Get A Grip — The Week In Sports Betting: New York Cools Off

Top stories around our network this week

New York state has been the star at the center of the commercial gaming universe for so much of the past year: Record sports betting numbers! Vegas-style casinos coming to New York City! Online casino legalization around the corner!

Well, the news of the past week slowed things down a bit, just like rush hour traffic trying to get across Manhattan. Yes, the New York sportsbooks made $108.2 million in revenue in February, which is nice, but that was their lowest take since August.

When it comes to licensing of three casinos, which is supposed to bring the state billions of dollars from associated fees, the bureaucracy is deep into the morass of reviewing hundreds of questions from interested parties before anything moves forward. It could be years before new casino revenue arrives.

As for allowing online casinos — which all of the digital operators know can be a far bigger cash cow for them than sports betting — fuhgeddaboutit it, at least for this year. The New York Senate’s prime mover of gambling-related legislation expects iCasinos to be legalized someday, but his colleagues have shown no appetite for it in early 2023.

As the biggest state with legalized sports betting and with expansion capabilities uncertain in California, Texas, and Florida, New York will continue to dominate conversations centered around how and where operators make money and how much. But there’s a little more sense of caution now about the additional growth there. and its network of sites will continue following developments there closely, as we do everywhere in the U.S., demonstrated by the past week’s stories:

How’s it goin’, Massachusetts?

Massachusetts had 8.1 million geolocation transactions during first mobile weekend

Massachusetts posts $25.7 million sports wagering handle for February

Massachusetts commission holds hearing for wagering violations, penalties unclear

These guys are born every minute

Premade same game parlays are sucker bets

All good things in time

In it for the long haul: AGA exercises patience in fight vs. offshore books

A question of who’s responsible

  
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