Gambling has always been available in New York. However, accessibility was a main concern. But when mobile sports betting blew up in New York, a billion-dollar industry boomed, and now there is more to follow. In the latest casino news, New York city will be having Las Vegas-style casinos soon.
The New York City area will have three full casinos, which could be somewhere within the city’s five boroughs, on Long Island, or in the lower Hudson Valley. This is based on the details from the $220 billion state budget that the state’s legislature approved last week. Many PayPerHead bookies have been enjoying heavy gaming and sports betting action in New York, so extending retail casinos could increase the gambling numbers in the state.
New York Approves Las Vegas-Style Casinos
Gambling companies that wish to operate these casinos will go through a bidding process. They may pay around $500 million, at the minimum, to gain a license to operate a casino. Currently, there are two gaming properties that are running in New York City. However, these sites do not offer table games, as they are only allowed to offer slot-style terminal games, similar to online slot machines.
But should they be granted a full license, they could expand their operations to offer a full-service casino. This means table games such as blackjack, craps, and poker. Currently, the factors in choosing a location on where to allow these casinos to run is still not final, with an advisory committee to consult with. The state may opt to select locations that will benefit the most economically.
