NY Betting Revenue Up, Still Trails Mobile Betting States

NY Betting Revenue Up, Still Trails Mobile Betting States

The year got off to a decent start for sports betting in New York as January wagering revenue was up after an abysmal December -- but the big takeaway is that another football season has passed without mobile sports betting in The Empire State.

New York’s four commercial sportsbooks reported a combined revenue of just $780,418 to close out the year, but last month’s figures were a tad more respectable (New York does not release sports betting handle statistics).

The books generated a revenue of $1,943,351 in January, representing an increase of almost 150%. The most notable improvement was seen at Resorts World Catskills in Monticello, which saw its revenue rise from $65,236 to $395,659, representing a whopping 507% increase.

Also contributing to the total was Rivers Casino and Resort in Schenectady ($778,997), del Lago Resort and Casino in Waterloo ($610,250), and Tioga Downs Casino in Nichols ($158,445).

As nice as those numbers might seem, the fact remains that New York is still lagging behind other states that have legalized wagering on sports.

West Virginia, Iowa Still Outdoing New York

It can’t be ignored that as the Empire State has struggled to pass legislation to allow mobile sports betting, the state continues to lose out on potential revenue and come up short when compared to its far less populous competitors.

Iowa and West Virginia are two prime examples of how key mobile betting truly is towards boosting revenue figures. To provide some context, New York boasts a total population of nearly 19.5 million people, while Iowa reports a population of 3,155,070 and West Virginia almost halves that at 1,792,147.

Yet Iowa reported around $3.2 million in sports betting net receipts for the month of January, while West Virginia sportsbooks reached $2.2 million over that span. That’s essentially $1.20 generated in revenue for every citizen of the Mountaineer State and nearly $1.00 per person in Iowa, while New York generated only around $0.10 per person.

January Sports Betting Revenue

StateTotal RevenueOnline Revenue
New York$1,943,351N/A
West Virginia$2,226,903.72$768,040.35

The impact of mobile betting on those fantastic relative numbers is huge. Iowa brought in $1,370,872 from online/mobile wagering which represented 42.4% of total betting revenue. West Virginia, meanwhile, generated $970,873 online to make up 44.1% of the final figure.

New Jersey Remains Noisiest Neighbor

Even those figures, from states much smaller than New York, do not tell the full tale as well as the success of two larger states which border New York.

New Jersey sportsbooks continue to draw New Yorkers over state boundaries with a more appealing system and overall product including mobile betting. Those mobile bets account for more than 80% of the total market in New Jersey, which has been challenging Nevada's sports betting supremacy for nearly a year.

Another New York neighbor is reaping the benefits of mobile sports betting as well, with top Pennsylvania sportsbooks pulling in close to 90% of their handle via mobile.

It’s simply proving too difficult to realistically compete with the ease and convenience of pulling out a phone or other device to place a bet on the go or at the last minute.

New Jersey hasn’t released its January revenue report but its December numbers tell a defined story. The Garden State generated $25,491,278 in online wagering revenue alone compared to just $3,933,606 in in-person retail revenue.

Betting News Articles

Latest Betting News

DISCLAIMER: Online Wagering is illegal in some Jurisdictions. It is your responsibility to check your local regulations before playing online. GDC Trading Ltd takes no responsibility for your actions.
© 2011-2020 GDC Trading Limited. All Rights Reserved. Gambling.com is a registered trademark of GDC Trading Limited.
Terms and Conditions  |   Privacy Policy

Asset 4 Android GET IT ON facebook Download_on_the_App_Store_Badge_US-UK_RGB_blk_4SVG_092917 twitter