“We did over budget in 2017 for those revenues. “What we were told in 2014 is certainly not what we are getting,' said Schenectady city council member Vincent Riggi. Hb0JOqqt9Bīut all of those totals are far less than what was first estimated back in 2014. has a year in the books, but many often wonder about the money going in and coming out.

The rest is divvied up between neighboring counties. Eighty percent is given to the state to be used for education statewide, while $200,000 goes to each the city and county of Schenectady. That leaves $12 million for Rivers Casino in revenue.Įight million dollars of that goes to the casino operator for salary and other costs, and $4 million is given back to municipalities. Gamblers made bets of about $117 million, and won about $90 million back in winnings. Let’s take an average month, like September 2017. But casinos in New York must also pay gaming tax. Rivers pays about $6 million in sales and property tax, which goes to the school district, county and state. To judge for yourself the level of Rivers Casino and Resort’s success, you have to understand where the money goes. Spectrum News’ Barry Wygel takes a look at what has changed since the casino opened its doors.

Nearly a year after its opening, the Rivers Casino and Resort has changed the Schenectady area.