New York State Senate Approves Madison County Casino Revenue Sharing Bill

The newest York State Senate authorized on Tuesday a bill, under which Madison County would get 25% associated with slots revenue Yellow Brick path Casino contributes to their state.

Even though the proposed legislation met specific opposition by the Oneida Indian country, which manages play she’s a rich girl slot the above-mentioned gambling location, state senators voted 57-1 in its favor. Thus, being truly a host municipality to your center, Madison County would receive a share of the slot machines revenue it yearly generates and pays towards the state. County representatives told news it is not specially not clear just how much shes a rich girl slot exactly it might receive through the casino, which started doorways last year.

The approved legislation is currently headed to the ny State Assembly, which voted in support of a similar bill back in 2015 but Assembly people will now have to mention their opinion on this one, too.

The latest proposition ended up being sponsored by Sen. David Valesky, D-Oneida, with Madison County being contained in their region. Generally, it’s the just county inside the New York borders to be hosting a native american gambling place without having to be compensated a benefit being a host municipality.

Sen. Valesky commented in a news release that it’s just fair for Madison County to receive a share of what the casino she’s a rich girl slot generates. He additionally explained that any re payments the casino gets would exclusively come from the state’s percentage of slot machines income. (más…)