Resorts World NYC Promises $2.5B for MTA if Granted Casino License

Resorts World New York City has unveiled new economic projections showing it could contribute more than $2.5 billion to the Metropolitan Transportation Authority (MTA) over the next four years — if it secures one of New York’s three upcoming casino licenses.

Good to Know

• Resorts World NYC plans $600M in upfront licensing fees and $1.9B in MTA tax payments.
• The operator expects to be fully operational by March 2026.
• MGM Yonkers has withdrawn its license bid, leaving Resorts World as the only active downstate casino operator.

The projections come as the New York Gaming Facility Location Board moves closer to awarding three new full-scale casino licenses by December 1.

A Project Framed as City Infrastructure Support

Genting Americas East President Robert DeSalvio said the proposal is about more than gaming revenue:

“This is not just a casino expansion. It’s a transformative economic development project that will keep New York City moving in every way. Resorts World New York City is the only bidder who can deliver a steady flow of new revenue for the MTA starting in 2026. This is a promise to the MTA and the people who rely on it that we are here to provide support.”

According to the company’s estimates, the contributions would include a $600 million upfront license fee and $1.9 billion in tax payments to the MTA through 2029 — exceeding the agency’s current forecasted contributions of $1.8 billion.

Funding Breakdown and Economic Reach

The MTA’s casino-related revenues are currently budgeted at $500 million in 2026, another $500 million in 2027, $600 million in 2028, and $200 million in 2029. Resorts World’s projection would surpass those totals, fueled by its ability to launch operations just three months after licensing.

If approved, Resorts World New York City would not only fund transit infrastructure but also channel $2 billion toward public education and $500 million to the New York Racing Association (NYRA). These commitments highlight the operator’s aim to position itself as a long-term contributor to the state’s social and economic development.

The Only Active Downstate Contender

Following MGM Yonkers’ withdrawal, Resorts World New York City stands as the sole operating casino in downstate New York. Its existing facility at Aqueduct Racetrack already employs thousands of workers and generates hundreds of millions in tax revenue annually through video lottery terminals.

The operator argues that this head start gives it a decisive advantage in delivering near-term financial returns to the state — particularly as it can begin full operations by early 2026 without the long construction delays new entrants would face.

Resorts World’s plan ties directly into New York’s broader funding challenges, especially for the MTA, which continues to face post-pandemic ridership losses and financial strain. By pledging billions in tax and licensing revenue, the operator frames its bid as a solution to both urban infrastructure needs and education funding gaps.

If the state gaming board selects Resorts World, the property would become the only full-scale commercial casino operating within New York City limits — transforming its existing racino into a destination resort with expanded table games, hotel capacity, and entertainment offerings.

FAQ

What makes Resorts World New York City’s proposal different?

It’s the only bid promising immediate revenue flow to the MTA, backed by an already operational site ready to expand by 2026.

How much would the MTA receive under the plan?

The operator projects $2.5 billion in combined licensing and tax payments through 2029.

What other sectors benefit from the plan?

Public education would receive $2 billion, and the New York Racing Association $500 million.

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