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Sportsbook

New York is nation’s leader in sports betting revenue, says report

Friday 01 de March 2024 / 12:00

2 minutos de lectura

(New York).- Nevada may be the king of casinos, but no state does sports betting quite like New York. The Empire State, which legalized sports betting a decade ago and only fully launched online wagering in 2022, was the runaway U.S. leader in sports betting revenue last year, according to a report released Tuesday.

New York is nation’s leader in sports betting revenue, says report

The American Gaming Association, a trade group, said in the report that sports betting revenue in New York hit nearly $1.7 billion in 2023. New Jersey, which finished with about $1 billion in sports betting revenue, was in second place, according to the report. In casino gambling, the Las Vegas Strip remained the top commercial market last year, according to the association, raking in nearly $9 billion in revenue.

The New York City-area casino market pulled in about $1.5 billion in revenue in 2023, the report said. The market is set to soon grow with the planned introduction of three state licenses for full-scale downstate casinos.

Two licenses are expected to go to existing so-called racinos in Yonkers and southeast Queens with horse racing and digital betting; the third license may go to a brand-new outfit.

The racino in southeast Queens, Resorts World New York City, had a banner year in 2023. With more than $900 million in revenue, Resorts World New York City was America’s top-grossing commercial casino property outside Nevada in 2023, the American Gaming Association said.

State Sen. Joseph Addabbo Jr., chairman of the Racing, Gaming and Wagering Committee, described Resorts World’s performance as “incredible” given that the Queens gambling center lacks live dealers.

He said the numbers underscore that New York has much to gain when it “finally” deals out the three downstate licenses. “The potential is significant,” said Addabbo, a Queens Democrat.

All told, the U.S. commercial gambling industry grossed almost $67 billion over the calendar year, a 10% increase compared with 2022, the American Gaming Association report said.

The association said the inclusion of revenue from tribal-owned gambling centers would likely push overall U.S. gaming revenue for 2023 to about $110 billion.

Outside the Las Vegas Strip, Atlantic City accounted for the top commercial casino market by revenue last year, according to the report.

Categoría:Sportsbook

Tags: Sin tags

País: United States

Región: North America

Event

G2E - Las Vegas 2025

06 de October 2025

Korbi Carrison on 25 Years of G2E: "It’s crucial to stay ahead of trends"

(Las Vegas, SoloAzar Exclusive).- In this interview, Korbi Carrison, Event Vice President of G2E at RX USA, reflects on the success of G2E’s 25th anniversary edition in Las Vegas, sharing insights on the event’s evolution, key highlights, and what this landmark celebration means for the future of the gaming industry.

Tuesday 04 Nov 2025 / 12:00

CT Interactive on Innovation, Networking, and Market Growth at G2E 2025

(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.

Thursday 30 Oct 2025 / 12:00

Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025

(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.

Monday 27 Oct 2025 / 12:00

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