Syracuse.com posted an article today dealing with the revenue from slot machines at racinos at thoroughbred and harness race tracks in New York State.
The article states that the gross gaming revenue generated from slot machines at racinos was $1.8 billion dollars. Of that sum, roughly 1/3 or $216 million dollars goes to capital improvements, purses and breeding fund awards. This helps owners, trainers, breeders and the ancillary staff continue to make money and be able to buy the feed, employ the grooms and keep racing going. The dollars simply show that VLT’s are helping NY Racing.