Revenue results are in
Gaming authorities in New York, Delaware, and Michigan have reported the states’ December and full-year gaming revenue figures.
The Empire State’s sports betting revenue for the nine months to December totalled $8.8m.”
For December, New York saw sports betting revenue increase by 211% year-on-year to $2.3m. The Empire State’s sports betting revenue for the nine months to December totaled $8.8m.
Meanwhile, Delaware saw December online gaming revenue more than double from 2019 levels to $698,477 for the period. This contributed to overall online gaming revenue of $8.4m for the full-year 2020, up 133%.
The pandemic heavily impacted Michigan’s gaming market in 2020. For the full year, Detroit’s three commercial casinos generated $639m in revenue, a significant drop of 56% from 2019. Michigan’s online sports betting and casino markets are yet to launch.
New York sports betting success
Currently, New York law permits in-person sports betting at the state’s commercial casinos. Sportsbooks first launched in July 2019. In the comparable months last year, the state’s 2020 revenue saw consistent year-on-year growth, concluding with December’s 211% increase.
According to data from the New York State Gaming Commission, Rush Street’s Rivers Casino and Resort in Schenectady saw the largest sports betting revenue figure for December. The casino generated $949,804 for the month, up 205% year-on-year. Meanwhile, coming in second, DraftKings’ sportsbook at the Del Lago Resort and Casino pulled in $922,718.
Despite the significant increase year-on-year, New York’s December sports betting revenue fell 14% from November.
Delaware online casino revenue skyrockets
All forms of gambling are currently legal in Delaware, including online sports betting and casino wagering. According to data from the Delaware Lottery, the state’s online gaming revenue saw a significant year-on-year increase last year as December revenue more than doubled. Due in part to COVID-19 lockdowns, online casino handle rose 79% for the full year.
Delaware Park and Dover Downs were the state’s two most profitable online casinos.”
The state’s bettors are able to play on three websites owned by casinos. Delaware Park and Dover Downs were the state’s two most profitable online casinos. They generated $3.2m each for the year, up 122% and 127%, respectively. Meanwhile, Harrington Raceway contributed the remaining $2m.
The state’s 2020 sports betting performance was less positive. Full-year sports betting revenue totalled $17.1m, while handle was $90.2m. This corresponds to a year-on-year decline of 13% and 33%, respectively. All sports wagering in Delaware currently takes place in-person, with the state’s mobile market not yet launched.
Detroit casinos take a hit
The coronavirus pandemic has significantly hampered casinos in Michigan because of the lack of an online market in the state.
The Michigan Gaming Control Board reported Detroit’s 2020 casino revenue on Tuesday. As total revenue fell 57% from 2019 levels, each of the city’s three commercial casinos saw revenue decline individually. MGM Grand Detroit gaming revenue fell 59% to $257.1m for the full year, while Greektown revenue declined by 58% to $140.6m. MotorCity revenue dropped 55% to $222.7m.
For sports betting, Detroit’s casinos posted total handle of $130.8m during 2020. MGM saw total sports betting revenue of $8.2m, while MotorCity and Greektown posted revenue of $6m and $4.1m, respectively.