Allen Khatchatrian (@allenkhatch) header
Allen Khatchatrian (@allenkhatch) profile picture

Gaming PE @ ELM | Ex-Rothschild M&A | MGP employee #4 → $17B exit. Founded https://teapaw.org/t.co/Nfdtn8t1zt

Los Angeles, CA
Joined January 2026
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New Jersey's internet gaming win rose 13.0% in September 2026 on September 2025, while online sportsbook gross revenue fell 18.8%. iGaming win was $275m. Online sportsbook revenue was $72.9m, the lowest for a September since 2021. $DKNG $FLUT $MGM $CZR
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Two of Illinois' 17 casinos produced just over half of its $20.1m casino gain in September 2026. Hollywood Casino Aurora, in a new land-based casino since June 2026, added $6.4m and Wind Creek Chicago Southland $4.0m. Adjusted gross receipts rose 12.7% on September 2025. $PENN
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Of the seven state series outside Nevada that run back to 2004 or earlier in GGR Data's records, three were lower in 2025 than in 2019 in nominal dollars: Detroit (−13.0%), Connecticut slots (−10.9%) and Rhode Island casinos (−0.6%). New York's VGMs and casinos were up 16.3%.
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Resorts World Casino New York City's reporting line took $690.7m in VGM net win in 2025, within $1.0m of the $691.7m in gross gaming revenue at New York's four upstate commercial casinos. A separately reported Nassau OTB line at Resorts World is excluded.
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New Jersey's internet gaming win was $2.91bn in 2025, more than the $2.89bn won by Atlantic City's nine casinos, the first calendar year iGaming came out ahead in a series back to 2015. Its share of casino, iGaming and sports wagering revenue rose from 5.8% in 2015 to 41.7%.
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Nevada's nominal gaming win was $15.8bn in 2025, the highest calendar-year total in the record back to 2004. The Strip's $8.82bn was below its 2023 high of $8.90bn. Nevada's other 20 reporting areas won $6.98bn, a new high for the fifth year in a row.
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Allen Khatchatrian retweeted
For those who like the data posts - I'm putting my gaming data posts in one place, each with its chart and the regulator it comes from, so they're easy to find later: ggrdata.com/notes/
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For those who like the data posts - I'm putting my gaming data posts in one place, each with its chart and the regulator it comes from, so they're easy to find later: ggrdata.com/notes/
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New Jersey's online sports handle fell year over year in 12 straight months, May 2022 to April 2023, its longest such run in a series starting January 2021. New York's mobile market opened in January 2022, when New Jersey's handle was up 36.4%. The figures show timing, not cause.
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Nevada casinos had 42.4% fewer penny slot machines in August 2026 than three years earlier, 25,838 against 44,835. Machines the Control Board counts as multi-denomination rose 35.3%, to 91,906. The total slot count barely moved, from 124,942 to 126,055. #casinos $LNW $IGT
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MGM Grand Detroit took 47.8% of the adjusted revenue of Detroit's three casinos in 2025, its highest share in any year since 2001. 2001 was the first full year all three were open. In 2002 its share was 35.1%, below MotorCity's. $MGM
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Mississippi's casinos won $268m in July 2007, their highest nominal month of gross gaming revenue in January 1994–August 2026, under two years after the Gulf Coast reported zero revenue for three months after Katrina.
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That peak was due to construction jobs in rebuilding after Katrina I believe
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Baccarat has out-won blackjack at the Strip's top-revenue casinos in every complete reporting year from 2009 to 2025 (2020 is incomplete), $1.40bn to $868m in 2025. The group is the Control Board's $72m-and-over revenue range, whose members can change.
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New York's VGM net win and commercial casino gross gaming revenue totalled $3.18bn in 2025, the highest nominal calendar-year total in a series back to 2004. VGMs took $2.48bn and the four commercial casinos $692m. Tribal casinos are not included.
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Detroit's three casinos paid 35.0% less state wagering tax in 2025 than in 2006. Their nominal total adjusted revenue was 2.9% lower. The tax was 8.1% of revenue in 2025 and 12.1% in 2006, or $102m against $158m.
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Bally's Chicago's slot machines won 20.9% more in August 2026 than in August 2025. Its table games won 2.3% more. The slots' $8.6m of adjusted gross receipts was their highest month since the casino began reporting in September 2023. $BALY
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For each of the 12 calendar months, Nevada's highest nominal gaming win since 2004 came in July 2023 or later. Five of those highs were in 2026: March, April, May, June and August. March 2026 led them at $1.43bn, 5.3% above the March 2022 high.
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Pennsylvania's online casinos came within $7.0m of the state's casino floors in September 2026, the closest since December 2025. iGaming revenue was $249m, up 6.8% on September 2025; retail slots and table games took $256m, down 3.2%. $DKNG $FLUT $PENN
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In seven of 22 markets, December 2024 was the month online sportsbooks kept the smallest share of bets between January 2023 and August 2026. Rhode Island's books held 3.0% of handle and Wyoming's 3.3%. The 22 include DC; each market's first three months are left out.
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