Resorts World New York City projected to contribute $2.5bn to MTA over four years
The estimated payout would exceed the budgeted MTA contributions of $1.8bn, which stems from three casinos licenses set to be issued by December 1 and tax payments from 2026-2029.
Resorts World New York City has released new projections which forecast contributions of $2.5bn to the state’s Metropolitan Transportation Authority (MTA) over the next four years, should the operator be selected by the New York Gaming Facility Location Board for one of three casino licenses issued by December 1.
“This is not just a casino expansion. It’s a transformative economic development project that will keep New York City moving in every way,” Genting Americas East President Robert DeSalvio said.
“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.”
The contributions consist of an upfront license fee of $600m, as well as $1.9bn in tax payments to the MTA through 2029. The figure would exceed the budgeted MTA contributions of $1.8bn, made possible due to Resorts World New York City having the ability to be operational by March 2026, should it be granted one of the state’s commercial casino licenses.
Due to the withdrawal of MGM Yonkers’ bid for a commercial casino license, Resorts World New York City would represent the only operating commercial casino in Downstate New York.
The MTA’s budget from casinos are currently set for $500m in 2026, $500m in 2027, $600m in 2028 and $200m in 2029. Resorts World New York City also stated it projects to contribute $2bn to the state’s public education system and $500m to the New York Racing Association.
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