Why don’t we just put the whole economy in New York on gambling industry. We need more, and more… … One time shots don’t fix anything just put it off to the future. We need fiscal reform in this state and an end to these types of gimmicks. But, stupid is as stupid does.

Spitzer backs video lottery terminals at Belmont

ALBANY - Gov. Eliot Spitzer embraced installing slot-like video lottery terminals at Belmont raceway Tuesday, a controversial proposal that is likely to face opposition in the Assembly.

“It’s something I think we should move forward on and something that I’ve favored for quite some time,” Spitzer said, speaking to reporters after unveiling details of his latest budget. “In the context of where we are going in racing, I hope we can get it.”

The state would receive a one-time $250-million payment from the company buying the video terminal franchise, according to Spitzer’s spending plan.

It’s still unclear how much annual cash terminals at Belmont would generate for state schools. But New York State Lottery spokesman John Charleson said the number of machines at Belmont is likely to be “equal to or greater” than those at the racetrack in Yonkers, which has churned out $20 million for education so far this fiscal year.

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