Economic Benefits

With a New York State Gaming License, Sands New York will contribute a minimum of $1 billion in payments to Nassau and Suffolk counties, the Town of Hempstead, and police and community service organizations over the first 10 years of operation.

In the years that follow, payments are subject to escalators such that the project is estimated to contribute a minimum of $3.474 billion to the Long Island community in its first 30 years of operation.

Funding Commitments to County and Local Government and Community

Funding Commitments to Nassau County

Inclusive of rent and guaranteed minimum share of gaming tax

bar graph displaying Pre-Opening = $72 million; 10-year total = $600 million; 20-year total = $1.128 billion; 30-year total = $2.23 billion

Funding Commitments to the Town of Hempstead

Guaranteed minimum share of gaming tax

bar graph displaying 10-year total = $195 million; 20-year total = $451 million; 30-year total = $775 million

Funding Commitments for Community Benefits

40% of this funding is dedicated to the host community of Uniondale

bar graph displaying Pre-Opening = $13 million; 10-year total = $53 million; 20-year total = $93 million; 30-year total = $133 million

Funding Commitments for Public Safety

bar graph displaying Pre-Opening = $4 million; 10-year total = $20 million; 20-year total = $44 million; 30-year total = $71 million

Estimated Payment in Lieu of Taxes (PILOT)

Includes payments to the Uniondale School District

bar graph displaying 10-year total = $45 million; 20-year total = $99 million; 30-year total = $165 million

Payments to Suffolk County are
5% of the gaming tax revenue.