Bill > A05901

This bill amends the state finance law to modify how gaming device revenue is shared with counties in Oneida and Madison. Specifically, the bill increases the percentage of negotiated net drop (revenue) from gaming devices that the state will share with Oneida County from 25% to 30%. For Madison County, the bill establishes a new 25% revenue sharing arrangement for gaming devices located within the county. The bill also maintains additional financial provisions for Oneida County, including an annual distribution of $2.5 million for 19.25 years and a one-time $11 million payment. These changes are part of a broader state mechanism for distributing casino revenues to local governments, which aims to support municipal services, economic development, and address potential impacts of gaming facilities. The bill is set to take effect on June 1, 2025, and will be fully implemented when the state actually receives payment from gaming devices in these counties. The revenue sharing is part of a larger fund that also supports gambling addiction treatment programs.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A5901