How Casinos Benefits New York Communities in 2025

Casinos are renowned for offering a variety of entertainment and activities to their visitors. However, it is less well-known that these establishments can significantly impact the local economy. Thanks to strategic investments and community-focused initiatives, the casino industry in New York has become a significant catalyst for economic and social transformation. In this article, we will explore the impact of casinos on New York’s local economy.

Economic Growth and Job Creation

Casinos have always been big contributors to New York’s economy and the job market. From manufacturing to hospitality to construction, casinos create employment opportunities for thousands of people. The New York Gaming Association reports that the gaming sector contributes approximately $3.4 billion annually to the state’s economy, supporting over 30,000 jobs. ​

Job opportunities might get even better in 2025 for New Yorkers, thanks to new developments. In March 2025, MGM Resorts unveiled plans to transform Empire City into a full-scale casino and entertainment destination. This expansion is projected to create 2,000 new jobs for Westchester and the Bronx residents. ​

Considering that casino salaries are often much higher than those offered by other local businesses, the benefits of this new project can significantly improve the standard of living of local workers.  

Tax Revenue 

Casino revenue, which is subject to heavy taxes, provides a significant source of income for the state. This contribution is then reused to fund public services. In 2024, New York sportsbooks accepted $22.6 billion in sports wagers. Considering the state’s sports betting tax is the highest among all states in the U.S. at 51%, the state collected the highest sports betting tax in the country. These funds support programs for education, youth sports, and gambling prevention and treatment, with $6 million annually allocated to combat problem gambling. ​But the industry’s economic impact doesn’t stop there.

Tourism Benefits

Casinos contribute to local tourism by attracting visitors to the area. These visitors are often international clients, which can, in turn, boost the local economy. Gambling establishments become major points of interest, sometimes transforming areas into true tourist destinations. Additionally, in several U.S. states, casino enthusiasts have a convenient and exciting way to have fun through online casino games. A good example is New Jersey, where legal iGaming platforms like BetMGM Casino helped the state set a new annual revenue record in 2024. However, New York has yet to tap into the potential of this form of gaming.

Urban Development

Casino developments often lead to substantial infrastructure improvements. The construction of hotel complexes, convention centers, and other entertainment facilities helps improve the area’s tourist appeal and strengthen its long-term economy. For instance, a proposed casino development at Ferry Point Park includes plans for a new overpass at Lafayette Avenue, widened service roads with new bus stops, and enhanced pedestrian crossings. ​

Similarly, the Metropolitan Park project near Citi Field in Queens envisions an $8 billion investment in a casino and entertainment complex. This development aims to revitalize the area with new public park spaces, community athletic fields, and playgrounds. ​

Community Engagement and Social Initiatives

Casinos have a significant positive impact on the well-being of local communities. Indeed, many casinos in New York have invested in social projects that benefit society as a whole. By supporting cultural initiatives and educational programs and helping to finance local infrastructure, casinos and local businesses are interconnected in many ways. These investments help improve the quality of life in areas where casinos are located.  

Empire City Casino, for example, demonstrates a commitment to the community by funding initiatives that promote diversity, innovation, and long-term change. The staff at the casino dedicated numerous volunteer hours to a range of causes throughout these communities, enabling MGM Resorts to exceed a total of 1 million volunteer hours across the company since its acquisition of Empire City in 2019. ​

Responsible Gambling Measures

However, despite the many benefits of the casino industry, gambling problems deserve to be highlighted. In March 2025, Governor Kathy Hochul proclaimed Problem Gambling Awareness Month, highlighting collaborative efforts to provide resources and build awareness of gambling addiction. ​

The New York State Senate also passed legislation to establish a Problem Gambling Advisory Council. This council aims to enhance awareness, prevention, and treatment services, ensuring that the state’s gaming industry grows responsibly. ​

Challenges and Future Outlook

Despite the benefits, the casino industry faces challenges, including regulatory hurdles and community opposition. For instance, the Hudson Yards casino project encountered resistance from local groups concerned about its impact on the neighborhood. Developers responded by pledging $197 million over ten years to community programs to address these concerns. ​

A Winning Hand for New York 

Looking ahead, the future of New York’s casino industry appears promising. With strategic investments in economic development, infrastructure, and community engagement, casinos are poised to continue playing an essential role in the state’s growth.​ As the industry evolves, the commitment to responsible development and community partnership will ensure that the benefits are both sustainable and far-reaching.