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Business/Economy

Upstate New York to recieve three new casinos

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WBFO News File Photo
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Governor Andrew Cuomo delivering his 2012 State of the State Address, Albany, NY

New York State should see some added streams of revenue soon as officials continue their pattern to cash in on gambling.

On Monday state regulators expect to license three new casinos  to upstate New York. The region already has a dozen horse tracks and Indian casinos. Analysts believe a huge revenue jackpot from casino expansion may be difficult to achieve in New York due to an overcrowded market. However, Governor Andrew Cuomo's administration says the new casinos could bring in over an estimated $300 million dollars annually to governments.
 

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