Resorts World New York City has made one of the most ambitious bids in the state’s ongoing casino licensing process, submitting a $600 million proposal, 20% higher than the minimum requirement, to secure a full-scale 30-year casino licence. The offer is part of a $5.5 billion master plan to expand its current operations at Aqueduct Raceway into a comprehensive gaming and entertainment complex featuring new hotels, dining venues, and public attractions.
The proposal’s standout feature is its progressive tax structure, 56% on slot machines and 30% on table games more than double the baseline rates of 25% and 10% set by the New York Gaming Facility Location Board. This aggressive taxation offer underscores Resorts World’s readiness to invest significantly in the state’s long-term economic growth.
Following MGM Empire City’s withdrawal, the field now narrows to Resorts World, Hard Rock’s partnership with Steve Cohen, and Bally’s Bronx redevelopment proposal. Resorts World’s established infrastructure, operational readiness, and local community backing provide it with a considerable advantage.
According to Spectrum Gaming’s projections, Resorts World could generate between $3–4 billion annually by 2031, contributing more than $5 billion in state taxes and supporting thousands of permanent jobs. Its expansion plan is expected to open its first phase by June 2026, with full operations by 2029, positioning it as a cornerstone of New York’s gaming and tourism future.
