New York’s newest sportsbook opened with a bet from a Pennsylvania legend.
New York’s del Lago Resort and Casino in Waterloo (about 45 minutes east of Rochester) opened its DraftKings Sportsbook last Friday. It is the fifth retail sportsbook in New York. According to Syracuse.com, the first bet was placed by Syracuse alum and Philadelphia Eagles legend Donovan McNabb.
McNabb bet on the Eagles to win the Super Bowl. That bet would pay out approximately 13-1 odds at one of Pennsylvania’s sportsbooks.
DraftKings brand spreading rapidly, including to PA
DraftKings continues to expand its sports betting footprint in the Northeast with the property at del Lago. After starting as a daily fantasy sports provider, DraftKings now has an online sportsbook in New Jersey and a retail operation at the Resorts Casino Hotel in Atlantic City.
Last December, DK partnered with Penn National to offer online sports betting at West Virginia’s Hollywood Casino in Charles Town, then started offering online betting just this week.
And this summer, the company announced its plans to enter the Pennsylvania sports betting market through a partnership with The Meadows Casino in Washington, PA. In time, DraftKings could be one of the dominant entities in Pennsylvania sports betting.
New York sports betting scene is building momentum
The del Lago sportsbook is the latest example of New York’s rapid growth in sports betting. DraftKings Sportsbook has 6,000 square feet of space with 23 self-serve betting kiosks. There are also 16 televisions featuring a combined 1,000 square feet of video screens. Del Lago joins the four other sportsbooks already open in New York including:
- Rivers Casino in Schenectady
- Tioga Downs in Nichols
- Turning Stone Resort Casino in Verona
- Point Place Casino in Bridgeport
Pennsylvania’s sports betting can coexist with NY
Although New York’s sports betting culture continues to grow, Pennsylvania’s properties can coexist with their neighbor to the north. Pennsylvania has the benefit of an earlier start in sports betting and also an entrenched online presence, which is perhaps the biggest advantage.
In New Jersey, which legalized sports betting before PA, nearly 80-percent of the state’s sportsbook handle arrives via online bets. Put simply, sports bettors prefer the ease and accessibility of online betting over the retail counterpart. Thus, a growing retail market in New York should not seriously threaten the stability of Pennsylvania’s sportsbooks.
In fact, in some ways, New York’s sportsbooks could provide benefits to PA bettors. Stronger brands could provide more enhanced products, more betting options, or perhaps even better pricing on some wagers.
There’s a lot yet to be determined, but it’s a safe bet that the betting market will continue to grow, both in Pennsylvania and beyond.