New York Casino Revenue Falls 2.2% in June as Online Bets Slow

Retail Casino Performance Slips Again

New York’s land-based casino sector reported $55.1 million in gross gaming revenue (GGR) for June 2025, reflecting a 2.2% year-on-year drop. This marks the third-lowest monthly total of the year, trailing only January and February.

Slot machines continued to pull steady traffic, generating $526.7 million in wagers, virtually unchanged from June 2024. Slot GGR inched up by $700,000, landing at $41.8 million. However, table games didn’t fare as well. Wagers dropped 9.1%, and the revenue followed with a sharp 16.8% decline to $11.8 million. Poker added $862,000 in GGR, while in-person sports betting at retail sportsbooks generated just $677,400 in revenue from $3.8 million in bets.

In total, retail casinos contributed $13.9 million in taxes to the state, producing $41.3 million in net revenue, a 3% decrease from the same month last year.

Online Sportsbooks See Mixed Results

Online sportsbook operators processed a combined betting volume of $1.6 billion in June, the lowest monthly figure since August 2024. Still, compared to June 2024, that volume was up 12%, showing that year-on-year growth remains intact even amid seasonal slowdowns. Despite fewer bets placed, sportsbook operators saw improved profits. Online GGR reached $206.5 million, up 54.2% year-on-year, thanks to more substantial margins.

FanDuel led the field with $86.3 million in GGR from $563.7 million in wagers. DraftKings handled more action at $607 million but generated less revenue at $69.8 million. Fanatics followed with $17.3 million, while Caesars reported $13.8 million.

Platform Revenue and State Contributions Hold Steady

Gaming platforms earned $101.2 million in June, while $105.3 million was directed to the state’s education fund. These figures help balance out some of the retail shortfall, reinforcing the growing role of online betting in the overall revenue picture.

May’s Record Now Feels Distant

The June numbers come just one month after New York set a record in May with $248.9 million in online GGR. That month also saw $2.21 billion in digital wagering volume, nearly 40% more than in June.

Retail casino revenue also cooled compared to May’s total of $176.4 million, when nearly every property reported annual growth. In contrast, June showed signs of stagnation across both land-based and online gambling sites.

Market Outlook: Slower Summer, Regulatory Questions

FanDuel’s recent office opening in New York City’s Flatiron District reflects confidence in the long-term market, but the short-term picture is more cautious. Industry analysts are watching closely to see whether sportsbook profits can remain strong through Q3. Lawmakers are still reviewing potential changes to deposit limits, as well as a proposed ban on sweepstakes casinos. Plans for new land-based casino developments remain under discussion.

With summer wagering typically slowing and key regulatory decisions on the horizon, the remainder of 2025 could be pivotal for shaping New York’s gaming landscape.

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