Since MGM Resorts acquired the Yonkers casino in 2019 for $850 million, it has contributed more than $1.3 billion to education in the state over the past five years
Empire City Casino run by MGM Resorts, has hit a big milestone. It has contributed more than $5 billion to New York State education.
MGM Resorts’ Empire City Casino Powers New York Schools and Local Economies
Empire City started in 2006 as a casino with video lottery terminals (VLTs). Since then, it has grown to boost the economy of the state of New York. This is true for Westchester County and the Bronx.
The Yonkers casino, which MGM Resorts bought in 2019 for $850 million, has given over $1.3 billion to education in the last five years. This money makes up about 30% of all funds that VLT casinos across New York generate. Empire City gives around $25 million each month helping K-12 public schools and becoming a key source of the state’s education money.
The casino helps more than just schools. Its yearly earnings give hundreds of millions of dollars to harness racing and local and state governments. This money shows how much the casino matters to the area’s money flow.
MGM Resorts has poured investments into Empire City since buying it. It has made upgrades to the historic Yonkers Raceway. It has put in new track surfaces, LED lights, and a cutting-edge tote board. The casino floor looks different, too. The company has added a VIP gaming room and tech-heavy spaces for workers.
MGM Resorts’ Expansion Plans for Empire City Casino Promise Jobs and Economic Growth
Additionally, Empire City gives jobs to many people in the area. It pays out over $90 million each year. More than 70% of its workers live in Yonkers, Mount Vernon, and the Bronx. Unions represent over 90% of the staff. Many employees have worked there for years in different roles. This shows how the casino provides steady work for locals.
Looking to the future, MGM Resorts has big plans for the casino. These plans depend on getting one of three commercial gaming licenses that New York State is expected to issue. These licenses would allow Empire City to add live dealer games, in-person sports betting, and slot machines like those in Las Vegas. MGM wants to turn it into a top entertainment spot. This would include a bigger casino floor, a space for 5,000-person events fancy restaurants, and a state-of-the-art BetMGM sportsbook.
This redevelopment is expected to generate 2,500 direct jobs and boost economic activity by over $1 billion, while supporting more than 10,000 jobs.
MGM Resorts sees these improvements as a way to strengthen its ties to the local community and boost Empire City’s position as a regional powerhouse. Empire City‘s impact on New York showcases its dual role as a major financial contributor and a community-focused business setting the stage for a game-changing future.
