New York’s four commercial casinos that take retail sports bets had an interesting October.
The combined New York sports betting handle exceeded $25.56 million for the month, easily breaking the record of $17.36 million set in September. That was an increase of 47.3% in a month-over-month comparison.
But revenues fell by almost exactly the same percentage in October. The casinos combined for $1.719 million in sports wagering revenue, down 46.1% from $3.19 million in September.
New York Sports Betting, October vs. September
| Handle | Revenue | |
|---|---|---|
| October | $25.567M | $1.719M |
| September | $17.356M | $3.187M |
| Change | Up 47.3% | Down 46.1% |
All four New York sportsbooks broke their monthly handle record. Rivers Casino in Schenectady became the first of the four casinos to exceed $10 million in sports betting handle for one month (at least since the New York State Gaming Commission began reporting handle figures in April), recording $11.9 million in wagers.
That was 49.6% higher than September’s $7.96 million at Rivers.
Del Lago in Waterloo was second in October sports wagering handle at $7.49 million, followed by Resorts World Catskills in Monticello ($3.92 million) and Tioga Downs in Nichols ($2.24 million). Tioga Down had the biggest jump in handle, rising by about 79%.
The revenue figures told another story.
Rivers also topped that chart in October at $949,784, again followed by Del Lago ($503,241), Resorts World Catskills ($222,437) and just $43,152 at Tioga Downs. All four were down significantly from September.
Overall Gaming Picture
The total gross gaming revenue at the four casinos (including table games, poker tables, slots and electronic table games as well as sports betting) totaled about $60.5 million for October. That was almost identical to the $60.7 million from September.
Resorts World was the top New York gaming commercial casino in total GGR for October at $19.6 million.
New York Sports Betting Update
The time is drawing nearer for the four casinos taking sports bets to give up their exclusivity. That’s because this week, New York chose nine operators for mobile sports betting in the state.
Those sportsbooks are: Bally Bet, BetMGM New York, Caesars, DraftKings New York, WynnBET, FanDuel New York, Resorts World, Rush Street Interactive (parent of BetRivers New York and PlaySugarHouse) and PointsBet.
The state’s goal is to have online sports wagering launched by the time of this season’s Super Bowl, which is Feb. 13 in Los Angeles.
