Study shows how evolution and growth of the gaming market in New York State | amNewYork

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It's a safe bet to say that New Yorkers love to gamble.

Spectrum discovered that over the 9-year period, the VLT sites, which feature a type of electronic gambling machine, annually generated a larger total of wagered cash, the Gross Gaming Revenue , in comparison to the Indian and Commercial casinos. Which, according to estimations, resulted in VLT producing greater state revenue in 2019, where they made $956, while Commercial casinos made $188, and Indian casinos $221.

To obtain a more comprehensive understanding of all existing gaming in New York as it is today, and expanded Upstate gaming within that, Spectrum then evaluated the facilities in 2015 and 2020. During their research, Spectrum’s gaming investigators noted that as revenue grew over the 5 year window, so did the rate of employment. In alignment with their expectation, gaming labor and revenues skyrocketed by comparable percentages. In 2015, gaming revenues increased from $2.9 billion to $3.8 billion in 2020, and similarly, The total employment at New York casinos and VLT facilities has grown from about 12,000 jobs in 2015 to 15,700 jobs in 2020.

 

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