A provision in Resorts World New York City’s application to the state for a commercial gaming license seeks to ensure that the proposed Ozone Park development would pay the same tax rate as other downstate casinos once competitors come online, appearing to contradict earlier reports that it had petitioned the state to lower its tax rates after submitting the application.
Resorts World, one of three bids proposals vying for a downstate gaming license, proposed tax rates of 56% on slot machines and 30% on table games when it submitted a supplemental application to the state in October.
Those rates far exceed the state-mandated minimums of 25% for slot machines and 10% for table games, with rival bids at Metropolitan Park in Flushing and Bally’s in the Bronx proposing tax rates of 10% on table games.
