Several years of legalized gambling in upstate have yet to definitively answer whether New York casinos are a bad bet. But with nearly a dozen bids on the table from gambling operators and developers vying for three available downstate casino licenses, the odds don’t seem to favor anyone but the house coming out ahead.
A recent audit by the state comptroller cautions against local communities banking on tax windfalls from legal gambling. It is a sentiment that opponents of the various downstate New York casino proposals will undoubtedly seize upon.
However, there is additional information contained in New York State Comptroller Thomas P. DiNapoli’s filing that proponents of the downstate NY casino projects may find interesting.
