2023 Remains On Pace For Record-Setting Year, But Downstate Additions Would Shatter It

Written By Grant Lucas on September 12, 2023

In 2022, retails casinos in New York enjoyed the industry’s best year ever.

2023 is on pace to top it.

With $59.2 million in gross gaming revenue in August, the four upstate NY casinos could challenge for the state’s first $700 million calendar year.

NY casinos hitting stride 7 years in

Nearly seven years after the first upstate commercial casino opened, the New York industry has apparently found a groove.

Last year, the four gambling facilities combined for just over $690.5 million in gross gaming revenue (GGR).

It marked a year-over-year jump of nearly $100 million and reprsented about 20% of lifetime revenue since NY casinos opened in late 2016.

So far, it seems as if 2023 will top its predecessor, with $455.05 million in GGR through August – albeit by a slight $2 million edge over 2022.

YearGross Gaming Revenue
*Shortened by COVID-19

Examining upstate NY casinos in August

Overall, New York casinos put together their highest revenue month since March, yet the total represented a 2.2% decrease year-over-year.

Among the four properties, only Resorts World Catskills saw an annual increase. In fact, Resorts enjoyed its best month since November 2022 with a total of $19.6 million.

Rivers Casino Schenectady also saw its best month since March at $17.6 million.

On the flip side, Tioga Downs had its second-lowest revenue total in 2023.

CasinoTotal GGRSlotsTable GamesPokerSports BettingTotal Tax
Resorts World$19,583,336$9,171,006$9,839,709$386,077$186,544$3,792,535
Del Lago$13,245,642$10,350,755$2,485,793$200,707$208,387$3,394,715
Tioga Downs$8,737,026$7,736,805 893$837,168$41,725$121,328$2,962,640

Downstate NY casino licensing finally making progress

The NY casino industry, almost seven years old, now has several lifetime milestones in sight, including $4 billion in total GGR and $1 billion in state tax revenue.

While the upstate casinos will hit those landmarks on their own, the next wave of benchmarks will be reached quicker. After all, the state has finally made progress in the downstate licensing process.

According to a 2021 study from Spectrum Gaming Group, state gaming tax revenue from downstate NY gambling facilities would range from $1.4 billion to $1.7 billion in 2025.

Incremental tax revenues to the state by adding New York City-area casinos could reach $842 million. For perspective, through August, the four upstate casinos have generated just over $970 million in state tax revenue since December 2016.

Photo by PlayNY
Grant Lucas Avatar
Written by
Grant Lucas

Grant Lucas is the managing editor for PlayNY. A longtime, award-winning sports writer, Grant has covered gambling and legal sports betting since 2018, when he got his start reporting on the New Jersey and Pennsylvania industries. He now oversees PlayNY as New York expands legalized gambling to sports betting and online casino gaming.

View all posts by Grant Lucas
Privacy Policy