New York sports betting in the red in February

State’s four licensed sports book operators reported losses of US$179,500 for the month.

US.- New York sports betting hit a major low in February with the state’s four licensed casino operators posting a US$179,500 loss during the month.

The Del Lago Resort and Casino and its DraftKings-operated sports book was the only casino to report positive revenues, generating $98,000 during the month.

Rivers Casino & Resort posted a US$38,000 loss, while the FanDuel operated sports book at Tioga Downs lost $94,040 during the period. Resorts World Catskills took the biggest hit, losing $145,000.

New York casinos are only permitted to offer land-based sports betting, unlike in other states where mobile betting is also allowed. In the states that have permitted mobile betting, revenues have been much higher.