Contact(s)

Erin Dennin

Director of Communications - NY Gaming Association

518-221-4764

 

edennin@newyorkgaming.org
07.12.2012
Recently released numbers show continued increases in funding generated

FARMINGTON, N.Y. – Finger Lakes Casino & Racetrack (FLCR) continues to generate growth in its funding for education in New York State, according to recently released data by the Division of Lottery.

In June 2012, over $4.9 million was generated for education directly from operations at FLCR, an 8.6% increase over the same month one year prior. When looking at the average salary for elementary and secondary school teachers being at $69,729 in New York according to New York State Department of Labor data, FLCR supported over 71 teaching jobs in June alone.

"We are pleased to be able to grow our business and at the same time increase support to education in New York State," said Chris Riegle, president and general manager of Finger Lakes Casino & Racetrack. "The public-private partnership that we continue to enjoy with the state is truly a model for how productive relationships between government and the private sector can exist for the benefit of all residents."

New York Gaming Association (NYGA) members, which constitute New York’s nine racetrack casinos, together generated over $67.5 million for education in the month of June – the equivalent of over 970 teachers jobs. NYGA members pay over 47% of their net win to fund education which supports teachers’ salaries as well as educational programs for New York’s students.

"New York State has come to rely on the nine racetrack casinos to generate millions for education and help to alleviate the burden of sky rocketing school property taxes, and NYGA members consistently deliver," James Featherstonhaugh, president of NYGA said. "When New York’s racetrack casinos win, New York’s students win."

In total since their inception, NYGA members have generated over $3.3 billion for education, over $715 million for the racing and breeding industry, over $170 million for local governments, and currently employ over 5,500 New Yorkers.

More information on FLCR is available at www.fingerlakescasino.com. Full reports of all racetrack site financial contributions to New York State are available at nylottery.ny.gov.

 

 

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