Resorts World estimates that it will generate $2.5 billion for MTA by 2030 - QNS

"Resorts World has estimated that it will send $2.5 billion to the MTA over the next four years if it is awarded one of the coveted downstate gaming licenses by the state in December. Resorts World, which has operated a racino in South Ozone Park for the last 14 years, offering electronic gambling machines but no live table games, has long been considered one of the frontrunners to receive one of up to three downstate gaming licenses on offer from the New York State Gaming Facility Location Board."

"The Resorts World team said the casino would be operational four years before either Metropolitan Park or Bally's opened their doors, stating that the casino would generate roughly $2.5 billion in revenue for the MTA in that four-year period. The bid has committed $600 million to its license fee - $100 million more than is required by the state - with 100% of that fee going toward the city's transit agency. Both Metropolitan Park and the Bally's would also pay a $500 million license fee if they were awarded a license, which would also go toward the MTA."

Resorts World projects $2.5 billion in MTA revenue over the next four years if awarded a downstate gaming license. Resorts World operates a racino in South Ozone Park with electronic gambling machines and no live table games and is one of three remaining bids alongside Metropolitan Park and a Bally's Bronx project. Resorts World proposes it could begin operations by March next year, potentially opening four years before the other greenfield proposals. The bid commits a $600 million license fee fully allocated to the city's transit agency and anticipates an additional $1.9 billion in tax revenue for the MTA between 2026 and 2030. Gaming tax revenue will be split roughly evenly between education and transit.

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