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New York State politicians are now considering permitting poker and blackjack card games take place in the state’s racing tracks. According to the latest update the Saratoga Casino and Raceway may convert into a mini-casino. The idea is to generate some revenue for the state.
It is estimated that around 20% of New York lives on the facilities provided by the government and due to the recent economy, the stock market is not doing so well, and the state has not been able to receive its development funds for this year.
Most other options to solve this problem have run out and hence they might resort to gambling as a solution to rake in revenues. Only if the blackjack games are legalized, regularized and taxed will there be enough cash to prevent any sort of mishap or rioting that might come up eventually.
Some statistics show that $3-$5 billion is spent each year on casino table games by New York City residents alone, and that money has yet not been taxed. This money if taxed will ensure additional revenue for the state for a few decades.
The general idea is that as long as this does not affect the horse racing industry it should do just fine to generate revenue through legal poker & blackjack card games.
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