Resorts World New York City Welcomes Direct Horse Racing Payments As Legislation Passes

Resorts World New York City Celebrates Legislative Milestone

On June 5, 2026, Resorts World New York City, represented by spokesperson Stefan Friedman, issued a statement expressing appreciation for the recent legislative decision. This important shift allows the state gaming commission to distribute funds directly to the horse racing industry, marking a significant moment for local stakeholders.

Friedman emphasized the commitment of Resorts World throughout the bidding process, highlighting their inclusive tax rate of 56 percent on slot machine revenues. This revenue will not only benefit the Metropolitan Transportation Authority (MTA) and the State Education Fund but also directly support the horse racing industry. Moreover, the casino's 30 percent tax rate on table games will further contribute to funding these key areas, ensuring a comprehensive approach to community support.

With these updates, Friedman noted that Resorts World New York City is prepared to fulfill its promise—each beneficiary of the casino’s financial contributions will receive more funds than from any previous private entity in the history of New York. This initiative underscores the casino’s role as a significant financial supporter for education and transportation services, which are essential for New Yorkers.

Friedman also expressed enthusiasm about the future, stating that with these legislative hurdles cleared, Resorts World aims to collaborate more closely with the state government. The casino is positioned as New York's largest taxpayer and is eager to fortify this standing while contributing positively to the local economy.

This governmental shift not only reinforces the relationship between the casino and the horse racing industry but also highlights the importance of collaborative efforts in enhancing the overall economic landscape of New York City. As a result, local businesses and the community stand to benefit economically, showcasing Resorts World’s commitment to fostering a robust and supportive environment.

As they move forward, Resorts World New York City remains dedicated to maximizing contributions that benefit essential services and the welfare of both residents and visitors alike. This legislative win marks a new chapter for the casino, the horse racing industry, and the many individuals who benefit from these crucial financial resources.

In concluding his statement, Friedman affirmed Resorts World’s pledge to work alongside state authorities to create lasting impacts that will resonate through New York's diverse communities. The future holds promise as these funds are put to work, creating opportunities and ensuring continued growth for everyone involved.