{"id":334098,"date":"2026-08-31T19:52:46","date_gmt":"2026-08-31T19:52:46","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/334098\/"},"modified":"2026-08-31T19:52:46","modified_gmt":"2026-08-31T19:52:46","slug":"new-york-queens-democrats-urge-gov-hochul-to-block-72-resorts-world-tax-rate","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/334098\/","title":{"rendered":"New York: Queens Democrats urge Gov. Hochul to block 72% Resorts World tax rate"},"content":{"rendered":"

Queens Democrats are urging New York Gov. Kathy Hochul to intervene in a tax dispute that could push Resorts World New York City\u2019s slot tax rate to 72%.<\/p>\n

Ten local lawmakers sent a letter on Aug. 25 to Brian O\u2019Dwyer, chairman of the New York State Gaming Commission, and a Hochul appointee, calling for the issue to be resolved, reports the New York Post<\/a>.<\/p>\n

\u201cA 72% tax rate is excessively high,\u201d said state Sen. Joe Addabbo, chairman of the Committee on Racing, Gaming, and Wagering.\u00a0\u201cThe governor\u2019s office has to step in and resolve this issue. The Gaming Commission falls under the auspices of the governor.\u201d<\/p>\n

Resorts World New York City, owned by Genting, opened as a slots parlor in Jamaica in 2011. It received a state license this year to expand its offerings<\/a> to live table games, including baccarat, blackjack and craps.<\/p>\n

As part of its bid for a full casino license, Resorts World proposed a 56% tax rate on slot revenue, which included payments supporting the horse racing industry. The casino is currently paying that 56% rate to New York.<\/p>\n

However, the seven-member Gaming Commission, which includes five Hochul appointees, has argued that the 56% rate does not account for Resorts World\u2019s separate obligation to provide mandated funding to the horse racing industry.<\/p>\n

That additional obligation would amount to another 16% of slot revenue, bringing the combined rate to 72%. The additional payments would total about $150 million annually over the 15-year contract.<\/p>\n

The 56% tax rate already paid by Resorts World is among the highest, if not the highest, in the US. By comparison, casinos in Atlantic City, New Jersey, pay a 9.25% state tax rate. Michigan imposes a 19% tax on Detroit casinos, while Ohio\u2019s rate is 33%.<\/p>\n

The lawmakers said the\u00a0dispute requires \u201cimmediate resolution,\u201d with a decision expected soon.\u00a0<\/p>\n

\u201cThe uncertainty now threatens not simply one company, but billions of dollars in private investment, thousands of jobs, local businesses, and the communities we represent,\u201d the letter stated.<\/p>\n

The lawmakers called for Resorts World to pay the 56% slot gaming tax rate it offered while maintaining the horse racing industry\u2019s full support under state law.<\/p>\n

The letter also said accountability should apply to both casino applicants and the state.\u00a0\u201cApplicants must be held to the financial, employment, investment, and community commitments they make to New York,\u201d it stated. \u201cAt the same time, the State should administer those commitments according to the framework upon which they were offered and evaluated.\u201d<\/p>\n

The letter was signed by Addabbo; Rep. Gregory Meeks, chairman of the Queens Democratic Party; state Sens. Leroy Comrie and James Sanders; Assembly members Alicia Hyndman, Stacey Pheffer Amato and Kahleel Andersson; and City Council members Nantasha Williams, Ty Hankerson and Selvena Brooks-Powers.<\/p>\n

The lawmakers also warned that the tax dispute could affect Resorts World\u2019s planned $4 billion casino and entertainment expansion. The project is expected to support union construction employment, thousands of permanent jobs, and opportunities for local and minority contractors.<\/p>\n","protected":false},"excerpt":{"rendered":"Queens Democrats are urging New York Gov. Kathy Hochul to intervene in a tax dispute that could push…\n","protected":false},"author":2,"featured_media":334099,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[9,24,63,122,124,123],"class_list":["post-334098","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/334098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=334098"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/334098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/334099"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=334098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=334098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=334098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}