Gambling in the USA

New York casinos create US$2.5bn revenue in 2017

Published

6 years ago

November 5, 2018

Niji Narayan

New York casinos create US$2.5bn revenue in 2017

Photo Source: rwnewyork.com

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The New York Gaming Association (NYGA) has released the latest financial report. The nine casinos and racinos in the state generated a revenue of US$2.5 billion in 2017.

According to the association’s report, the state has more than 170 video lottery terminals (VLTs) in New York, which generated more than US$1.7 billion in gross revenue last year.

Association’s president President Mike Kane said that the past year was marked by change, challenge and opportunity for both members individually and the industry as a whole. “With the advent of new commercial casinos, the total ‘pie’ of gaming dollars in New York grew in 2017, while NYGA expanded to add new members, including Rivers Casino & Resorts and Jake’s 58 Casino & Hotel,” concluded the president.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.