NYGA members raised gross gaming revenue of $1.9 billion in 2014 and $864 million was distributed to education, bumping up the total that has been generated for the state’s schools to $5.5 billion since 2004. There are also 6,000 employees working directly for the NYGA’s nine members and in total it is estimated that 30,000 jobs are supported.
The NYGA distributed more than $238 million to racing and breeding in 2014, while $76 million was given to state and local governments and $51 million was generated in capital investment. Hundreds of charitable organisations have also been supported across the state and NYGA president James Featherstonhaugh is proud of all the work that has been done.
Thanking the NYGA’s members for having such a positive economic impact on the state, Featherstonhaugh said: “Our nine member properties have grown into a $3 billion industry that supports a myriad of local small businesses, from bakeries and dry cleaners to family farms and breeders, that help anchor local economies across the state. This past year, our members generated nearly $900 million for schools, supported 30,000 jobs, and paid more than $76 million in state and local taxes and aid.”
There are also personal testimonies in the report from individuals who have witnessed the NYGA’s good work in the community. Jeff Cannizzo, the Executive Director of NY Thoroughbred Breeders, said: “The revenue generated at Finger Lakes Racetrack over the years has supported our breeders and farms, along with injecting much-needed revenue and jobs in upstate communities like the Finger Lakes region.”