Gambling has exploded in New York during the last two decades, with the floodgates truly opening when the state approved electronic gaming at horse racing tracks.
At the turn of the century your options for placing a bet were extremely limited in New York. Casinos could only be found on Indian reservations, the multi-state lottery was just a dream and online gambling was only as good as your dial-up connection. And despite opposition from anti-gambling advocates, the Saratoga County Chamber of Commerce and Donald Trump, a confluence of events in 2001 led to the legislature’s approval of Video Lottery Terminals (VLTs) at race tracks in New York.
EJ McMahon, the research director for the Empire Center of Public Policy, joined Poozer Politics to explain the politics, policy and personalities behind the 1995 tax cut. The conversation addresses the stalled tax cuts under Gov. Mario Cuomo, the role of Assembly Republicans and the ramifications for New York from potential tax changes at the federal level.
Marie French, the energy and environmental reporter for Politico NY, joined Poozer Politics to explain how an ESCO operates, provide a status update from the PSC’s war and talk about New York’s energy future.
The episode also features excerpts from state lawmakers and regulators, who are divided on the threat posed by ESCOs and the merit of the PSC’s actions.
Jim Malatras, president of the Rockefeller Institute, joined Poozer Politics to explain the mechanics of the program, highlighted interesting proposals and identified the potential benefits (large and small) for taxpayers.
The conversation also addressed the criticism that this process fails to address major cost drivers, like pensions, and whether the analysis has been too political.