Del Lago Casino predicted first-year tax revenues between $59 million and $74.6 million, while Rivers Casino predicted between $69 million and $86 million, according to Gaming Commission records.
"The variance with projections doesn't bother me that much," the governor Andrew Cuomo said. "They have all been widely successful in creating jobs and building beautiful complexes."
Tioga Downs, which opened in December, has generated $46.3 million in gross gaming revenue — of which $15.3 million went to state and local governments — through July. The figures are about 35% less than Gural projected.
“The reality is that it is a saturated market upstate,” said Jeff Gural, owner of the Tioga Downs Casino near Binghamton. “Everybody is competing for the same customer.”
