The money will likely be a major incentive when the final license decisions are announced
The competition for New York’s downstate casino licenses is heating up as Resorts World New York City announced a $2.5 billion commitment to the Metropolitan Transportation Authority (MTA). The pledge, covering the years 2026 through 2029, would surpass the MTA’s projected $1.8 billion in casino-related revenue during that same period. The proposal is part of Resorts World’s ambitious plan to secure one of three licenses expected to be awarded later this year.
Located in South Ozone Park, Queens, the expanded casino project would transform Resorts World into New York City’s first full-scale commercial casino. The plan includes paying a $600 million licensing fee — $100 million more than the state’s minimum requirement — and generating nearly $1.9 billion in taxes over four years. Company executives say the funding would provide vital financial relief for the MTA while also supporting education and local infrastructure.
The $5.5 billion redevelopment proposal envisions a 5.6 million-square-foot resort complex built on the Aqueduct Racetrack property. The design includes a 500,000-square-foot casino floor, 6,000 slot machines, and 800 table games. Other features include 2,000 hotel rooms, more than 30 restaurants and bars, a 7,000-seat entertainment venue, and expanded parking. If approved, construction could begin in 2025, with an opening projected for early 2026.
Beyond gaming, the project is expected to deliver major economic benefits for Queens and surrounding communities. Resorts World estimates the development will create 5,000 permanent jobs and an equal number of union construction positions, with half of the hires coming from local neighborhoods. Community leaders have voiced strong support, citing the potential for job creation and infrastructure funding.
Since its opening in 2011, Resorts World has contributed nearly $5 billion to New York’s public education system and over $2 billion to the state’s racing industry. The proposed expansion marks the company’s biggest investment yet, positioning it as a frontrunner in New York’s competitive casino licensing race.
