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Governor s budget proposal threatens Saratoga harness racing, industry officials say
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1of15A view of the grandstands, seen in the background, at the complex that has the Saratoga Casino Hotel and the Saratoga Harness Track, on Monday, March 1, 2021, in Saratoga Springs, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
2of15A view of the Saratoga Harness Track on Monday, March 1, 2021, in Saratoga Springs, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
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4of15A view of the grandstands, seen in the background, at the complex that has the Saratoga Casino Hotel and the Saratoga Harness Track, on Monday, March 1, 2021, in Saratoga Springs, N.Y. (Paul Buckowski/Times Union)Paul Buckowski/Albany Times UnionShow MoreShow Less
New-yorkUnited-statesSaratogaIllinoisSaratoga-springsSarah-burgerJoe-battagliaGreg-carlinAndrew-cuomoFreeman-klopottSaratoga-harness-horseperson-associationYork-gaming-economic-development By Susan Arbetter New York State PUBLISHED 5:07 PM ET Feb. 24, 2021 PUBLISHED 5:07 PM EST Feb. 24, 2021
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There is a moratorium on opening up downstate casinos until 2023.
A 2013 constitutional amendment authorized seven gambling casinos in New York state. The four upstate casinos were licensed years before the three downstate casinos. The thinking was that upstate casinos needed time to become established without the pressure of competition from downstate gaming palaces.
But that was before the pandemic and before the state faced a $15 billion budget gap.
Casino operators like Las Vegas Sands are betting that there’s an appetite to launch the three downstate casinos a few years ahead of schedule in order to help close the deficit.
New-yorkUnited-statesLas-vegasNevadaGreg-carlinDavid-patersonLas-vegas-sandsGovernor-david-patersonNew-yorkersStreet-gamingRivers-casino