The casino licenses won't be awarded until next month, but there's nothing wrong with a little last-minute lobbying.
Resorts World New York City (RWNYC) plans to contribute about $2.5 billion to the Metropolitan Transportation Authority (MTA) if it secures a gaming license in December 2025. This money includes a $600 million license fee and $1.9 billion in gaming taxes over four years. RWNYC's contribution would exceed the $1.8 billion the MTA expects to receive from all three casino licenses in the region between 2026 to 2029.
RWNYC's plan also outlines additional benefits, including $2 billion for education funding and $500 million to support horse racing in New York.
The proposed $2.5 billion contribution to the MTA would provide a significant boost to New York City's transit system, marking a major step in economic development that goes far beyond simply opening a new casino.
How Many Casino Projects Are Still in the Running in New York?
In addition to Resorts World (in Queens), the race for New York's three casino licenses in the downstate area is now down to the final four. The other three contenders include:
- Metropolitan Park, near Citi Field, backed by Steve Cohen and Hard Rock
- Bally’s Bronx, located at the old Trump Golf Links site
- MGM’s Empire City in Yonkers
Experts believe that Resorts World and MGM Empire City are likely to get two of the available licenses because they are ready to operate and face little opposition from the community. The third license might go to Metropolitan Park, which is favored due to its impressive plan and strong community backing.
When Would Resorts World New York City Begin Operating?
Because of its current operations and approved plans, Resorts World can start making money and providing benefits, like funding for the MTA, much sooner than other bidders, who would take several more years to be up and running.
RWNYC's early start estimate is based on its ability to begin full casino operations by March 2026, ahead of its competitors, who may not open until 2030.
Resorts World can launch a full casino much faster than other applicants for downstate New York licenses because it already operates a "racino" in Queens. This allows for quicker expansion compared to those building entirely new facilities.
Starting earlier, combined with offering a license fee $100 million above the state's minimum, makes RWNYC's bid financially attractive.
Currently, RWNYC is the only operating commercial casino in the area, as MGM Yonkers has exited the competition.
Resorts World plans to open its full casino by July 2026, starting construction immediately after receiving the license. In contrast, some competitors, such as the proposal near Citi Field, may not open until mid-2030, about four years later. Other contenders will also take longer due to new building requirements and regulations.
Resorts World already has key environmental approvals, which means it can begin its project quickly once the license is granted. This readiness sets it apart, as there is little risk of delays or operational issues.
