Resorts World NYC has logged six months of operations as a full commercial casino with stable weekly gross gaming revenue around $30 million. From early May through early November, weekly GGR ranged between $27 million and $32 million, despite significant expansion of gaming capacity. Slot count rose from 2,500 to nearly 4,000 units, and table count increased from 240 to 350, with plans to reach 6,000 slots and 800 tables.
The revenue stagnation amid aggressive expansion presents challenges. Average win per unit per day on slots fell from $1,505 in the first week to around $700, while promotional credits climbed from $700,000 weekly to over $1.7 million. Slot GGR has remained within a tight $19 million to $22 million weekly band. Table revenue has not grown meaningfully with the additional units — in mid-October, the property generated $12.2 million in table GGR with 242 tables, then fell below $10.5 million in each of the following two weeks despite having 301 and 345 tables respectively.
Resorts World projected annual GGR of $2.7 billion to $3 billion by 2031 when all three downstate licensees are operating. The state's Gaming Facility Location Board said those estimates 'significantly exceeded' competing bids and internal analysis, citing inflated assumptions about tourism and high-end play. Current annual GGR pace stands at $1.5 billion. The casino pays 56% tax on slots and 30% on tables, compared to 25% and 10% for Hard Rock Metropolitan Park and 30% and 10% for Bally's Bronx, both slated to open in 2030. The $5.5 billion project depends on future operating cash flow and debt financing; the licensing board flagged risk of funding shortfalls if performance lags projections.
Resorts World disputes the state's interpretation that its 56% slot levy excludes horse racing obligations of $150 million or more annually. The casino argues the rate includes racing support; the state contends they are separate items. Adding racing costs individually would push the effective rate above 70%, Resorts World said. State lawmakers passed a stop-gap measure over the summer to maintain racing payments while the dispute remains unresolved.
