Last Updated on 2025-07-14 by igamingdirect
New York Casino Revenue Falls in June 2025 as Mobile Sports Betting Sets New Records
New York’s traditional casino industry saw a dip in revenue for June 2025, while online sports betting and iGaming platforms continued their upward trajectory, highlighting a growing shift in consumer gambling habits across the Empire State.
According to the latest figures released by the New York State Gaming Commission, revenue from the state’s four commercial casinos, Resorts World Catskills, Rivers Casino Schenectady, del Lago Resort & Casino, and Tioga Downs, fell by approximately 4.8% compared to May, totaling around $58.2 million for June. Slot machine revenue, typically the most consistent performer, showed the steepest drop, with a month-over-month decline of nearly 6%.
Meanwhile, online sports betting platforms such as FanDuel, DraftKings, BetMGM, and Caesars continued to thrive. Combined, these operators pulled in over $175 million in gross gaming revenue (GGR) for June marking a 10% increase from the previous month. The surge is partly attributed to the NBA Finals and early-season MLB betting interest.
A Shift in Consumer Gambling Behavior
Experts say the divergence between brick-and-mortar and digital gambling revenue reflects a broader trend accelerated by post-pandemic convenience culture.
“Mobile betting is not just a trend anymore, it’s the norm,” said Alicia Gordon, a gaming analyst at BetData Insights. “The convenience of placing a wager from your couch is simply more appealing to younger audiences than driving hours to a physical casino.”
While casinos still offer attractions like live entertainment, dining, and table games, many of their core gamblers are opting for digital alternatives that allow for instant action and frequent promotions.
New York Retail Casinos in Decline
- June GGR (gross gaming revenue) across New York’s four commercial casinos dropped to $55.1 million, a 2.2% decrease year-over-year ranking among the lowest monthly figures so far in 2025
- Slot machines remain their strongest revenue source: June wagers totaled $526.7 million, generating $41.8 million in GGR. This is up slightly by $700k YOY
- Table games saw a substantial decline: revenue fell 16.8% to $11.8 million, with wagers also down 9.1%, settling at $69.4 million
Overall, casinos paid $13.9 million in gaming taxes to Albany, with net revenue for operations falling 3%, totaling $41.3 million
Key drivers:
- Seasonal slowdown typical of summer months.
- Consumers opting for more convenient mobile options over traditional casino visits.
Online Betting in NY: A Surge in Mobile & Digital Action
- While mobile sports betting handle hit $1.65 billion in June, it was the lowest monthly total in 10 months. However, it was still 12% higher than June of last year.
- Mobile GGR climbed to $206.5 million, marking a staggering 54–65% YOY increase, depending on source.
- June’s total sports betting hold rate averaged 12.52%, with FanDuel generating $86.3 million on a $563.7 million handle (15.31% hold), and DraftKings generating $69.8 million from $607 million handle (11.5% hold)
- During the 2024–25 fiscal year (April to March), New York set records: $23.94 billion in bets with $2.14 billion in GGR which was up ~22% YOY.
New York is now the nation’s leader in mobile sports betting, accounting for approximately 15% of national revenue. However, sports bettors in New York need to make sure they choose a safe sportsbook to place their bets. This is because of the many offshore sportsbooks that could trick people into illegally betting with them.
Regulatory Impact and Market Maturity
Online betting in New York launched in January 2022 and quickly became one of the nation’s largest regulated markets. Since then, tax revenue from mobile wagering has become a vital part of the state’s budget. In June alone, the state collected over $89 million in tax revenue from online betting. This is a sharp contrast to the $23 million collected from commercial casinos.
However, the 51% tax rate on mobile sports betting operators has raised concerns about long-term sustainability and operator profitability.
“While the state is benefiting now, there is a point at which operators may reduce their marketing or promotional spend, which could impact future growth,” said Gordon.
What to Expected from NY Casino Revenue in the Future
With the summer months typically slower for both retail and online gambling, the remainder of Q3 will be closely watched by analysts and stakeholders. Many eyes are also on the potential legalization of online casino gaming (iGaming), which advocates argue could help offset declines in retail casino revenues and generate hundreds of millions in additional tax revenue annually.
Another concern for the future of NY casino revenue is Trump’s Big Beautiful Bill that went in affect earlier this month. This is because under the Big Beautiful Bill, casino players are no longer able to deduct their total losses. Therefore, it could mean gamblers could shift to offshore casinos instead leading to more revenue losses for NY casinos.
For now, though, the data tells a clear story: New Yorkers are betting more than ever. However, they are doing it from their phones, not casino floors.
