Good luck to the three new casinos, one in the Bronx and two in Queens, approved Monday by a state panel. It’s in everyone’s interest that they deliver on the promises made regarding job creation and economic growth. With a $500 million payment for each license dedicated to the MTA, as well as 40% to 50% of gaming tax receipts (the rest of the tax is earmarked for education), the public will be gaining something valuable in exchange for the right to operate.
Of course, any gambling also has downsides, with too much of the revenues depending on problem gamblers, who are addicted and need help.
