NYGA report says racinos garnered us$ 1.8 billion in 2012
New York's nine racetrack casinos - or "racinos" - took in us$ 1.8 billion last year, according to the first-ever New York Gaming Association's annual report.
The report says that us$ 823 million of that money went to schools and that the casinos had a total employment of 6,000 people. "Our nine existing facilities are tremendous economic assets that should be nurtured and developed,” association President James D. Featherstonhaugh said in a statement.
Revenues also grew by 5 % in the first quarter of 2013 over the same time period last year, the association said.
Central New York has two racetrack casinos, Vernon Downs Casino in Vernon and Finger Lakes Casino & Racetrack in Farmington. Vernon Downs took in us$ 43.7 million, according to the state Lottery Division, which oversees the video gaming machines at the racetracks.
The annual report also said that the nine casinos:
- Have a combined 17,000 gaming machines.
- Pay an average salary of us$ 34,000 a year
- Indirectly generate 11,000 jobs
- Have a us$ 1.7 billion impact on the state's economy.
State attorneys general push for local control over sports prediction markets
Massachusetts high court signals skepticism in Kalshi sports contracts case
Wisconsin: Federal review advances for Menominee Tribe's Kenosha casino proposal
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
William Hill owner Evoke to close 270 shops as losses widen on tax hit
Racing and Sports partners with Altenar to enhance global racing offering
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
