Commercial gaming revenue in New York up by 6% in February

Jenny Ortiz March 14, 2024

SiGMA news

Commercial gaming revenue in New York up by 6% in February

New York’s commercial gaming sector experienced a notable uptick, with total revenue surging by 6% to reach $55.3 million (€50.5 million) across the state’s four casinos last month.

Table gaming saw a particularly robust increase, soaring by 18% to $15.3 million (€13.9 million), while slot machine revenue also saw growth, rising by 3% to $39.1 million (€35.7 million).

However, revenue from poker experienced a slight dip, falling by 3% to $973,414 (€889,797).

Meanwhile, sports betting at these establishments incurred a gross loss of $111,775 (€102,173) despite total wagers amounting to $5.8 million (€5.3 million).

Resorts World Catskills, Rivers Casino emerge as top gainers

Both Resorts World Catskills and the Rivers Casino emerged as frontrunners in revenue, each generating $16.4 million (€14.99 million) in February.

The del Lago Casino followed closely behind with total gaming revenue of $13.1 million (€11.97 million), while Tioga Downs secured fourth place with $9.3 million (€8.9 million).

Top slot machine, table gaming performers

The Rivers Casino led in slot machine revenue with an impressive $13.7 million (€12.5 million), whereas Resorts World topped the table gaming sector with $8.8 million (€8.04 million) in revenue.

Sports betting up for del Lago Casino

Notably, the del Lago Casino stood out as the sole venue to report a sports betting gross win in February, amounting to $60,216 (€55,043).

The other three casinos all faced monthly losses from sports betting activities.

Efforts to legalise iGaming in “holding pattern”

New York State Senator Joseph Addabbo Jr. indicated at the NEXT Summit New York conference in Manhattan last week that the progression of online casino gambling legalisation in the State may hinge on the involvement of the governor.

Addabbo, speaking alongside David Rebuck, the recently retired director of New Jersey’s Division of Gaming Enforcement, expressed the challenges of passing an iGaming bill this year, stating, “It’s tough. It needs to be, in my opinion, governor-driven.”