MGM Yonkers Submits $2.3 Billion Casino Application in New York

The Yonkers expansion aligns with MGM Resorts’ broader push to dominate both land-based and online US casinos. With BetMGM already operating as a significant online gambling brand across several states, the addition of a full-scale casino in Yonkers strengthens the company’s integrated approach to gaming. MGM continues to invest in combining on-site entertainment with digital platforms, giving players more flexibility in how and where they play.

The $2.3 billion proposal includes plans to renovate and expand the existing facility in Yonkers, with the introduction of live dealer games, a high-limit gaming lounge, and a full BetMGM Sportsbook. The submission comes just ahead of the application deadline set by the New York Gaming Commission and the Gaming Facility Location Board.

New Features and Upgrades

If granted the licence, MGM Yonkers plans to introduce several upgrades to the site. A 5,000-seat entertainment venue is slated to host top-tier events, concerts, and local functions. The expansion also includes three full-service restaurants, improved dining areas, and a new parking structure equipped with EV charging stations and solar panels, highlighting a focus on sustainability.

Additionally, the project will introduce modern meeting spaces to accommodate conferences and local events, reinforcing Empire City’s role as a regional hub for entertainment and business.

Economic Impact and Tax Revenue

MGM estimates that the completed development will create thousands of jobs across construction, operations, and hospitality. The proposal outlines a revenue-sharing plan in which 10% of the tax proceeds would be allocated to the City of Yonkers, 5% to Westchester County, and the remaining 5% would be split between Rockland and Putnam counties.

Empire City has already contributed over $5 billion to New York State education funding since opening in 2006, including $1.6 billion since MGM’s acquisition in 2019. The new licence could significantly boost these figures with added revenue streams from table games and live sports betting.

Competitive Landscape and Timeline

The competition for the New York downstate casino licence is heating up. Alongside MGM’s Yonkers proposal, other major contenders include Genting’s Resorts World NYC in Queens and Caesars’ Times Square partnership. Wynn Resorts and Las Vegas Sands have recently withdrawn their bids, narrowing the field slightly.

To qualify, each applicant must commit at least $500 million in licence fees and another $500 million in capital investment. MGM’s existing property and operational infrastructure may give it a competitive edge, allowing for quicker implementation and faster revenue generation.

Project Timeline

If the licence is approved, MGM Yonkers expects to complete construction by mid-2029. In the meantime, the casino will continue to operate as a racino, featuring electronic gaming machines and harness racing.

Broader Strategy

The Yonkers expansion aligns with MGM Resorts’ national strategy to extend its footprint in key markets. With a focus on integrating digital and retail gambling experiences through BetMGM, the company continues to expand its presence in both land-based and online gaming.

The proposed project also reinforces MGM’s stated commitment to responsible gaming, community investment, and sustainable operations. Infrastructure upgrades, including traffic improvements and waterline enhancements, are included in the plan for Yonkers.