Sports betting revenue increases in New York

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August had the particularity of featuring the launch of sports betting operations at two casinos.

New York has reported that its sports betting market increased its revenues, driven by the launch of operations at del Lago.

US.- Sports betting is currently one of the gambling verticals with the biggest potential in the United States. New York’s four commercial casinos reported US$783k in revenue in August, which represents a significant increase from the previous month.

August had the particularity of featuring the launch of sports betting operations at del Lago Resort & Casino and Resorts World Catskills. The New York State Gaming Commission said that market revenue more than doubled in August when compared to the previous month.

Last month also included the first full month of operations of Schenectady-based Rivers Casino, as well as Tioga Downs’ sportsbook powered by FanDuel.

August’s activity was led by Rivers Casino, which increased its revenue by 51.3% from the previous month to US$445k. Tioga Downs posted a 59% increase from July to US$87.7k during last month’s operations.

New York’s Akwesasne Mohawk Casino to launch sports betting

The St. Regis Mohawk Tribe-operated Akwesasne Mohawk Casino Resort, announced the launch of its sportsbook. They announced a new partnership with “global iGaming leader, The Stars Group,” to enter the market.

“The alliance will support AMCR’s introduction of retail sports betting to the North Country Region. It’s a milestone for AMCR as New York State moves toward regulated sports wagering,” they revealed.

The Stars Group also gets an option to operate and brand real-money online sports betting, poker and casinos. It is a “first-skin basis,” which allows them to operate subject to license availability, state law and regulatory approvals.

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