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New York Casino Revenue Rises 248% to $194.9m, but Only 40% Like for Like

Antonina TupikovaBy Antonina Tupikova · Founder, iGaming Times2 min read
Aerial view of Aqueduct Racetrack in Queens, New York, with its dirt and turf ovals, infield ponds and grandstand

The headline rise again compares five casinos with four: Resorts World New York City left the video gaming reports in April. Counted in both years, the Queens property grew 62%, and over the last two weeks of October its table count rose from 242 to 345.

  • New York's commercial casinos reported gross gaming revenue of $194.9m in October, up 248% from $56.0m, according to the New York State Gaming Commission
  • October 2025 counts four upstate casinos and October 2026 five, because Resorts World New York City moved from the video gaming reports to the casino reports in April, the same change behind September's 220% rise
  • Resorts World NYC took $134.3m, 69% of the total, against $82.8m from the two sets of video gaming machines in the same Queens building a year earlier, a rise of 62%
  • The four upstate casinos grew 8.3% to $60.6m, led by Rivers Casino and Resort in Schenectady, up 14.2%
  • Video gaming machines at the eight remaining facilities won $132.1m, down 37.1% statewide but up 3.7% at the same eight sites, while neither Bally's Bronx nor Metropolitan Park had opened

Resorts World NYC Again Accounts for Most of the 248%

The Commission's statewide commercial gaming report shows October gross gaming revenue (GGR) of $194.9m against $56.0m a year earlier, and 5.8% above September's $184.3m. Slots and electronic table games produced $135.3m and table games $58.3m, with $1.3m from poker and retail sports wagering. The report names five properties: Rivers, Tioga Downs, del Lago, Resorts World Catskills and Resorts World NYC.

Resorts World NYC, one of three downstate licensees, opened as a commercial casino on 28 April after reporting as a video gaming facility. In October 2025 the building produced net win of $57.4m from about 4,560 of its own machines and $25.4m from the 1,000 it ran for Nassau OTB, $82.8m in total. Counting the Queens machines in both years, statewide commercial revenue rose about 40%. Net win and slot GGR are both measured after free play, so the comparison is approximate.

A Late-October Table Expansion in Queens

Resorts World NYC's $134.3m comprised $89.3m from slots and electronic table games, up 4.7% on September, and $45.0m from tables, up 8.5%, on a drop of $232.9m and a hold of 19.3%. Its reports show an average of 242 tables in every month from April to September and in every week to 18 October, then an average of 301 in the week ending 25 October and 345 in the week ending 1 November. The operator kept $70.8m after $63.5m of gaming tax, of which the Commission paid $13.4m to racing beneficiaries on its behalf.

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Upstate, Rivers took $20.2m, Resorts World Catskills $15.7m, up 10.6%, and del Lago $15.0m, up 3.9%. Tioga Downs has not yet posted its own October report; the statewide total less the other four implies about $9.7m, roughly flat. At Catskills, table revenue rose 21.6% to $6.5m, but on a drop 21.0% lower at $28.1m.

The Video Gaming Side Shrank by a Third

Statewide video gaming net win was $132.1m against $210.1m, from 11,373 machines against 16,988, according to the Commission's video gaming report; the Queens machines account for all of the fall. The eight remaining sites took $132.1m against $127.3m, up 3.7%. Empire City in Yonkers led with $52.3m, up 2.5%, followed by Jake's 58 at $26.0m, down 0.3%.

Elsewhere in the Commission's October data, mobile sportsbooks set a monthly handle record.

Like for Like, New York Grew Almost a Quarter

Adding the two series together removes the reclassification: casinos and video gaming facilities took $327.0m against $266.1m, up 22.9%. Most of the $60.8m increase came from Queens, where live tables added $45.0m the building did not have a year ago, while its machine revenue rose about 8% on fewer machines. Tables are where the new money is, and a 103-table expansion in a fortnight will show fully only in November.

Upstate Revenue Rose, but Catskills Tables Show Less Play

The four upstate casinos grew 8.3% after a flat September, which counters the idea that Queens is already draining them. Resorts World Catskills, the closest to New York City, is the exception to watch: its table drop fell 11.9% year on year in September and 21.0% in October, and only a 23.0% hold lifted October's table revenue. Drop measures what players bring to the tables; hold swings. Two months is a short series, but it is the pattern that would show if Queens draws players who used to drive north.

The State Takes More From a Higher-Taxed Casino

Commercial gaming tax was $78.8m against $14.2m, while the video gaming education contribution fell $32.3m to $60.7m. Resorts World NYC pays 56% on slots and 30% on tables, the highest rates of the three downstate licensees, and the state took 47.3% of its October GGR. Bally's Bronx and Metropolitan Park will pay less when they open, diluting that share.

New York's casino market has not more than tripled; one property has changed reports and grown by about 62%. October's table expansion makes November the month to test whether Queens can fill 100 more tables without taking more from upstate.

Sources

Citations and primary documents this article references. Captured at the time of writing.

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