πŸ”₯ New York Prepares to Approve Sports Betting at 4 Casinos – NBC New York

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Authorizes casino gambling within the state as prescribed by the legislature. after the next succeeding general election of members of the assembly, and.


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Source: New York state Division of the Budget, state Gaming Commission, Times Union research. Cathleen F. Crowley/Times Union.


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ALBANY β€”Major changes could be in store for New York's gambling landscape. 1of8Gamblers try their luck at video gaming at Saratoga Casino and Friday is the deadline to register to vote in New York's June primaries.


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New York State already has five Indian-run casinos, all of them from the borders who go to casinos,” Mr. Cuomo told reporters after voting in.


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ALBANY β€”Major changes could be in store for New York's gambling landscape. 1of8Gamblers try their luck at video gaming at Saratoga Casino and Friday is the deadline to register to vote in New York's June primaries.


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Source: New York state Division of the Budget, state Gaming Commission, Times Union research. Cathleen F. Crowley/Times Union.


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The proposition, which passed overwhelming with 57% of the vote, will mean New York will add up to seven casinos in a state that already has.


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The state's Gaming Commission is scheduled to vote Monday on regulations permitting wagers at Resorts World Catskills in Monticello, Rivers.


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But those who argued against a casino say the disparity between what was promised and the current reality reinforces their concerns that local officials had no intention of looking critically at information provided by the state or casino operators themselves. Robert J. Schenectady City Council President Democrat Leesa Perazzo, who voted to support a casino, said the city included the revenue number in its June vote because the state provided it. I have my doubts. Last week, Duffy told the Times Union that such numbers are going to be unpredictable. But one Seneca County resolution from had a revenue chart that contained language favorable to gaming, including statements like "Region 5 Wins with Lago and Wins Again with a 4th License. Perazzo said a resolution is not a law, so city officials are not bound by the tax reduction promises made in it. But the gaming industry is no doubt facing challenges, and needs to increase what it offers as well as its marketing to draw in more customers, Duffy said. Municipalities get 20 percent of casino tax; the state takes the rest. County officials are now reducing taxes 1 percent. The state Budget Division and the Gaming Commission both say the numbers were a best guess considering they didn't know where, or how many, casinos would be built. Schenectady officials say their tax reduction promises were not disingenuous because they based their statements on the Budget Division's numbers β€” and that property taxes are still being reduced. Gov Robert J. Schenectady County Legislator and Democratic majority leader Gary Hughes reiterated the state Gaming Commission's position that casino revenues will grow in the coming years. Now, 10 months after the opening of Rivers Casino and Resort, the city is reducing taxes 1 percent. Duffy speaks about gambling in the state during an editorial board meeting at the Times Union on Tuesday Oct. Those projections, however, in are well below how the current casinos are performing. But the Democratic assemblywoman placed no blame with the Budget Division, saying such estimates can be unpredictable. Michael P.{/INSERTKEYS}{/PARAGRAPH} Schenectady County predicted a similar scenario, its legislature passing a resolution three years ago saying county taxes might be reduced 8 percent if a casino opened. Probably," Perazzo said. However, "the bottom line is we were still able to reduce our property taxes. In , Fahy took issue with the favorable economic development language that was put in the gaming referendum. Noting the difference between the state's projections and actual revenue going to Capital Region governments, Albany Assemblywoman Patricia Fahy said, "That's very sobering to say the least β€” that's not even in the same ballpark. Recommended Considerations when reopening your business. A casino was expected to bring in so much revenue β€” and the local government share to go along with it β€” that Schenectady would reduce property taxes 18 percent in the first year. In fall , former Lt. But it's likely to be more than what we're getting now," Hughes said. The November vote amended the state constitution to allow for the development of up to seven casinos. Gaming Commission spokesman Lee Park noted a different support resolution was provided by the city as part of the Rivers Casino application, not the one that contained the mention of a tax reduction. Duffy promoted the state's casino projections in front of newspaper editorial boards across the state. {PARAGRAPH}{INSERTKEYS}Click through the slideshow to see New York's 19 gaming facilities: 4 state-licensed casinos in upstate New York; 6 Indian casinos; and 9 racinos. But he acknowledged it will likely not be as much as the state projected. The resolution also said that the host municipality payment, "will be used exclusively for the reduction of real property taxes. Most of the supporting resolutions from the host towns and counties involving del Lago and Tioga Downs did not contain specific tax reduction promises as in Schenectady County. Accompanying legislation required that the first four of those would be developed upstate, and came with the requirement that slot machines and table games be taxed at various levels, with 80 percent of those revenues going to the state, and the other 20 percent split between host and surrounding counties. That revenue estimate also included a fourth casino now being built in Sullivan County. The meeting was part of Duffy's statewide tour to promote revenue projections for casino gambling a month before a statewide public referendum. However, revenue from the Resorts World Catskills will likely top Rivers, as it will have almost twice as many slot machines and an story hotel when it opens in March, as well as a golf course opening in Peters said the state provided the estimates because people wanted to know how the proposed referendum would affect local governments. Obviously there's no crystal ball. In , when the city of Schenectady voted to support a proposed casino, the City Council passed a resolution that came with a very attractive component.