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New York casinos generate $349,468 from sports betting launch

News

The first 16 days of legal wagering in New York have seen revenue of $349,468 generated across two licensed venues. 

With Rush Street Gaming’s Schenectady-based Rivers Casino & Resort launching in-person wagering on 16 July, the operator was responsible for the vast majority of revenue accounting for $294,249 of the total. 

Tioga Downs Casino, which has selected FanDuel as its sports betting partner, soft launched its sportsbook a day later, on 17 July, ahead of an official launch on 19 July. Despite launching so soon after Rivers, it only brought in revenue of $55,219 to 31 July. 

From 1 August, the number of casinos offering sports betting has already doubled, following the launch of wagering at the Oneida Nation’s Turning Stone Resort and Casino and Point Place Casino. Through the tribal operator’s partnership with Caesars Entertainment, each hosts a Caesars-branded sports lounge. 

The market is likely to grow further in the coming months, with the launch of sports betting at the del Lago Resort & Casino in the Finger Lakes, in partnership with DraftKings. Construction on the venue’s sportsbook began in May, with an opening date originally expected in late July or early August. 

Empire Resorts’ Resorts World Catskills, meanwhile, is working towards the launch of a bet365-powered sportsbook. No date has been set for the venue’s launch. 

New York’s move into sports betting was paved by an amendment to a 2013 bill that allowed additional commercial casinos to be established in the upstate region. However efforts to allow casinos to offer mobile wagering failed in the state’s 2019 legislative session, which ended with a bill from Senator Joseph Addabbo failing to make it through the state Assembly.