"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."
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.
Read at The Daily Upside
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