How will Gambling Benefit New York’s Economy?
It’s official: The state of New York has finally opened its doors to gambling. Offline and online sports betting has been legalized and operators are queuing up to become part of the revolution.
Since the United States Supreme Court overturned the earlier PASPA ruling and effectively left the decision on sports betting with individual state governments, many locations have embraced the concept. The ‘Big Apple’ has been slow by comparison but, with legal online sports betting coming to new york after four years, the potential is exciting.
The State of Play
Virtually all forms of gambling are now legal in New York. With the introduction of online sports betting at the start of 2022, the full landscape is complete. Trackside sports betting is also allowed under the new regime and there are plans in place to add new halls across the state.
State run lotteries, pari-mutuel games and charitable lotteries are also permissible as is physical and online casino play. Under the new regulations, it would only be illegal to gamble with an unlicensed operator while mobile play is also outlawed at present. Aside from those two clear restrictions, New York has opened up and it could bring great rewards to the state’s economy.
So where will the income be generated? Any operator looking to set up in business here will be subject to New York state tax laws. Tax applied at point of sale will be collected and added to the state coffers.
This is the most obvious generation of direct income and the sums involved can be significant. Billions of dollars are wagered worldwide and, even at a federal tax rate of just 0.25%, revenue is substantial.
US bettors are also taxed on their winnings at a much higher rate of 24%. It all adds up and, as has been seen in other US states, these are considerable numbers.
Creating new jobs
The wider New York economy will be benefited in other ways. The introduction of physical betting halls and bricks and mortar casinos means that people are needed to staff them.
The creation of new jobs in a burgeoning sector offers huge benefits to the economy as a whole. More disposable income means that more spending takes place in other sectors and this knock-on effect has tangible advantages that are tough to measure.
Comparisons Around the Country
If we take a look at United States national revenue statistics since gambling was legalized in 2018, we can see the potential that New York now holds. The figures up to the end of 2020 show Nevada out in front with gross income in excess of $7.83 million. New Jersey is next on the list with $2.88 million.
There are no great surprises there: Both Nevada and New Jersey have been synonymous with gambling for many years. The state in third place may not, however, be quite as obvious. Pennsylvania was one of the first to welcome sports betting after the 2018 ruling but its revenue of just under $2.7 million in 2020 is quite remarkable.
It’s also a figure that New York has the potential to emulate. Consider that, in the 2019 Census Figures, the population of Pennsylvania is listed at 12.8 million as opposed to 19.45 million in New York.
Added to that static population, Pennsylvania would also have to concede that New York City and its surrounding areas are a much bigger attraction for tourists. Tourist revenue is another important source of income, and this is where New York can score highly.
A Win – Win
Much will depend on the next moves: New York has passed the legislation but what happens next? Across the country, there are many online sportsbooks and casinos who already service the states that have opened their digital doors.
Operators that accept registrations from Nevada, Iowa, Pennsylvania and others will only need to make a few technical adjustments to welcome those in New York.
A bigger change will need to be made if the state is to open physical premises. There has already been some movement in this respect with reports that a new casino in Newburgh Mall is expected to open up in early 2022.
New sports betting halls will undoubtedly follow: In other states across the union, we’ve seen how betting facilities are added to existing casinos or sports stadiums. In the months and years that follow, it will be no surprise to see halls attached to venues such as the Barclays Center or Madison Square Garden.
It’s down to New York to make the next move: The concept of gambling is now fully opened, and the next few weeks will be interesting. Whatever happens, the paths to greater revenue have already been laid down by other US States.
Asi Wind’s Inner Circle Where Cards Are Magical and Slight of Hand is Astounding
My guest absolutely loved Asi Wind’s Inner Circle pre, but if you have been to Speakeasy Magick at The McKittrick Hotel, much of what is here will seem repetitive, though still amazing.
Asi, is good looking, charming, amusing and has a wonderful slight of hand. The Gym at the Judson has been designed and lit by Adam Blumenthal to make the space warm and inviting. The space only has 100 seats so you are up-close and personal.
Before the show starts audience members are asked to write their names and initial on a blank card with red or black sharpie’s. These are the cards he uses as his deck, so that each night the show is personalize.
Wind is a wonderful storyteller and loves his craft. He is infectious about his passion and in so brings his audience in. Each trick is celebrated as he builds his momentum. You will have seen most of these tricks before, if you have been to The McKittrick, but Asi makes it fun and exciting.
My guest could not wait to bring her grandson and throughly enjoyed the show. That alone made the performance special.
Asi Wind’s Inner Circle: Gym at Judson, 243 Thompson Street, until May 28th.
The Glorious Corner
Carmine Appice and David Salidor
SIXX APPICE –— (Via Ultimate Clsssic Rock) Nikki Sixx spoke out against Carmine Appice’s claim that guitarist Mick Mars had been in dispute with his bandmates in the run-up to his retirement from Motley Crue. Mars’ departure was announced on the completion of their 2022 Stadium Tour, with John 5 named as his replacement soon afterwards. The official reason given was that Mars’ longterm illness had finally caught up with him – but in a recent interview, former Ozzy Osbourne and Vanilla Fudge drummer Appice suggested otherwise.
“[Mars] told me, ‘When I was on the Stadium Tour, I was not happy,’” Appice told Ultimate Guitar. “Basically, everything was on tape; it was all planned out and ultimately a lot of crap. … The truth is that everything has been weird for a while with Motley Crue… Mick told me that people that came to see it could tell that it was all pre-recorded and that everything was on tape.”
Appice added that Mars “would travel alone on a bus while the other guys flew everywhere,” and continued: “He said, ‘Man, these guys are pissing their money away, flying to every gig.’ They were all busy still trying to be rock stars, and Mick just wanted to play the music. … [T]here were a lot of disagreements. I think he was just done.” When Mars was told about Crue’s World Tour with Def Leppard, Appice claimed, the guitarist told his colleagues: “You can do it. I’m not going out with you for this.”
Earlier this week Sixx appeared to refer indirectly to Appice’s comments, tweeting: “Love how people talk FOR us without talking TO us. This is why the media has lost credibility. Obviously by printing BS they make money off of advertising and we’re not into that clickbait game. When the truth comes out it will be FROM us.”
But he was more direct during a Twitter Q&A session last night. “A washed up drummer trying to speak for us? And bottom feeder media running with it to make money off of lies? Welcome to the sad new world of LOOK AT ME LOOK AT ME,” the bassist wrote.
He more or less repeated the same answer when asked: “Is what Carmine Appice said true?” Sixx replied: “A washed up drummer speaking for our band without any of the facts is as ridiculous as bottom feeder media running with stories without fact checking. When you hear the truth it will be from us.” He later commented: “It’s a funny money game.”
Crue will continue on the road through much of the year. Asked if 5’s status in the group was secure, Sixx stated: “Of course. He’s our guitar player. We have big plans.
Seems like there’s really a rumble in the metal-jungle. First off, I love these names … but, the name ‘Carmine Appice’ actually sounds pretty normal.
The metal world is a rough one for sure with fanzines named Blabbermouth; Louder Sound; Metal Edge; Metal Anarchy; Chaoszine; and Metal Injection. Remember, look before you leap!
SHORT TAKES — Growing up, every Sunday night was family-dinner night at the steak-eatery The Longhorn in Rockville Center, Long Island. Sure it was a long-time ago, but the memory survives (as does the memory of our favorite waiter Tomas). Did you know that Micky Dolenz’s father George, owner and operated a restaurant in the heart of the Sunset Strip called The Marquis? The always regal-Alison Martino did a terrific piece on it, check it out here: https://martinostimemachine.blogspot.com/2022/02/the-marquis-restaurant-once-located-on.html?m=1&mibextid=uc01c0&fbclid=IwAR3wCiU_sgRmpjqWGpda_mEHthrj7OS1UfLOVkvYdbfVP_d5Iz0fO-KZbUw
Grace Jones, Bruce Hornsby Comes To The Blue Note Jazz Festival
The Blue Note Jazz Festival runs from May 31st through July 2nd.
On May 31st Grace Jones, singer, actress, author, traveller, artist and revolutionist will be playing at the Hammerstein Ballroom at 8pm. Her CD ‘Hurricane,’ received widespread praise. In 1977 Jones secured her first record deal resulting in a string of dance-club hits including “I Need A Man” and her acclaimed reinvention of Edith Piaf’s classic “La Vie En Rose.” The three disco albums she recorded, ‘Portfolio’ (1977), ‘Fame’ (1978) and ‘Muse’ (1979), generated considerable success in the market and established her as a major recording artist.
Jones also became a muse to Andy Warhol who photographed her extensively and created a series of iconic portraits of her.
Jones is equally famous for her motion picture roles in such features as “Conan the Destroyer” (1984) co-starring Arnold Schwarzenegger, “A View to a Kill” (1985) co-starring Roger Moore as James Bond, the vampire thriller “Vamp” (in which Keith Haring famously painted her body for her role as an undead exotic dancer) and “Boomerang” (1992) co-starring Eddie Murphy (for which she recorded the song “7 Day Weekend”).
On June 3rd at Town Hall Bruce Hornsby & The Noisemakers with special guests John Scofield, Kenny Garrett & Christian McBride.
Bruce Hornsby, pianist Bruce Hornsby writes powerful songs from the heart that touch on several distinctly American traditions: pop, jazz, bluegrass, and 1960s soul. He recorded with his backing band the Range. Hornsby ultimately rejected the musical mainstream, disbanding the Range so he could tour with the Grateful Dead in the early ’90s, then exploring a variety of adventurous musical fusions on his own that decade and with the Noisemakers in the 2000s. Along the way, Hornsby collaborated with everybody from bluegrass picker Ricky Skaggs to jazz musicians Christian McBride and Jack DeJohnette while also spending time composing scores for Spike Lee, but his real revival arrived in the 2010s when Justin Vernon cited Hornsby as an influence and invited the pianist to play on Bon Iver’s 2019 album I, I. Hornsby embraced the opportunities that arose with a series of electronic-inflected, unpredictable albums that ran from 2019’s Absolute Zero through 2022’s ‘Flicted.
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