It’s my hope that this report gives state and local officials a clearer perspective that can help potential host communities avoid the pitfalls that arise with misguided expectations about the public benefits of casinos. “While casinos have generated local gaming tax revenue, the impacts vary for the communities that receive such revenues. “Casinos are not a magic fix that will solve local fiscal challenges,” DiNapoli said.
However, only the three smaller towns that host the casinos saw a significant financial benefit from that money. A new report from New York Comptroller Thomas DiNapoli shows the state's four licensed casinos have brought in $176 million in gaming tax revenue for local governments from 2017 to 2022.
