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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

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GAT Expo CDMX 2025

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(Mexico City, SoloAzar Exclusive).- During its participation in GAT Mexico 2025, Air Dice made clear its commitment to the Mexican and Latin American markets. Rocío Moitino, Regional Sales Director, shared her vision of the company's achievements, the challenges of the sector, and the strategies that consolidate the company as a benchmark in innovation and creativity. Below is a summary of its main definitions.

Friday 12 Sep 2025 / 12:00

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Prometeo Strengthens Its Presence at GAT Mexico 2025 with a Vision of Technological Expansion

(Mexico City, SoloAzar Exclusive).- Jorge Rojas, CEO of Prometeo IT Solutions, highlighted the success of the company's participation in the trade show and projects a future of sustained growth in Mexico and Latin America.

Wednesday 10 Sep 2025 / 12:00

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