Upstate New York to recieve three new casinos

Dec 20, 2015

New York State should see some added streams of revenue soon as officials continue their pattern to cash in on gambling.

Cuomo's administration estimates over $300 million in annual revenue
Credit WBFO News File Photo

On Monday state regulators expect to license three new casinos  to upstate New York. The region already has a dozen horse tracks and Indian casinos. Analysts believe a huge revenue jackpot from casino expansion may be difficult to achieve in New York due to an overcrowded market. However, Governor Andrew Cuomo's administration says the new casinos could bring in over an estimated $300 million dollars annually to governments.