Last updated on January 15th, 2021 at 09:39 am
The New York sports betting industry leaves a lot to be desired. Most bookie tips from experts would always talk about how the New York betting market could do a lot better if they would offer more betting channels for its residents. In a sense, the state is a good example on what not to do in terms of offering sports betting. Currently, the state allows retail and online sports betting only inside the premises of licensed tribal casinos. A location that people do visit, but is a bit inconvenient to a lot of residents.
As what you can see in the best bookie software, your players can go online, or open an app, or just make a phone call to put in a bet. In New York, you can’t do that. This means that you are not allowing access to millions of residents who would be placing bets, if it were easy for them to do. Despite this lack of potential, people still do go for retail betting. However, this is also quite hard to do now due to the pandemic. Casinos and retail sportsbooks are either shut down, or now have to reduce their capacities for health and safety reasons.
New York Sports Betting in December
For December 2020, New York has a decrease in gross gaming revenue by 13.8%. From November’s revenue of $2.6 million, it drops by $360,905 to $2.3 million for December. December is only the third straight month that casinos are running since they are shut down due to the pandemic. Since online betting is the best way to get to your market nowadays, you could easily find a pay per head bookie software to help you build your own online sportsbook.
But things are not so bleak for New York. In the start of the year, Governor Andrew Cuomo is changing his tune. He is now talking about allowing online sports betting in the state. Many believe that sports betting and gambling is a great way for the state to generate revenue. This is badly needed due to the fiscal problems the state faces. Quite possibly, the legislation on sports betting in New York could be part of the budget for 2021, unless we see a bill being discussed before then. If this pushes through, 2021 will most definitely be seeing better numbers in 2021.
