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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

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

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(Cartagena de Indias, SoloAzar Exclusive).- In an exclusive interview with Patricio Molloy, Business Development Latam at WA.Technology, we delve into the latest offerings showcased by this leading gaming solutions supplier firm at the GAT Expo Cartagena 2024. From a comprehensive iGaming platform to cutting-edge AI integration, discover how this company is shaping the future of gaming experiences in Latin America and beyond.

Monday 06 May 2024 / 12:00

Unmissable Round Table with experts on eSports at GAT

(Cartagena, SoloAzar Exclusive) eSports continue to grow in the Latin American gaming market. In this conference that was part of the GAT edition, a panel of specialists analyzes the present and future of eSports in the region and provides data on how to promote this growing area of ​​the betting market.

Monday 06 May 2024 / 12:00

Repercussions of FECOLJUEGOS panel on challenges and the future of industry in Latin America in GAT 2024

(Cartagena, SoloAzar Exclusive).- Evert Montero Cárdenas, President of Fecoljuegos, and four member panelists from the institution, analyzed the challenges facing gambling operators in Latin America, within recent GAT 2024 event.

Friday 03 May 2024 / 12:00

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