NY Sports Betting Revenue In January Hits All-Time High

New York’s four sports betting facilities posted a state record for revenue in January 2021 with a recorded $3.570 million in GGR.
Rivers Casino and Resort brought in the most revenue with $1.429 million.
The new wave of interest in NY sports betting is fueling talks for online and mobile sportsbooks in the Empire State.

NEW YORK – The New York sports betting market has reported a record in its revenue in January 2021 with a combined $3.570 million collected from their four upstate commercial gaming facilities.

This is a significant increase year over year as January 2020 brought in $1.943 million in GGR.

People within the industry believe the surge in business not only stems from the NFL postseason action but the increased discussions about the addition of a mobile sportsbook aspect in the Empire State with new legislation currently at the forefront.

January Numbers For New York Sportsbooks

All four of New York’s sportsbooks did well for themselves with three of the four locations having their best months since the industry opened to the public in July 2019.

Rivers Casino and Resort took top billing in GGR for January with $1.429 million. The venue’s record was previously set at $1.074 million that was posted in October of last year.

The data published by the New York State Gaming Commission (NYSGC) has Del Lego Casino and Resort that houses a DraftKings sportsbook coming in second for the month in the revenue they contributed to the state with $1.27 million, topping their record high of $949,710 from November.

After that, there is Resorts World Catskills with $479,557 in revenue, solidifying their spot in third place and marking their second-best recorded figures ever as October 2019 holds the record for the establishment with $506,380.

In last place, although having the greatest month for business since they’ve opened sports wagering was Tioga Downs that saw $390,349 in GGR for January 2021. Their record was previously $347,089 which was made back in November.

These four facilities were able to post a new state record for New York sports betting revenue.

This has led to chatter happening within the market about a more favorable possibility of a mobile sportsbook expansion as lawmakers will see the boost in popularity of the pastime when considering any new laws on the floor.

The Outlook For The NY Industry

Although New York had a banner month for their sports gaming industry, they are still very much behind neighboring states like New Jersey and Pennsylvania.

Hundreds of millions of dollars are wagered monthly in these states, amounting to plenty of revenue to be had but they each have mobile sports betting options. Governor Andrew Cuomo has realized the need for mobile sportsbook applications in order to help with the $15 billion budget deficit the Coronavirus has helped create.

While Cuomo is now advocating for online sports betting in New York, his proposal differs greatly from the other proposal on the table within the New York State Assembly, which will lead to a lot of discussion on the subject for any final decisions to be made.

If January 2021’s numbers are any indication, New Yorkers are embracing gambling on sports more in their own state and that could lead to even better profits with a legal mobile sportsbook market of their own. But only time will tell if lawmakers embrace new legislation for it.

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Christina Monroe

Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.