June 21, 2016
Albany

Governor Cuomo Announces Distribution of $30.2 Million in Upstate Destination Resort License Fees to 22 Counties

TOP Governor Cuomo Announces Distribution of $30.2...

License fees generated $120.8 million for public schools statewide

WYSIWYG

Governor Andrew M. Cuomo today announced that 22 counties and three municipalities across upstate New York are receiving $30.2 million in license fees paid by newly licensed destination resort casinos.

"This funding will help counties and local governments provide essential services to their residents as well as work to reduce their tax burden," said Governor Cuomo. "These destination resorts will help drive more tourism and economic development dollars upstate and, with these payments, local governments are already seeing the benefits of these projects."

The county payouts are one portion of the $151 million in commercial casino license fees that are being distributed across upstate using the same formula for casino gaming revenue laid out in the Upstate New York Gaming and Economic Development Act of 2013 -- 80 percent will be applied statewide for school aid/property tax relief; 10 percent will be split between host municipality and county; and 10 percent will go to counties in the regions established by the Act based on population.

New York State Association of Counties Executive Director Stephen Acquario said, "Governor Cuomo has demonstrated that smart gaming policy helps the entire state. With these funds, Governor Cuomo has fulfilled an important commitment he made with the passage of the Upstate New York Gaming and Economic Development Act. Millions of dollars in casino license fees are a much-needed benefit to upstate communities, and we are grateful for the support."

Catskills/Hudson Valley: The Catskills/Hudson Valley will receive $10.2 million – well before Montreign Resort Casino opens its doors in the spring of 2018. The Town of Thompson and Sullivan County split 10 percent of the revenue (both receiving $2,550,000) for their roles as Montreign's host municipality and county, respectively. The following counties share another 10 percent of the revenue (totaling $5.1 million) for being in the Catskills/Hudson Valley region established by the Act, based on population:

  • Columbia County: $317,631
  • Delaware County: $241,536
  • Dutchess County: $1,497,583
  • Greene County: $247,783
  • Orange County: $1,876,777
  • Ulster County: $918,687

The remaining $40.8 million is being distributed to public schools statewide as part of the state’s education formula.

Capital Region: The Capital Region will receive $10 million – well before Rivers Casino & Resort at Mohawk Harbor opens its doors in early 2017. The City of Schenectady and Schenectady County split 10 percent of the revenue (both receiving $2,500,000) for their roles as Rivers’ host municipality and county, respectively. The following counties share another 10 percent of the revenue (totaling $5 million) for being in the Capital Region established by the Act, based on population:

  • Albany County: $1,718,754
  • Fulton County: $313,750
  • Montgomery County: $283,737
  • Rensselaer County: $900,774
  • Saratoga County: $1,240,780
  • Schoharie County: $185,032
  • Washington County: $357,170


The remaining $40 million is being distributed to public schools statewide as part of the state’s education formula.

Eastern Southern Tier/Finger Lakes Reigon: The Eastern Southern Tier/Finger Lakes Region is receiving $10 million – well before del Lago Resort & Casino opens its doors in early 2017. The Town of Tyre and Seneca County split 10 percent of the revenue (both receiving $2,500,000) for their roles as del Lago's host municipality and county, respectively. The following counties share another 10 percent of the revenue (totaling $5 million) for being in the Eastern Southern Tier/Finger Lakes region established by the Act, based on population:

  • Broome County: $2,360,583
  • Chemung County*: $489,532
  • Schuyler County*: $117,546
  • Tioga County**: $601,619
  • Tompkins County: $1,195,165
  • Wayne County*: $235,552


The remaining $40 million is being distributed to public schools statewide as part of the state’s education formula.

* Chemung, Schuyler and Wayne counties are partially included in the region due to boundaries established in the Act.

** Tioga County is the host county of recommended Applicant Tioga Downs Casino Racing and Entertainment. The county’s share of the del Lago license fee is being withheld as upon licensure, it will be eligible for 5 percent of the facility’s $20 million license fee and not be eligible for the disbursement from del Lago. Upon licensure of Tioga Downs, an additional $20 million license fee will be paid and distributed to counties in the Southern Tier and Finger Lakes according to the same formula.

 

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