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

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

Quote:

Originally Posted by Buckpasser (Post 656912)

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!