New York casinos post meager sports betting numbers in October

But a look at the just-released New York State revenues for October show that state coming up small even in a retail vs. retail comparison.
First off, New Jersey sportsbooks achieved $37.9 mm in revenue in September (October figures are coming on Thursday) while New York shops gained just $2.2 mm last month.

But setting aside the 84% of New Jersey business wagered online, the state still easily outpaced New York in a brick-and-mortar battle.

Of the eight New Jersey (all in Atlantic City) and four New York (all 100 or more miles north of midtown Manhattan) sportsbooks, the leader by far is the FanDuel Sportsbook at the Meadowlands Racetrack, with $3.6 mm in retail revenue in September.

Ocean Casino’s Boardwalk sportsbook did $1.8 mm in revenue.

The top New York sportsbook last month, meanwhile, was Rivers Casino & Resort in Schenectady, at just over $1 mm. That’s barely ahead of Monmouth Park’s William Hill-operated sportsbook in Oceanport at the Jersey Shore for September (both fall months feature football as king, with late-season baseball also in the mix. So New Jersey, as New York did, is expected to see similar overall revenues in each month).

Borgata’s elaborate Moneyline Sportsbook — built for $10 mm – took in $756k in September. That topped New York’s runner-up last month – del Lago Resort and Casino at $572k.

Resorts World Catskills — the closest casino to New York City and thus theoretically the main option for those wishing to remain in-state — produced just $506k in revenue in October.

By all industry accounts, then, New Yorkers are bringing more revenue to the Meadowlands than they are to the Catskills.

The fourth New York sportsbook — Tioga Downs, owned by Meadowlands Racetrack operator Jeff Gural — produced just $153k last month, less than any Atlantic City book did in September.