New York May Retail Sports Betting Revenue Sees 20% Increase

EmpireStakes.com

By Bill Ordine

Sports betting revenue at New York’s four upstate commercial casinos rallied in May from a slump in April.

The four commercial upstate casinos in New York — Tioga Downs in Nichols, Del Lago in Waterloo, Rivers in Schenectady and Resorts World Catskills in Monticello — reported $1,590,144 in revenue for May, an increase of 20.2% from April ($1,322,623). The sports wagering in New York so far is the retail variety; there is no mobile sports betting in the state yet.

The gain in May was mostly due to a reversal at Resorts World Catskills. In May, sports wagering revenue there was $307,607 and back in April the sportsbook reported a loss of more than $7,700.

Breakdown By Casino

The four casinos stacked up like this according to the figures posted Thursday by the New York State Gaming Commission:

  • Rivers: $641,102 in May compared to $644,865 in April.
  • Del Lago: $555,855 in May compared to $620,431 in April.
  • Resorts World Catskills: $307,607 in May compared to minus-$7,747 in April
  • Tioga Downs: $85,550 in May compared to $65,074 in April.

In general, sports wagering revenue at the four commercial casinos reached highs through the football season (more than $3.5 million total in January), and has averaged less than $1.5 million February through May.

Mobile Sports Betting on the Way

Of course, the drama regarding sports wagering in New York has been over mobile sports betting. The plan there is to have a bidding process in which companies will vie for the opportunity to be one of the two main providers who will also partner with sports betting operators. The aim is for online sports betting in New York will be running by Super Bowl 2022.

The application process for potential providers in the state should begin before July 1, with a 30-day period for applications to come in and a 150-day period to select a provider.

In early June, the New York State Gaming Commission updated its question-and-answer information sheet, adding six more questions to the 92 questions over six categories it had previously posted.

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WRITTEN BY
EmpireStakes.com
Bill Ordine
Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.
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Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.
... Read More