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The New York Gaming Association has released a new report suggesting that legalizing full casino gambling in the state would “generate more than $3.3 billion in economic output, which includes wages, salaries and the purchase of goods and services.”
It goes on to suggest that New York would see 17 thousand construction-related jobs, and more than 8,000 permanent jobs. They also estimate that recurring annual revenue for the state would be $976 million.
“New York Gaming Association members have a solid record of creating jobs and bolstering their regional economies,” James Featherstonhaugh, President of New York Gaming Association said. “As this report clearly illustrates, the authorization of live table games will allow our members to create more jobs, provide additional revenue for our state, and to help local governments. Just as important, our support for agriculture, breeding and the racing industry will increase tremendously.”
The study goes on to suggest that casino gambling will boost other areas of the economy as well, including the purchases of goods and services, and the horse racing and breeding industries.
New York City firm Appleseed conducted the study. It’s founder is former Mario Cuomo and Hugh Carey aide Hugh O’Neill.