Resorts World Calls for Unified Tax Rates in Casino Bidding Race

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Resorts World New York City redevelopment plan as it calls for unified tax rates

Image: Resort World NYC Expansion Plan

Resorts World New York City has asked New York regulators to adopt a uniform tax regime for downstate casinos once competitors begin operations, framing the request as a measure to preserve a level playing field for nearby operators.

Key Takeaways:

  • Resorts World New York City requests a uniform tax regime for downstate casinos to ensure fair competition.
  • The proposed higher tax rates are conditional on the absence of nearby competitors.
  • Industry and local leaders are closely watching regulatory decisions that could shape the future of NYC gaming.

Resorts World Seeks Clarity on Competitive Tax Rates

As reported by Yogonet, RWNYC’s October supplemental application proposes paying 56% on slot machines and 30% on table games, well above statutory minimums of 25% and 10%, but it conditions those higher payments on the absence of competing casinos nearby. 

“If other Downstate Licensees open with lower tax rates on slots or tables, RWNYC’s tax rate should also be lowered because all proposed sites are close together and the same tax rate should apply to maintain a level playing field and avoid cannibalization,” the company said.

Regulatory Review Gains Momentum as Bidders Advance

The three downstate bidders, Resorts World, Bally’s Bronx and Metropolitan Park, cleared a key step when the New York State Gaming Facility Location Board advanced them this month to the New York State Gaming Commission, which is expected to decide on licensing approval by year‑end; all applicants submitted additional financial disclosures by the October deadline. The downstate race is also intensifying regional competitive pressures, as nearby markets brace for the economic impact of a full-scale NYC casino development.

Industry and municipal analyses highlight large upfront fees and ongoing taxes that would fund transit and education, while the NYC Independent Budget Office has examined projected jobs and fiscal impacts. Local business leaders have publicly backed Resorts World’s role in Queens as a major taxpayer and economic partner. The company has also detailed a sweeping $5.5 billion redevelopment vision for its Queens site, outlined to its Community Advisory Committee, underscoring that its tax rate proposal is part of a much wider long-term growth plan.