Finance

Casinos – Good for NY’s Economy

Casinos – Good for NY’s Economy

October 12, 2012
By Stephanie West

New York’s racetrack casinos have become important employers in NYS. The nine racetracks that make up the New York Gaming Association (NYGA) employ more than 5,500 New Yorkers, and have added 981 jobs over the past 12 months. Indirectly, NYGA substantial support of New York’s racing industry helps to maintain an additional 35,000 jobs in New York. This includes jobs in agribusinesses like family farmers and veterinarians.

“The New Yorkers who work at our casinos and racetracks have more than just good jobs; they have the ability to start a career in this industry, with excellent benefits and a reliable income to provide for their families,” said James Featherstonhaugh, president of the New York Gaming Association. “We are incredibly proud of that, and all New Yorkers should know that our member facilities are more than just the entertainment they provide. As New York continues its recovery, we will continue to be a partner in the economy and for education.”

NYGA members have also contributed $3.4 billion to education since 2004 – including more than $575 million so far in 2012, according to data on the New York Division of the Lottery’s website – enough to fund the annual salaries of approximately 12,400 teachers.

The New York Gaming Association is comprised of the nine racetrack casinos located at harness and thoroughbred racing venues throughout the state. NYGA members include; Resorts World Casino New York at Aqueduct Racetrack, Empire City Casino at Yonkers Raceway, Saratoga Casino & Raceway, Finger Lakes Casino & Racetrack, Empire Resorts/Monticello Casino & Raceway, Hamburg Casino at Buffalo Raceway, Tioga Downs Casino, Vernon Downs Casino & Hotel and Batavia Downs Casino.

October 12, 2012

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.