At a pivotal moment in New York’s competitive casino license race, MGM Empire City has underscored its longstanding contribution to state taxes and its ambitious redevelopment plans that promise both economic growth and community benefits. With over $5 billion in lifetime tax contributions, the operator is making a strong case for being granted a full commercial casino license.
MGM Empire City’s Impact on New York’s Economy
Significant Tax Contributions
This historic gaming operator has demonstrated its value through consistent tax payments:
- Lifetime Tax Payments: Over $5 billion contributed to the State of New York as of early 2025.
- Post-MGM Acquisition: Since MGM acquired the property in 2019, it has directed $1.6 billion to the New York State Education Fund.
- Payroll Boost: In 2024 alone, MGM Empire City paid $90 million in payroll, doubling pre-acquisition numbers and benefiting state income taxes.
Additionally, between 2009 and 2024, the property funded $935 million in horse racing purses, with $310 million distributed since the MGM takeover. This highlights MGM’s integral role in supporting both local horse racing and broader economic activity.
Proposed Revenue Sharing Model
If MGM is granted a full commercial casino license, the revenue distribution plan will aim to maximize state and local benefits:
- 80% allocated to the New York State Education Fund.
- 10% directed to Yonkers city administration.
- 5% allocated to Westchester County.
- 5% shared between Rockland and Putnam Counties.
To safeguard education funding, a mandatory “Education Hold Harmless” provision would ensure MGM compensates for any shortfalls below the 2022 tax benchmark of $315 million annually.
Expanding Economic and Community Impact
Job Creation and Development
MGM Empire City’s proposed expansion plan includes a $2.3 billion redevelopment of its Yonkers site into a world-class destination. Key components include:
- A Las Vegas-style gaming and entertainment experience.
- State-of-the-art restaurants and a 5,000-seat entertainment venue.
- Focus on sustainable infrastructure to align with green initiatives.
This ambitious project is projected to create thousands of new jobs while bolstering regional businesses through local hiring and supplier partnerships.
Community and Leadership Support
During a public hearing in August 2025, Yonkers Mayor Mike Spano expressed strong support for MGM’s development plan, citing its potential to invigorate the region’s economy, strengthen public education funding, and increase regional entertainment options.
Conclusion: MGM’s Case for a Full Casino License
MGM Empire City has firmly established itself as one of New York’s greatest economic contributors, with direct benefits to public education and regional development. Backed by substantial tax payments, community investments, and ambitious expansion proposals, the operator’s pursuit of a full commercial casino license promises transformative growth for Yonkers, Westchester County, and beyond.
