Applications for three New York City casino licenses have been submitted, with bidders expecting significant profits from various locations. One group aims to build a casino near Citi Field in Queens, while others are vying for sites in the Bronx, Coney Island, and Times Square. Projections indicate that a Manhattan casino could generate $2.1 to $2.2 billion in revenue annually, with Caesars estimating a total of $23.3 billion over ten years. Bidders await the Gaming Board's decision in December.
One bid for a location in Manhattan's Freedom Plaza projects $2.2 billion in revenue in its first year of operation, which would rise to $4.2 billion annually in a decade.
Caesars, which promises an opportunity for 'historic tax revenue,' projects $23.3 billion in gambling revenue alone over 10 years.
A study by consultants at Spectrum Gaming Group found that a Manhattan casino could generate $2.1 billion per year in gambling revenue, higher than in other boroughs.
Cohen's group, however, projects $3.9 billion in annual revenue within three years in Queens.
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