As Many As 7 Las Vegas Style Casinos To Be Spread Throughout Empire State

Within a few years New York may have as many as seven Las Vegas-equivalent casinos spread throughout the state. The ballot, sent out on Tuesday, November 5th, was backed by State Governor Andrew Cuomo and passed with a 57 percent vote.

Labor leaders and state businesses raised more than $4 million in marketing to generate positive feedback to add seven casinos to the existing five Indian-run casinos in upstate New York. There are a number of slot-style gambling opportunities spread throughout the state, though Proposal One hopes to revitalize New York’s gambling revenue. These electronic casinos, under Proposal One, will likely install table games in the coming years.

Revenue generated through casino taxes go to schools, local governments, and back into taxpayers’ pockets. With the high tourism (both domestic and international) the state already has, casino revenues will be buffered by locals who currently have to go to other East Coast states to gamble. Additional legal casinos will also open up legitimate job opportunities for New York residents.

Four of the seven proposed casinos are planned to be built away from existing casinos and New York City. The projected build sites include areas near the Catskills where tourism was once a booming industry, near Albany, the Pennsylvania border, and the Southern Tier. There are also plans to have a New York City casino up and running within seven years which one would think would demand a grand design and be the crown jewel of legal gambling in the United States let alone New York.

Cuomo expects additional New York casinos could generate as much as $1.2 billion in revenue every year. This number is much lower than Atlantic City’s draw of $3 billion in 2012. New Jersey has actually experienced a $2.2 billion decrease in revenue since 2006, allegedly due to gamblers traveling to other states. Philadelphia, Maryland, and casinos in Delaware are popular gambling sites near the East Coast, though Atlantic City gambling representatives do not expect New York casinos to pull too much traffic away from New Jersey gambling revenue.

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