The four horse track casinos generated $906.3 million for education during the fiscal year that ran from April, 2019 to March 31, 2020, according to the Gaming Commission. The casinos were closed for five months and produced no revenues for government coffers from April to August as New York became the coronavirus epicenter and Cuomo ordered a drastic emergency lockdown to contain the spread of the killer bug.īut fewer gamblers showed up when the casinos reopened, leading to a drop in typical monthly revenues. Among his revenue producers include legalizing mobile sports betting. Andrew Cuomo unveils his budget plan Tuesday to close a multi-billion shortfall fueled by the COVID-19 outbreak that ravaged New York’s economy. The cratering of revenues at New York’s casinos during the coronavirus pandemic has devastated government coffers and turned the state’s schools into big losers.Ĭasino revenues dedicated to education and the state treasury have plummeted by $600 million in the current fiscal year, state Gaming Commission reports reviewed by the Post reveal. NYC jobs are back - but not for the hotel business Hamas’ bodyguard of liars, Joe’s polls hit Hillary territory and other commentary Midtown, Lower Manhattan foot traffic down 33% - one of worst post-COVID rates in US: survey

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