenue figures to those seen in December 2020.
- The nine months of the current fiscal year has seen a total of $8.8 million in revenue for sportsbooks, even with the mandatory shutdowns that lasted for almost half of the year.
NEW YORK – Year-on-year revenue for New York for sportsbooks in the month of December saw a spike of 210.6%.
December 2019 posted a GGR of $710,418 while the same month in 2020 collected $2.3 million in revenue from sports betting.
While this figure is a tremendous surge from a year-on-year basis, it is down $300,000 from a month-to-month view as November saw a revenue of $2.6 million for the industry.
The December Revenue Report Breakdown
In the current fiscal year of the Empire State, the last nine months have brought in $8.8 million in revenue from the sports wagering market. These numbers cover only the commercial locations in upstate New York and do not factor in any Tribal sports betting activity that’s been done.
With online and mobile sportsbooks being unavailable in the state, and establishments forced to shut down from March through the summer due to the Coronavirus Pandemic, an $8.8 million profit is quite a feat for the market.
Even with sports betting venues now opened at casinos, they’re still operating at limited capacities because of COVID-19. The New York State Gaming Commission’s December report has Rivers Casino and Resort, a Rush Street sportsbook, bringing in the most revenue with $949,804 for the month. Following closely behind was the del Lago Resort, operating with DraftKings, which had $922,718 in GGR in December.
In the final two spots on the board, because there are only four commercial sports betting venues in New York, FanDuel’s Sportsbook at Tioga Downs contributed $277,301 for the overall December revenue tally. The Resorts World Catskills sportsbook only had $108,948 of revenue for the month but that’s a 67% uptick from the dividends they posted in December 2019.
The New York legal sports betting industry as a whole has shown huge amounts of growth as individual operators from a year-on-year standpoint. The sports wagering engagement by New Yorkers is expected to continue to rise in the months ahead as more sporting events take place.
And with talk of possible legalization of mobile sports betting platforms in 2021 for the Empire State, these numbers could skyrocket that much further in the future for the industry.
News tags: Coronavirus pandemic | COVID-19 | del Lago Resort | DraftKings | FanDuel | New York | New York State Gaming Commission | Resorts World Catskills | Rivers Casino and Resort | Rush Street Gaming | Tioga Downs
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.