New York’s Three Full Casino Licensees Project Massive Annual Revenues

(AsiaGameHub) –   A recent report indicates that New York’s three full casino licensees have the potential to achieve annual gaming revenues as high as $5.6 billion. 

Final approval for the three new licenses was granted by the New York State Gaming Commission in December. Following a competitive selection process, the sought-after licenses were awarded to Bally’s Bronx, Hard Rock Metropolitan Park in Queens, and Resorts World New York City at Aqueduct Racetrack. 

An analysis by CBRE Institutional Research suggests all three locations are poised to be highly profitable. The completion of all projects is anticipated by 2031. 

For their first full year of operation, the base-case estimate for Gross Gaming Revenue (GGR) is $4.7 billion. This would position the region as the second-largest gaming market in the United States, trailing only Las Vegas. 

CBRE stated, “The Downstate New York market is significantly under-penetrated, and there is a strong case for each of the three projects to be among the highest revenue-generating casinos across regional gaming.”

Huge Gaming Floors to Attract New York Gamblers

New York is already a leader in sports betting, with its handle hitting $26.3 billion in 2025. The state exhibits a substantial appetite for wagering, and the new casinos will offer numerous gambling opportunities for residents. 

CBRE explained, “The proposed gaming floors are massive, featuring some of the largest table game areas, if not the largest, seen in regional gaming, with over 200, 400, and 500 tables planned for Bally’s Bronx, [Hard Rock] and RWNYC, respectively.”

Upon full completion, Resorts World NYC is projected to be the largest casino in the US, equipped with 6,000 slot machines and 800 gaming tables. 

The company plans to launch the initial phase of the full-scale casino later this year, offering up to 4,000 slot machines and 250 table games.

“RWNYC should also benefit from having existing casino infrastructure in place and an already established customer base, as the proposed project is an expansion of the existing facility rather than a ground-up development,” CBRA stated in its report.

Other New Venues Set for 2030 Openings

The two other venues will be constructed from the ground up. Hard Rock Metropolitan Park is planned to include roughly 5,000 slot machines and 375 table games, which will incorporate 30 poker tables. Developers expect to break ground this year, aiming for an opening around 2030.

Bally’s Bronx is also scheduled for a full opening in 2030, with plans for approximately 3,500 slot machines, 210–250 table games, and 40 poker tables. 

All three casinos are situated in prime locations to draw visitors. CBRE observed, “Each location benefits from a high volume of passerby traffic, non-gaming-specific reasons to visit, and a large population base within a reasonable drive-to and/or train-to radius.”

Gaming Expected to Dominate Revenue

According to analysts, a bullish scenario projects total annual revenue reaching $7.8 billion, with gaming expected to contribute over 70% of that total. 

“This contrasts with Las Vegas, where gaming accounts for less than one-third of Strip property revenue. We do not expect Downstate New York to resemble the Vegas model – these will remain gaming-dominated properties, especially given the higher margins associated with gaming versus hotel or ancillary spending,” said CBRE. 

New York is not anticipated to experience the same declining visitor figures as Vegas. Over 65 million people visited the Big Apple last year. Resorts World will have the largest hotel capacity with about 2,000 rooms, followed by Metropolitan Park with 1,000, and Bally’s Bronx with slightly more than 500. 

As reported by Inside Asian Gaming, analysts Colin Mansfield and Connor Parks said the hotels are unlikely to compete with New York City’s already substantial cash-paying customer base and will instead be largely reserved to drive gaming demand.