New York Loses Ground in December Sports Betting Revenue
New York ended 2020 on a down note, but 2021 could be its best sports betting year yet.
After a very modest increase in November, the gross gaming revenue in New York from December sports betting had a 13.8% decrease of $360,905 to $2.3 million. November’s revenue was $2.6 million.
December in New York marked the third straight full month of operation for the four commercial casinos since they were forced to close in mid-March due to the coronavirus pandemic. All four re-opened on Sept. 9 with heavy COVID-19 protocols in place.
This year, the Empire State could see some help with the possibility of mobile sports betting.
New York Gov. Andrew Cuomo has changed his tune dramatically and now wants mobile sports betting to happen this year to generate much-needed revenue for the state. However, his plan differs from updated legislation filed in the state House and Senate in early January.
New York State Sen. Joseph P. Addabbo, Jr.-D (15th State District), chairman of the Senate Racing, Gaming And Wagering Committee, said Monday more info should be coming forth before Tuesday — the deadline for submission of the state’s executive budget to the legislature. The budget document that starts the budget negotiation process with the Senate and Assembly should offer more details from Cuomo on his sports betting proposal.
A budget needs to be approved by April 1.
Rivers Still Tops, Del Lago Close Second
Rush Street’s Rivers Casino and Resort in Schenectady retained the top spot for sports betting revenue among the four casinos with $949,804, down $98,749 from November’s $1.05 million in revenue.
The DraftKings sportsbook at the del Lago Resort and Casino in Waterloo came in a close second, with a downtick of $26,992 from November’s $949,710.
FanDuel’s sportsbook at Tioga Downs Casino in Nichols came in third with $277,301, a decrease of $69,788 from November’s $347,089. Resorts World Catskills in Monticello had the biggest drop of the four falling to $108,948, down $165,376 from November’s $274,324.
New York does not report sports betting handle.
All four casinos have been dealing with heavy COVID-19 protocols in place since re-opening in September.
Another NJ Record for Sports Betting
New Jersey topped $900 million in total sports betting handle in November, smashing its own national record set last month and nearing $1 billion for a single month.
The new monthly record is $931,620,415 as New Jersey sports betting broke its previous state and national total handle record of $803 million set in October. The $128.5 million increase was 16% better than October’s total.
The November 2020 total for New Jersey sportsbooks was a 65.6% increase over the $562.67 million in November 2019. It also surpassed $5 billion in total handle through 11 months of 2020.
New Jersey's December revenue numbers are scheduled to be released on Wednesday.
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