At some point, New York will be awarding three downstate casino licenses.
The bidding war for the three downstate casino licenses is underway. There are 11 known applicants, including some of the biggest names in gambling, such as Bally’s, Caesars, Wynn, Hard Rock and Las Vegas Sands. Some of the proposals call for billions of dollars of investment and thousands of jobs while promising community development and additional local taxes.
Any one of the three downstate NY casinos has the potential to be among the most-profitable US gambling parlors outside Nevada if the operators play their cards right. As it stands now, a couple of NY racinos are already challenging Atlantic City and Connecticut for regional supremacy — and that is without the benefit of traditional table games or slot machines.
With only three licenses available, PlayNY breaks down the odds of each known proposal receiving a license. Note that this is purely for entertainment purposes and is not based on any inside or privileged information.