The city’s casino industry paid more than $504 million in taxes and fees last fiscal year, a record amount that helps fund programs around the state for its most vulnerable residents.

Money for the programs is generated from taxing various parts of the casino gaming industry from total gaming revenue to progressive slots.

The Casino Revenue Fund was established in 1976 with the provision that state revenues derived from casino gambling would be applied solely for the purpose of “providing funding for reductions in property taxes, rental, telephone, gas, electric, and municipal utilities charges of eligible senior citizens and disabled residents of the State in accordance with such formulae as the Legislature shall by law provide,” according to the state.