The state is requiring the non-refundable payment to cover its costs of examining the proposals that are coming in from companies who want to secure full-fledged casino operating licenses.
Both Traditions in the Town of Union and Tioga Downs in Nichols are working to set themselves apart from each other.
Just last week, Tioga Downs which already operates a racino with electronic gaming machines, announced that it has an agreement in place to operate the Tioga Country Club golf course, if it secures the license.
Meanwhile, Traditions already has a golf course and hotel, but not a racino.
Traditions owner Bill Walsh says he's confident that his proposal for the Southern Tier's license will be selected over Tioga Downs and another site closer to Rochester.
"We thought early on we had the best location, the property with the most amenities, that can compliment a casino. We know we have a community here that really needs it and can benefit from it," said Walsh.
Binghamton-based Vista Hospitality Group, which was considering applying for the casino license, had decided against it. Vista had targeted either the Binghamton Plaza or the former STOW Manufacturing site in the city as potential sites for a casino.
Instead, Vista is now supporting the Traditions proposal.
Casino applications are due by the end of June.
We should know this fall which proposal is awarded the license.
Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.