- About Us
- Continuing Education
- Future CPAs
- Government Affairs
- Professional Resources
- Society Pubs.
NYS Becomes a Leading Gambling State
The number one gambling state by revenues is—no surprise—Nevada, with California at the number two spot, followed now by New York, according to a New York Daily News article. With $5.4 billion in 2010, the most recent year available, the Empire State has surpassed New Jersey which had only $4.4 billion, despite Atlantic City.
The article noted that New York's gambling income included $1.05 billion from Native American-run casinos, $2.8 billion from the lottery and $1.08 billion from slots parlors at race tracks. The $5.4 billion does not include the new Resorts World racino at Aqueduct Racetrack in Queens, in New York City, which should boost the income even further, according to experts quoted in the article.
Governor Cuomo said in his 2012 State of the State Address that he wants to see the gaming industry expand in New York. "It’s not a question of whether we should have gaming in New York—the fact is we already do. Native Americans have five casinos in New York and we have nine racinos at our racetracks. We don’t fully realize it, regulate it, or capitalize on it, but we have gaming," he said. He said he'd like to see the state constitution changed "so that we can do gaming right."