New Yorkers To Vote On Expanding Casinos
The issue of casinos and gambling in the U.S. is a hot topic as more states need to come up with innovative ways to generate jobs and kick start their economies. As anyone following the U.S. gambling market knows, the Wire Act of 1961 was revised by the US Justice Department and in effect this has opened up the doors for individual states to legislate their own online gambling policies. With Nevada, New Jersey and Delaware already legalizing internet gambling other states are looking to follow suit.
One such state in New York who are going to the polls next month. One of the big issues on hand is whether the state constitution should be amended in order to permit up to seven casinos.
Currently New York has over a dozen casino racetracks that are situated on Indian owned land. Proponents of amending the state constitution point out the fact that the proposed casinos will create thousands of jobs as well as increasing school and tax relief. According to Gov. Cuomo’s office the additional benefits will include nearly $1 billion in construction spending, nearly 10,000 jobs which include both permanent and temporary. Other benefits are $192 million in aid to local governments and over $282 million on education and property tax.
Opponents to the expansion of casinos are quick to point out that the dangers and disadvantages of gambling need to be addressed as well and focusing only on the benefits creates a warped picture for the voter who has to decide on this contentious issue.