Should some of the gambling revenues help build/renovate stadiums and arenas?

[Albany,n.y.]

The state took in over $70 million the 1st 30 days of mobile sports betting.  Since without the sports leagues there are no games to bet on, should the state be taking some of the gambling revenues to help build the Bills new stadium and also support future stadium and arena renovations and upgrades to the state's major league sports teams.

 

One of the biggest complaints from the non sports fans is they don't want their tax dollars spent on stadiums they'll never go to.  The money from gambling comes almost exclusively from the fans most interested in the teams, blunting the non sports fans argument.

 

I say use some of the gambling profits to build our new stadium.  Yes, I'm aware this would require some political maneuvering.  

Edited February 15, 2022 by Albany,n.y.

[mikemac2001]

Good idea! 
 

that’s why it won’t happen 

[Boatdrinks]

It probably should. NY state will surely have something to waste it on though. 

[Ya Digg?]

Unfortunately I feel like I'm funding this stadium by myself at this point!  With my track record of gambling over the last month I'm pretty sure they won't need any private or tax payer money!🤦‍♂️

[BADOLBILZ]

Yep.

 

The timing is absolutely perfect to demand the state cough up those brand new ill-gotten gains to fund a stadium.

 

And do it before the cost of dealing with all the addicted gamblers in-state becomes more obvious.

 

 

Edited February 15, 2022 by BADOLBILZ

[Freddie's Dead]

Great idea, gambling revenue did so much for Atlantic City.

[Albany,n.y.]

2 minutes ago, Freddie's Dead said:

Great idea, gambling revenue did so much for Atlantic City.

That's because they didn't build a football stadium.  

[RoyBatty is alive]

Taxpayers are so naïve.

 

Like donating money to my university, they try to encourage you to donate to the football team or the drama or whatever.  This is another example.

 

People dont realize that all the money is fungible, especially taxes.  Sure NYS can target the funds "to the stadium", but in reality, it is meaningless.

[Saint Doug]

6 minutes ago, Albany,n.y. said:

That's because they didn't build a football stadium.  

Or a dome. 

[TheFunPolice]

the way NY State works they already spent that $70 million 4 times before it was earned. 

 

 

[ControllerOfPlanetX]

“Should happen” and “will happen” are two vastly different things.

[Mike in Horseheads]

No.  NFL is already getting their share of the revenue.   https://profootballtalk.nbcsports.com/2021/08/27/report-nfl-expects-to-generate-270-million-from-gambling-deals/

[The Wiz]

2 hours ago, Boatdrinks said:

It probably should. NY state will surely have something to waste it on though. 

Or do what they did with the money to clean up Onondaga lake.

[CaptnCoke11]

Can we sell New York State to Canada ?

Edited February 15, 2022 by CaptnCoke11

[Albany,n.y.]

17 minutes ago, Mike in Horseheads said:

No.  NFL is already getting their share of the revenue.   https://profootballtalk.nbcsports.com/2021/08/27/report-nfl-expects-to-generate-270-million-from-gambling-deals/

This has nothing to do with where the state will come up with the money they have to kick in for a new stadium.  

[Mike in Horseheads]

26 minutes ago, Albany,n.y. said:

This has nothing to do with where the state will come up with the money they have to kick in for a new stadium.  

Ya know what your correct but too late now, those funds would have had to be put in a restricted fund and that didn't happen.

I wonder how many posters here actually live in NYS

[Draconator]

38 minutes ago, CaptnCoke11 said:

Can we sell New York State to Canada ?

Do you really think Canada would want us?

[Donuts and Doritos]

16 minutes ago, Draconator said:

Do you really think Canada would want us?

Sure we've got the better view of the falls. 

[Don Otreply]

2 hours ago, RoyBatty is alive said:

Taxpayers are so naïve.

 

Like donating money to my university, they try to encourage you to donate to the football team or the drama or whatever.  This is another example.

 

People dont realize that all the money is fungible, especially taxes.  Sure NYS can target the funds "to the stadium", but in reality, it is meaningless.

Yup, Once tax money gets collected it all becomes parts of the general fund, there is no lock box.

 

  As an example, look what our political parties did to all the money that was in the supposed Social Security fund, it was “borrowed “ and never paid back…, there are no politicians that won’t spend all tax revenue on whatever, regardless of what it may have been originally intended for. 
 

Now its time for a really dry martini and a cigarette, 

[Buffalo Barbarian]

Yep

 

 

4 hours ago, Ya Digg? said:

Unfortunately I feel like I'm funding this stadium by myself at this point!  With my track record of gambling over the last month I'm pretty sure they won't need any private or tax payer money!🤦‍♂️