New York racing awash in money......NOT NYRA

[Buckpasser]

New York has eight racetracks with video lottery terminals (slot machines), seven harness and one thoroughbred (Finger Lakes).

Between them, in 2008, their machines took in $11.4 billion and paid out $10.5 billion. Net profit: $947 million. Of that sum, $446 million went to education, $77 million to marketing, $94 million to lottery administration, $12 million for capital improvements at the tracks, $54 million for purses, $262 million to the tracks.

.........The tracks got $262 million, most of it going to the Empire City Casino and Yonkers Raceway, which handles a staggering $6 billion in slot bets a year. Tim Rooney and his boys up at Yonkers are in clover.


http://www.nypost.com/p/sports/horse...pHBNvZtTfAoqbL

[Cannon Shell]

Originally Posted by Buckpasser

New York has eight racetracks with video lottery terminals (slot machines), seven harness and one thoroughbred (Finger Lakes).

Between them, in 2008, their machines took in $11.4 billion and paid out $10.5 billion. Net profit: $947 million. Of that sum, $446 million went to education, $77 million to marketing, $94 million to lottery administration, $12 million for capital improvements at the tracks, $54 million for purses, $262 million to the tracks.

.........The tracks got $262 million, most of it going to the Empire City Casino and Yonkers Raceway, which handles a staggering $6 billion in slot bets a year. Tim Rooney and his boys up at Yonkers are in clover.


http://www.nypost.com/p/sports/horse...pHBNvZtTfAoqbL

Whoa!