New York's commercial casinos see a 2.2% decrease in earnings compared to last June
In June 2024, New York's commercial full-service casinos collectively generated a revenue of $55.1 million, according to the latest data available. This figure, however, does not provide a direct comparison to the revenue collected in June 2023.
The statewide downturn in revenue was solely due to Resorts World Catskills' performance, which reported a revenue of $13.4 million, a decrease of 13% from last year's $15.4 million. On the positive side, three of the four properties saw year-on-year gains.
Tioga Downs reported a revenue of $9.1 million, a 1.1% increase from last year's $9 million. Rivers Casino in Schenectady reported the highest revenue of $18.4 million, an increase of 2.8% from last year's $17.9 million. Del Lago also saw a slight increase, reporting a revenue of $14.2 million, up 0.7% from last year's $14.1 million.
The report includes retail sports betting in casino revenues. Retail sportsbooks posted a year-on-year increase of 183.8% to $677,000. This surge in sports betting revenue is a significant contributor to the overall casino industry in New York.
In terms of specific games, table games revenues decreased by 16.8% to $11.8 million, while poker tables revenues decreased by 2.1% to $862,000.
It's worth noting that the nationwide commercial casino slot machine and table game revenue for May 2024 was $4.45 billion, a 3.9% increase over May 2023. However, this data does not break down by state or individual casino.
Tribal casinos, which are distinct from commercial casinos, reported record revenues nationwide in fiscal year 2024, including substantial year-over-year growth. Yet, these data are on a national or state aggregate level and do not provide specific insights into New York commercial casinos.
For more detailed reports on New York commercial casinos, you may want to refer to publications by the New York State Gaming Commission. The article was written by Sam Bentham for our website.
The article reveals that while many commercial casinos in New York experienced year-on-year gains, certain casino-games such as table games saw a decrease in revenue, with a 16.8% drop to $11.8 million. Despite this, the state's commercial casinos collectively offer a variety of casino-and-gambling options, contributing to the revenue generated.
