Nyc State Senate Approves Madison County Casino Revenue Sharing Bill
The New York State Senate authorized on a bill, under which Madison County would receive 25% of the slot machines revenue Yellow Brick Road Casino contributes to the state tuesday.
Although the proposed legislation came across opposition that is certain shes a rich girl slot the Oneida Indian Nation, which manages the above-mentioned gambling location, state senators voted 57-1 in its favor. Hence, being fully a host municipality towards the center she’s a rich girl slot machine, Madison County would be given a share regarding the slot machines revenue it yearly yields and will pay to the state. County representatives told news that it’s maybe not specially not clear how much exactly it would receive through the casino, which started doors this past year.
The approved legislation has become headed to your ny State Assembly, which voted in favor of a comparable bill right back in 2015 but Assembly members will now have to mention their opinion on this one, too.
The latest proposition was sponsored by Sen. David Valesky, D-Oneida, with Madison County being contained in their district. Broadly speaking she’s a rich girl slot free, it is the only county in the ny borders to be hosting A american that is native gambling without being paid a benefit as a host municipality.
Sen. Valesky commented in a news release that it’s just fair for Madison County to get a share of just what the casino generates. He additionally explained that any payments the casino gets would exclusively shes a rich girl slot come from the state’s percentage of slot machines revenue. Read More