New York casinos generated $ 2.5 billion in revenue in 2017

New York casinos generated $ 2.5 billion in revenue in 2017

Profit from nine officially registered casinos, represented in the association of US state games, amounted to $2.5 billion in 2017.

According to the latest report from the New York Gambling Association (NYGA), nine casinos and hippodromes with slot machines in the state replenished the budget by $ 2.5 billion in 2017. VLT video lottery terminals also generated more than $1.5 billion.

The report indicates that in New York there are more than 170 video terminals (VLT), the gross income of which amounted to more than $ 1.7 billion last year. Since the introduction of electronic gambling in 2004, the association members have received more than $ 8.5 billion for development educational programs.

The president of the association, Mike Kane, said that last year was indicative of opportunities for both individual operators and the industry.

With the advent of new commercial casinos, the overall threshold for gambling revenues in New York has increased significantly, and NYGA has expanded to add new members: Rivers Casino & Resorts and Jake's 58 Casino & Hotel,” - the president added.

Recall that, unlike Mississippi, New York has not yet legalized sports betting. It is expected that this will happen in 2019. The reason for the delay was the protracted process of moving the bill.

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