New York gaming revenue drops slightly in October

New York gaming revenue grew 54.1 per cent year-on-year.
New York gaming revenue grew 54.1 per cent year-on-year.

The New York Gaming Commission registered gaming revenue of $60.4m for the month.

US.- The New York Gaming Commission has recorded gaming revenue figures of $60.4m for October, representing a 54.1 per cent increase year-on-year. Revenue didn’t quite reach September’s $60.7m.

With gross gaming revenue (GGR) of $19.6m, the Resorts World Catskills casino was the biggest contributor to the total. In second place came Schenectady’s Rivers Resort and Casino with $16.7m, followed by Del Lago Resort and Casino’s revenue of $15.6m, and Tioga Downs casino with $8.5m.

Statewide turnover for slots and table games increased 51 per cent year-on-year to $627.5m. Resorts World had the largest figure for both, at $155.6m and $42.9m respectively.

See also: Hard Rock considers two New York-area casinos

Sports betting revenue

Sports wagering revenue for the month came to $1.7m, a 37 per cent decrease on October 2020. The sports betting handle for the month amounted to $25.5m.

Rivers Casino and its namesake sportsbook were the best performers with revenue of $949,784. Del Lago’s DraftKings sportsbook was next with $503,241, followed by Resorts World’s with $222,437. The FanDuel-operated Tioga Downs contributed $43,152.

Mobile sports betting in New York

Last week the New York State Gaming Commission (NYGC) chose two groups, with a total of nine casino and online gaming operators, to offer mobile sports betting. The operators will pay the state a 51 per cent tax rate for 10 years.

One of the winning groups includes Bally Bet, BetMGM, DraftKings and primary applicant FanDuel. The other winning bid includes Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive, WynnBET and primary applicant Kambi.

Mobile betting was included in the state budget passed in April. The NYGC revealed the applicants for its mobile sports betting licences in August. Six bidders or groups of bidders submitted proposals.

See also: New York regulator approves nine sports betting operators

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New York Gaming Commission