New York Sportsbetting Revenue Drops in November

The state of New york's sportsbetting revenue dropped 40% in November, providing the lowest monthly total since the activity was introduced.

Revenues for the month were $1.3 million, down 40.9% from the $2.2 million generated in October. The all-time record is $2.2 million, which was set in September. The activity has been offered since July, and are available at a handful of land casinos. Online betting isn't legal yet.

Rivers Casino & Resort in Schenectady was the top spot in terms of revenues, with their book generating $549,230 for the month. Resorts World Catskills in Monticello generated $467,356, down 7.7% from the month prior.

New York could potentially have a huge market, but in order to reach their potential, the activity will have to be offered closer to larger cities, and likely offer online services.

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caWaroftheGods
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10 December 2019 - 5:39am
#1

Maybe people have their priorities in order there. With xmas coming up it sounds like most have put aside their vices in order to have some happy holidays instead.
That's what I would hope for anyways 🙂

sharpe

usbarbadosslim93
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10 December 2019 - 5:46pm
#2

Haha, I think it's more because there's only a handful of spots to bet at. I don't understand why someone would go from Manhattan to upstate when they can cross the river and bet in New Jersey in like 10 minutes. They'd be smart to fix that.

sharpe

bgsharpe
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13 December 2019 - 10:13am
#3

Quite a drop really, still NFL, NHL & NBA seasons in their prime now so must be something else slim?

Maybe Kris having a relevant point after all.

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