The New York Gaming Association, the lobbying arm for the state’s nine racinos, released its first annual report today, pointing to the success the facilities have had.
The group is pushing the state Legislature and Gov. Andrew Cuomo to support letting the tracks expand to have table games and thus be full-fledged casinos. But Cuomo has indicated he will pursue a competitive bidding process for three upstate casinos.
In 2012, the nine tracks contributed $823 million for education and provided a $1.7 billion impact on the state’s economy, the group said in its report.
“It goes beyond the numbers. Our members have a special commitment to the communities in which they operate,” said the group’s president, James Featherstonhaugh, an Albany lobbyist and a part owner of the Saratoga Race Track. “The most important facet of the New York gaming model is that it is by, for and about New Yorkers. And as this report shows, our nine existing facilities are tremendous economic assets that should be nurtured and developed.”
Revenue from the tracks have soared in recent years, helping the state lottery reach $9 billion in revenue in 2012.
The group is also this web video: