February Slows Down In New York Sports Betting

Feb Revenue NY
After a terrific January, New York casinos saw a steep drop in revenue and handle at their four locations. This was to be expected, as it is with most states due to the end of the NFL season. Given the locations of the casino are all upstate, it makes it tough for the rest of the state to commute. There have also been many that travel to New Jersey because it is closer and they offer mobile sports betting. New York is likely to push through mobile sports betting in 2021, to really capture the rest of the market.

February Roundup

Rivers Casino & Resort has been at the front of each month and has yet to finish outside of first in revenue since last September. However, they were not immune to a February dropoff in revenue. They brought in $463,000, but far short of the million mark they hit earlier. Del Lago Resort was second, bringing in $376,000, and Resorts World also struggled but continues to rely on table games for most of their revenue anyway. With each of these resorts being in upstate New York, nobody should expect massive numbers anyway, at least until mobile betting can arrive.

Mobile Betting

With the chances of mobile sports betting improving now that the detailed budget plan has been released, there might be some lingering groans from the upstate casinos if they are not allowed to get operations. A lot will depend on what regulations emerge out of Gov Cuomo and the legislator’s bills to allow mobile sports betting. If the casinos are not in line to get an operator, there could be a real disadvantage for sports betting. Locations are not ideal for most and if the pandemic continues to linger into limited occupancy, priorities would shift towards mobile.