Analysts assess New York betting trends and Wynn casino proposal
Analysts cited New York Gaming Commission figures showing online sports betting gross revenue up 22% and handle up 28% quarter to date through the first eight weeks of Q3 2024. Separately, a Jefferies analyst discussed Wynn’s proposed Hudson Yards casino, which the report said would involve a projected $12 billion joint venture and remains a proposal in an ongoing state licensing process.
The figures inform operators’ view of New York betting performance, while Wynn’s proposal remains subject to licensing and opposition.