Sentences with phrase «racino revenue»

Lottery revenue grew nationally and in New York, while racino revenue, with video lottery terminals, rose as well.

The decision is critical locally, because New York Racing Association is slated to get a significant share of Aqueduct racino revenue, much of which would be spent on Saratoga Race Course improvements.

Not exact matches

«I think one of the issues that you have to really look at is if we expand a casino location or gaming are we just going to be recycling money that's already out there being spent at other racinos or perhaps some of the Indian gaming sites in the state or will we be bringing in revenue that right now may be going to a location in Connecticut or Atlantic City or what have you.»

The bill has come under fire from racino operators, who point out the revenue generated from fantasy sports wouldn't go to education.

Gordon Medenica, who has been the state Lottery Division's director the past five years and serves in an advisory role, provided a way to make up for lost lottery revenue if racinos lose business.

Gov. Andrew Cuomo has raised concerns about the different formulas by which racinos make revenue - sharing payments to the state, and has termed it a «scandal» for the way in which some racino contracts were awarded.

Negotiators where also able to come to an agreement on ensuring that revenue to state from racinos operating near potential casinos would be more equitable.

This comes on the heels of a letter sent last week by the racinos that predicted the Catskill casino would result in a loss of $ 400 million in revenue, $ 200 million in state education dollars and nearly 1,000 jobs.

Lawmakers had reached a tentative agreement on casinos yesterday, with a cap on two casinos per region and more equitable revenue sharing for racinos placed near casinos.

Based on calendar year data, revenues for racinos in New York went from $ 878 million in 2013 to $ 864 million in 2014 for a drop of almost 2 percent.

New York racino tax revenues, though, rose from $ 871 million to $ 938 million, but revenues from horse betting fell from $ 23 million to $ 22 million.

He has pledged to use revenues from the «racino» to buy $ 2 million worth of room nights each year at a 350 - room hotel he would build next to Onondaga County's convention center in downtown Syracuse.

Wilmot pledged to use $ 2 million of the racino's revenues each year to subsidize a 350 - room hotel that he said he would build next to Onondaga County's convention center in downtown Syracuse.