With the recent news that mobile sports betting legislation will be in New York’s fiscal year 2022 budget, a new change on the betting landscape is coming.
Until then, New York will have to look longingly at revenue figures posted by neighboring states New Jersey and Pennsylvania. March monthly figures have been released by the New York State Gaming Commission and overall it was much of the same middling numbers, even with an increase during the month.
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With the traditional February slowdown of sports betting after the one-day madness of the Super Bowl, March Madness proved to be a just a bit of an uptick for NY sportsbooks.
March gross gaming revenue in New York was $1.845 million, up about $690,000 from February’s $1.15 million. By comparison, January produced $3.57 million.
3 of 4 New York Casinos See Increase
Rivers Casino and Resort in Schenectady saw the biggest increase of the four with $821,649, up $357,986 from February’s total of $463,663.
The DraftKings Sportsbook at Del Lago Casino and Resort in Waterloo had $697,149, an increase of $321,031 from February’s $376,118.
Resorts World Catskills in Monticello reported $204,010 in March, a slight rise of $46,912 from February’s $157,098.
The FanDuel Sportsbook at Tioga Downs in Nicols posted the lowest sports betting revenue total for the month among the four commercial casinos — and was the only one with a decrease — $122,877, a $33,520 drop from February’s $156,397.
A timetable for sports betting in New York is to be implemented as follows: The application process for potential providers should begin before July 1, with a 30-day period for applications to come in and a 150-day period to select a provider.
Sports betting is expected to be operational by Super Bowl Sunday in early February 2022, but as we know when it comes to New York, anything is possible.