New York Commercial Casino Revenue Drops 2.2% in June

New York Commercial Casino Revenue

New York commercial casino revenue dropped 2.2% in June, marking a decline from last year’s $56.4 million to $55.1 million. Of the four casinos, three reported increases in earnings. Rivers Casino in Schenectady led with $18.4 million, up 2.8% from the previous year’s $17.9 million. Del Lago Casino followed with $14.2 million, reflecting a 0.7% increase from $14.1 million. Tioga Downs observed a gain of 1.1%, reporting $9.1 million compared to last year’s $9 million. In contrast, Resorts World Catskills saw a significant decrease, earning $13.4 million, down 13% from $15.4 million.

Impact of New York Commercial Casino Revenue Changes

Slot and ETG revenues across the state rose by 1.7%, increasing from $41.1 million to $41.8 million. However, the gains were overshadowed by a 16.8% decline in table games revenue, which dropped from $14.2 million to $11.8 million. Poker tables also faced a slight decrease, with revenues falling 2.1% from around $881,000 to $862,000.

Growth in Retail Sports Betting

The New York State Gaming Commission included retail sports betting in casino revenues, offering a silver lining. Retail sportsbooks experienced a substantial revenue surge, growing 183.8% from $239,000 to $677,000. Across the state’s 12 facilities, net win from video gaming edged up by 0.4%, with earnings of $202.1 million from the previous $201.3 million.

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