Racinos Edge Closer to Approval as Casino Decision Deadline Approaches – POLITICO Pro Analysis

World Casino. This decision marks a meaningful shift in the state's gaming landscape.">

September 26, 2025

Albany, New York – Proposals to transform horse racing tracks in Yonkers and Queens into full-fledged casinos have received resounding support, securing unanimous backing from state officials.The decision signifies a major progress in New York’s evolving gaming industry and promises significant economic impacts for the region.

Landmark Approval signals Gaming Shift

The green light for casino developments at Yonkers Raceway and Resorts World casino in Queens comes after months of deliberation and review.Officials cited potential revenue generation, job creation, and increased tourism as key factors influencing their decision. This move is expected to significantly alter the competitive landscape of the state’s gambling market.

The approvals build upon New York’s existing gaming framework,which already includes four upstate casinos and a growing sports betting market. The expansion to downstate locations-Yonkers and Queens-has been a long-sought goal for industry stakeholders, who anticipate a surge in economic activity.

Projected Economic Benefits

Analysts predict that the new casinos will generate hundreds of millions of dollars in annual tax revenue for the state, as well as create thousands of direct and indirect jobs. Furthermore,the infusion of capital is expected to spur investment in surrounding communities. The American Gaming Association reported in early 2025 that commercial gaming revenue across the U.S.reached a new record high, highlighting the industry’s continued growth.

Here’s a breakdown of potential impacts:

location	Estimated Annual Tax Revenue	Projected Job Creation
yonkers Raceway	$400 – $600 Million	2,500 – 3,500
Resorts World Casino (queens)	$300 – $500 million	2,000 – 3,000

Did You Know? New York State currently receives over $1 billion annually from its existing casinos and sports betting operations.

The next steps involve securing the necessary permits and licenses, and also finalizing construction plans. While a precise timeline for completion remains unclear, officials anticipate the casinos could be operational within the next two to three years.

Pro Tip: Keep an eye on local news sources for updates regarding community meetings and environmental impact assessments related to the casino projects.

The Growing Trend of Casino Expansion

The approval of these casinos in New York reflects a national trend toward expanded gaming options. several states have recently legalized or are considering legalizing casinos, driven by the potential for economic benefits and increased tax revenue. The industry is continually evolving with new technologies and entertainment offerings to attract a broader customer base. For example, Massachusetts recently saw significant revenue increases after opening its first casino in 2019, according to the Massachusetts Gaming Commission.

Frequently Asked Questions About New York’s Casino Expansion

• What is a casino? A casino is a facility that houses gambling activities, such as slot machines, table games, and other forms of wagering.
• Where are the new casinos being built? The new casinos are planned for Yonkers Raceway in Yonkers, New York, and Resorts World Casino in Queens, New York.
• How will these casinos benefit New York State? The casinos are expected to generate significant tax revenue and create thousands of jobs.
• What types of games will be offered at the new casinos? The casinos are expected to offer a wide range of games, including slot machines, table games, and potentially sports betting.
• When will the new casinos be open? Officials estimate the casinos could be operational within two to three years, pending permits and construction.
• Will this expansion lead to more problem gambling? State officials are working on expanding resources for problem gambling prevention and treatment alongside the casino expansion.

What impact do you think these new casinos will have on the local communities? And how will this expansion shape the future of gaming in New York State?

What are the key factors influencing the decision-making process regarding racino legalization in states like New York, Illinois, Pennsylvania, and Ohio?

The Shifting landscape of gaming Expansion

The debate surrounding racino legalization – facilities combining horse racing with casino gaming – is reaching a critical juncture. With a key decision deadline looming, momentum appears to be building in favor of expansion, particularly in states grappling with budget shortfalls and seeking new revenue streams. This POLITICO Pro analysis delves into the key factors driving this shift, the potential economic impacts, and the political hurdles remaining. key terms driving searches include “racino expansion,” “casino legalization,” and “gaming revenue.”

Current State of Play: Key States to Watch

Several states are actively considering or have recently debated racino proposals. Here’s a breakdown of the current situation:

* New York: Ongoing discussions regarding the awarding of three remaining casino licenses are heavily influenced by the success of existing racinos.The potential for full-scale casino conversions is a significant factor.

* Illinois: A recent push to modernize the state’s gaming laws includes provisions that could facilitate racino development, aiming to boost revenue for education funding.

* Pennsylvania: While already possessing a robust casino market,Pennsylvania is exploring options to enhance existing racino operations,potentially allowing for more table games and expanded slot offerings.

* Ohio: The success of Ohio’s racinos has prompted renewed interest in expanding gaming options, with lawmakers considering proposals to allow sports betting at thes facilities.

These states represent the forefront of the racino debate, with decisions made in these jurisdictions likely to influence national trends in gaming policy.

Economic Impacts: Revenue Projections and Job Creation

the potential economic benefits of racino expansion are substantial.Proponents highlight:

* Increased Tax Revenue: Racinos generate significant tax revenue for state and local governments,which can be allocated to essential services like education,infrastructure,and public safety. Estimates vary, but accomplished racinos often contribute hundreds of millions of dollars annually.

* Job Creation: The construction and operation of racinos create both direct and indirect employment opportunities. These range from casino staff and racing personnel to hospitality and support services.

* Stimulating the Horse Racing Industry: Racino revenue provides crucial financial support to the struggling horse racing industry, helping to preserve breeding programs, racing events, and related jobs. this is a key argument for horse racing revitalization.

* Local economic Development: Racinos can attract tourism and investment to surrounding communities, boosting local businesses and property values.

Though, critics raise concerns about potential negative economic consequences, such as increased gambling addiction and the cannibalization of revenue from existing casinos. A thorough economic impact assessment is crucial.

Political Challenges and Opposition

Despite the economic incentives, racino expansion faces significant political opposition. Key concerns include:

* competition with Existing Casinos: Casino operators often lobby against racino expansion, fearing that they will lose market share and revenue.

* Social Concerns: opponents raise concerns about the potential for increased gambling addiction and its associated social costs. Responsible gambling initiatives are often proposed as a mitigation strategy.

* Local Community Opposition: Some communities may resist the development of racinos due to concerns about traffic, noise, and potential crime.

* Tribal Gaming Compacts: In states with tribal casinos, racino expansion can raise complex legal issues related to gaming compacts and revenue sharing agreements.

Navigating these political challenges requires careful negotiation and compromise. Successful racino proposals frequently enough include provisions to address the concerns of stakeholders.

The Role of Lobbying and Campaign Finance

Lobbying efforts from both proponents and opponents of racino expansion are intense. Casino companies, racing associations, and anti-gambling groups all invest heavily in influencing policymakers. Campaign finance disclosures reveal significant contributions to state and local campaigns from these groups. Transparency in lobbying activities is essential for ensuring a fair and democratic process.

Case Study: The Impact of Racinos in West Virginia

West Virginia provides a compelling case study of the impact of racinos. The introduction of racinos in the early 2000s substantially boosted state revenue and helped to revitalize the horse racing industry. However, it also led to increased competition with existing casinos and raised concerns about gambling addiction. The West Virginia experience highlights both the potential benefits and the potential drawbacks of racino expansion. This serves as a valuable best practices example for other states.

Future Outlook: What to Expect in the Coming Months

as the decision deadline approaches, expect increased lobbying activity and intense negotiations. The outcome will likely depend on a number of factors, including:

* The financial condition of the states considering racino proposals.

* The political climate and the willingness of lawmakers to compromise.

* The level of public support for racino expansion.

* The outcome of ongoing legal challenges related to gaming compacts.

The trend towards gaming expansion appears to be gaining momentum, and racinos are likely to play an increasingly important role in the future of the gaming industry. Monitoring gaming legislation and regulatory changes will be crucial for stakeholders.