New York casino revenue drops 2.2% in June as online handle dips below $2bn

Key points:

– New York casinos reported $55.1m in GGR for June 2025, down 2.2% YoY

– Online sports betting handle fell to $1.6bn, the lowest since August 2024

– Online sportsbook GGR reached $206.5m, up 54.2% from June 2024

New York’s casino industry reported $55.1m in gross gaming revenue (GGR) for June 2025, a 2.2% year-on-year decrease, according to data from the New York State Gaming Commission (NYSGC).

It marks the third-lowest monthly GGR total of the year, ahead of only January and February.

Slot machine play remained steady year-on-year, with properties taking in $526.7m in slot credits. Slot GGR increased slightly by $700,000, reaching $41.8m.

In contrast, table game performance fell sharply, with GGR declining 16.8% to $11.8m on $69.4m in wagers, down 9.1%. Poker tables added $862,000 in GGR, while retail sports betting generated $677,400 from a $3.8m handle.

Retail casinos contributed $13.9m in gaming tax to the state, generating $41.3m in net revenue for June – down 3%.

Online betting growth continues despite seasonal dip

Online sportsbook operators recorded a $1.6bn handle in June 2025, the lowest monthly figure since August 2024. Despite this, the handle was still up 12%.

Online GGR reached $206.5m – a 54.2% increase – underscoring stronger operator win rates.

FanDuel led the market with $86.3m in GGR on a $563.7m handle. DraftKings posted the highest handle at $607m but lagged in GGR, generating $69.8m.

Fanatics Betting and Gaming followed with $17.3m in GGR on a $151.7m handle, while Caesars recorded $13.8m in GGR on $152.3m wagered.

Platform providers earned $101.2m in June, with $105.3m directed to the state’s education fund.

Previous results and outlook

June’s data follows a record-setting May, when New York reported $248.9m in online GGR – the highest monthly total since the launch of mobile betting in 2022.

While May’s handle reached $2.21bn, June’s downturn reflects seasonal trends and lower wagering volumes heading into the summer.

Retail results were also softer in June compared to May’s $176.4m in combined casino revenue. That month saw all but two properties post annual growth, whereas June’s dip signals broader softness across both land-based and digital verticals.

Good to know: FanDuel officially opened its new office in New York City’s Flatiron District on 23 June, commemorating more than a decade headquartered in the state

Lawmakers continue to debate key industry issues, including a proposed ban on sweepstakes casinos and final approvals for a new land-based resort.

With the summer slowdown underway and new legislative measures still under review, operators and analysts are watching closely to see whether online sportsbooks can maintain margin growth into Q3.

Regulatory developments, including potential changes to deposit limits and casino expansion approvals, are likely to play a key role in determining the industry’s performance in the second half of 2025.