Breaking down the numbers: Rivers Casino in Schenectady

SCHENECTADY, N.Y. (NEWS10) – Rivers Casino in Schenectady isn’t ready just yet, but it’s already paying out $10 million.

The Governor’s Office has released a breakdown of where it’s all going.

Here in the Capital Region the Electric City and Schenectady County will split 10 percent of the revenue equally. But another 10 percent will be divided up between Albany, Fulton, Montgomery, Rensselaer, Saratoga, Schoharie, and Washington Counties.

All together the five casinos being built across the state owed $151 million in licensing fees. $120 million of that will go to public schools statewide.

Again this is just from casino fees; they say New Yorkers will start to see the other benefits through jobs and jackpots once this casino opens.

That’s slated for March 2017.

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