Contact(s)

Steve Martin
Sr. Director of Marketing
585-742-9294
04.12.2013
Record Fiscal Year in the Books Benefits Schools, Taxpayers and Agribusiness
FARMINGTON, N.Y. – Finger Lakes Casino & Racetrack (FLCR) today announced record revenue from gaming operations (GGR) of $129.6 million for the state fiscal year ending March 31, continuing its annual trend of growth since gaming was introduced at the facility in 2004.  Of that number, $87.5 million, which represents a tax rate of 67.5%, supported growth in significant funding primarily for education and agribusiness.
 
More than $61 million of the revenue generated was slated for education in New York, an increase of 4% over the prior year and the highest amount produced since FLCR opened its gaming floor. In total since 2004, more than $450 millionin education funding for New York has been generated from gaming operations at FLCR. Over 47 percentof gaming revenues are earmarked to fund education.
 
Another $13 million in revenue was set aside for the racing industry, both locally and throughout New York. This funding, of which the greatest share is distributed through purses that horsemen compete for, supports family farms, breeders, feed producers, horsemen, veterinarians and other industry jobs, all of which are significant contributors to the local economy.
 
“The current gaming model in New York continues to be a winning proposition for so many by assisting in funding our children’s education, providing jobs and contributing to local tax bases,” added Riegle. “Our continued year-over-year growth is a testament to the successful public-private partnership that has been built for gaming within New York.”
 
FLCR operations also directly impact the local community.  In the same fiscal year (2012-2013), the Town of Farmington and Ontario County received over $1.5 million combined in aid as a result of Finger Lakes operations, with over $12 million delivered since 2007. This is in addition to over $6.8 million in property and sales tax paid since 2004, with annual numbers increasing four times over levels prior to gaming being introduced.
 
More information onFLCR is available at www.fingerlakescasino.com.Full reports of all racetrack site financial contributions to New York State are available at www.gaming.ny.gov/gaming/.
 
By the numbers:
 
Facility GGR GGR  % Change Y/o/Y Tax Rate Allocated Revenue
Finger Lakes $129,678,591 3% 67.5% $87,571,799
         
Education Racing & Breeding Lottery Administration Local Government Aid  
$61,636,081 $12,967,859 $12,967,859 $1,524,000  
 
 
About Finger Lakes Casino & Racetrack:In operation since 1962, the facility added gaming to its offering in 2004 with a $10.5 million expansion. Nearly two million visitors annually now visit the facility highlighted by nearly 1,200 gaming machines, the 448-seat Vineyard Buffet, as well as live and simulcast thoroughbred racing. A nearly 33,000 square foot expansion featuring additional gaming space, feature bar and new restaurant is currently under construction and slated to open November 2013. Casino doors open at 8 a.m. and racing doors open at 11:30 a.m. daily. For more information, visit www.fingerlakescasino.com.
 
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