NY Casino Revenue Drops in June While Online Betting Shows Strong Growth
Overall Casino Revenue Sees Slight Decline in June
The New York State Gaming Commission recently reported that casinos in New York generated $55.1 million in gross gaming revenue (GGR) during June. This figure represents a modest 2.2% decrease compared to June of the previous year, making it the third-lowest month of 2025 so far, only ahead of January and February.
Performance of Retail Casinos and Tax Contributions
Slot machines remained a stable revenue source for retail casinos, with total wagers reaching $526.7 million. Gross gaming revenue from slots increased slightly by $700,000 year-over-year to $41.8 million, despite the typical seasonal downturn.
Table games experienced a downturn, with revenue dropping 16.8% to $11.8 million, and wagers in this category falling 9.1% to $69.4 million. Poker generated $862,000, while retail sports betting contributed $677,400 on a $3.8 million betting handle.
In total, retail casinos paid $13.9 million in gaming taxes to Albany in June. The net revenue for retail operations fell by 3% to $41.3 million.
Growth in Online Betting Despite Slight Handle Decline
Although physical casinos saw softer numbers, online sportsbooks continued their growth trajectory. Mobile betting operators handled $1.6 billion in bets in June, which, while the lowest monthly figure since last August, was still 12% higher than last June.
Increased win rates pushed online Gross Gaming Revenue to $206.5 million, marking a significant 54.2% increase from the previous year.
FanDuel maintained its position as the leading operator, generating $86.3 million in revenue from $563.7 million in bets. DraftKings led all operators in betting volume with $607 million but earned slightly less revenue at $69.8 million. Fanatics and Caesars completed the top four with $17.3 million and $13.8 million in revenue respectively.
Platform providers earned $101.2 million in June, and the state’s education fund received $105.3 million from online betting activities.
Seasonal Trends and Industry Developments
The decrease in June follows a record-breaking May, where online GGR hit $248.9 million and retail casinos combined revenue reached $176.4 million. Industry experts attribute the slowdown to usual seasonal patterns and reduced betting activity during summer months.
Only a small number of retail properties experienced revenue growth in June, reversing gains from the previous month.
Additionally, FanDuel celebrated over ten years in New York by opening a new office in Manhattan’s Flatiron District on June 23.
As legislative discussions continue around banning sweepstakes casinos and approving a land-based resort license, attention turns to the third quarter to see if online sportsbooks can keep up their strong performance through the summer slow period.
Future regulatory choices concerning deposit limits and market expansion may significantly influence the gaming industry’s progress in the coming months.