Sports betting revenue in New York goes down

Sports betting revenue in New York goes down

Sports betting in New York was a major hit but slacked in the last few weeks.

The Rivers Casino & Resort revealed its sports betting operation in New York generated way less revenue in the last weeks than in its first two.

US.- Sports betting arrived in New York recently and the boom generated lots of money in revenue. However, the Rivers Casino & Resort in Schenectady showed its performance has slowed down recently.

The New York venue revealed sports betting revenue of nearly US$169k during its first week. The one after that was down to US$91.5k and the next one bottomed at US$25.3k. The last week with information available (ending August 11), was up but not that much, to US$74.2k.

Nonetheless, total gross revenue remains in the same parameters. It varied between US$3.41 and US$3.48 million in the same four weeks.

“We’re very happy to be able to offer our guests the ability to place legal sports wagers,” a spokesman said. “Even with no real major sporting events, we are seeing new guests visit the property each day.”

“With the NFL season opener just around the corner, there will be even greater interest and action at the Rivers Sportsbook and we look forward to making sure they have the best guest experience possible,” said the Rivers spokesman.

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