NY sportsbooks experience setback in October
The sports betting market in New York experienced a 4.4% decline in October when compared to the previous month.
US.- The sports betting industry in the US has been in constant growth since May 2018, when the segment was legalised on a federal level. While multiple states are still deciding their regulations, others like New York are already operating. The Empire State kicked its operations in July, but during October it experienced a 4.4% revenue decline.
The New York State Gaming Commission (NYSGC) has revealed that the sportsbooks in the state generated US$2.2 million in October. This figure represents a 4.4% decline when compared to the US$2.3 million that the sportsbooks generated in September.
The sports betting market launched in New York in July, and since then the sportsbooks have generated a combined total of US$5.7 million. It’s unclear how much sports betting handle the state has registered since July, as the NYSGC doesn’t report those figures.
Rivers Casino & Resort Schenectady was once again the leading operator as it generated over US$1 million in revenue in October. DraftKings Sportsbook at del Lago Resort and Casino generated US$527k, but it’s a sharp decline when compared to the US$836k that it had generated in September.
Moreover, the sportsbook at Resorts World Catskills totalled US$506k in revenue, higher than the US$381k generated in September. The FanDuel Sportsbook at Tioga Downs generated US$152k in October, representing a 6% setback from the US$161k in September.
