New York casinos are still keeping pace with last year’s record-setting performance. But September’s revenue report was a downer for three of the four commercial casinos in NY, according to state gaming regulators.
Collectively, the upstate casinos reported just under $59.6 million in gross gaming revenue (GGR) last month. The monthly revenue total for the NY casinos represents a 3.5% year-over-year decline from September 2022.
Year-to-date, the four licensed upstate NY casinos have reported $514.6 million in gross gaming revenue, just 0.01% shy of the $514.7 million through the same period last year.
How much are NY casinos on track to make in 2023?
Using the average amount of revenue per day so far in 2023, New York’s four casinos are currently on track to make $690.5 million in 2023.
In 2022, the four casino properties also combined for$690.5 million in annual gambling revenue, according to New York State Gaming Commission data.
The Empire State gambling industry has been gaining more and more attention since legal online sports betting in NY catapulted the state into the largest market in the country.
With three downstate NY casinos on the horizon and NY online casinos and online lottery becoming a possibility in the next couple of years, the state is positioning itself to be a major player.
NY casino revenue broken down by property
The four commercial casinos in NY — Tioga Downs Casino, del Lago Resort and Casino, Rivers Casino & Resort and Resorts World Catskills — are on par with other regional operators in Atlantic City, Connecticut and Pennsylvania.
Resorts World led the way among NY casinos with nearly $20 million in monthly gross gaming revenue. Compared to September 2022’s $21.4 million, last month’s results were a 6.9% decline. Rivers in Schenectady posted a shade under $16.9 million in September, a 0.5% decrease from the same month last year.
The del Lago Resort and Casino generated north of $13.5 million, but that represents a 6.9% Y-o-Y decline from the $14.5 million reported in 2022. Tioga Downs Casino’s monthly revenue went up 4.8% compared to September 2022. The upstate casino produced $9.2 million in revenue, up from $8.8 million a year earlier.
The four casinos combined to produce more than $14.5 million in gaming taxes last month, according to the NYSGC data. Since December 2016, the four operators have contributed over $984 million in gambling-related taxes to the state of New York.
| Casino | Total GGR | Slots | Table Games | Poker | Sports Betting | Total Tax |
|---|---|---|---|---|---|---|
| Resorts World Catskills | $19,979,082 | $8,874,223 | $10,464,158 | $372,966 | $267,735 | $3,772,753 |
| Rivers Schenectady | $16,869,533 | $12,613,638 | $3,404,924 | $309,677 | $541,294 | $4,209,681 |
| Del Lago | $13,526,697 | $10,597,391 | $2,402,012 | $209,746 | $317,547 | $3,472,148 |
| Tioga Downs | $9,194,418 | $7,955,440 | $1,051,893 | $41,540 | $145,545 | $3,067,411 |
| Total | $59,569,730 | $40,040,692 | $17,322,987 | $933,929 | $1,272,121 | $14,521,993 |
