Sports Betting-In-New-York-Reaches-US13-Million-In-July

New York was unable to publish yearly comparisons for July, with casinos being closed from mid-March 2020 through September last year due to new coronavirus restrictions (Covid-19). As New York consumers are limited to retail sports betting at casinos, this meant they couldn’t place any bets until the venues reopened.

Figures released by the New York State Gaming Commission revealed a monthly decline, with revenue of $1.3 million in July the lowest monthly amount since $1.2 million in February.

Rush Street’s Rivers Casino and Resort in Schenectady maintained market number one with $541,497 in revenue for the month, ahead of del Lago Resort and Casino in Waterloo and its DraftKings sportsbook with $312,192.

New York’s sports betting license has recently attracted big names

The New York State Gaming Commission has revealed initial candidates for its mobile sports betting license.

Mobile sports betting is in the process of being regulated in New York state following the famous turnaround by Governor Andrew Cuomo during the Covid-19 pandemic.

Cuomo, who currently faces significant issues outside of sports betting, has previously opposed mobile and online activities. An undoubted increase in the state’s budget deficit during the pandemic, however, was at least one factor that changed his mind.

Senator Joseph Addabbo has been a strong supporter of mobile sports betting for some time, and was optimistic when he spoke at GI Huddle after Cuomo’s turnaround in January.

New York license applicants include operator giant Bet365, supplier Kambi and DraftKings. Several others are, therefore, candidates due to the partnership with these big companies in the sector.