Backing up Governor Andrew Cuomo’s contention that New York state would benefit from full-fledged casino gambling operations, the state raked in $5.4 billion in 2010, more than its neighboring rivals and ranking third behind longtime gaming states like Nevada/Las Vegas and California.
And that’s without any help from newkid on-the block Resorts World Casino at Aqueduct in Ozone Park, which spun its first wheel last October.
Citing earnings statistics from the Daily News, Assemblymember Phillip Goldfeder (D–Rockaway) said that “Resorts World at Aqueduct topped the nation in slot machine revenue for the month of May, generating $57.5 million.”
Goldfeder said that was $7 million more than Foxwoods Resort Casino and $2 million more than Mohegan Sun Casino, both in Connecticut.
“These numbers alone should be enough to prove that enhanced gaming at Resorts World at Aqueduct racetrack will only benefit Queens and all of New York state,” Goldfeder noted.
And thanks to Cuomo’s hefty push, the legislature started the ball rolling toward a constitutional amendment authorizing legalized gambling in New York state during the session earlier this year.
According to Casino City Press, in its newly released North American Gaming Almanac, the state’s eight casinos and other gambling operations’ $5.4 billion placed it third behind Nevada, the earner in 2010 with $10.5 billion and California ($9.7 billion). Meanwhile, our state’s major rival, New Jersey, finished fourth with $4.4 billion in 2010, which was $2 billion less than the previous year.
Goldfeder said the $5.4 billion earned by NYS included $1.05 billion from Native American run casinos in the state, $2.8 billion from the lottery and $1.08 billion from slots parlors at racetracks. The lawmaker also noted that while Cuomo’s plan to build the largest convention center in the world at Aqueduct has been put aside for now, the project still has great potential to further revitalize Queens by creating more jobs for locals and other residents.
Meanwhile, it was reported in a New York Poststory that the Resorts World (racino) returns more in payouts (97 percent) to winners than any other racino in the state, which give back about 91 or 92 percent, according to racino financial reports.
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LOTTERY EXPO 2013
Co-Hosted by PGRI and the
Florida Lottery
November 4 to 7, Miami, Florida,
Trump Miami Beach Hotel
18001 Collins Ave., Sunny Isles Beach, Florida
Phone: Domestic: 855.244.2964 International: 786.522.3523
**Use Group Code 10W820 to get our
special rate
Monday, November 4: 5:00: Opening Night Reception
Tuesday, Nov. 5: U.S. focused conference sessions; Reception 5:00 to 6:30 pm.
Wednesday,Nov. 6: Joint U.S. and Latin America Sessions; Reception 5:00 to 6:30 pm.
Thursday, Nov. 7: Focus on Latin America
Three Receptions and luncheons provide lots of time to visit with colleagues For complete Lottery Expo info, including registration materials and conference updates: PublicGaming.org Conference Venue: Trump Miami Hotel - Limited special rate of $175 Reserve your room click here online booking
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SMART-TECH 2013
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Thank you to all
of you who presented, served on a
panel discussion, and participated
at Smart-Tech. This was PGRI’s
fourth annual event in NYC and has
become a great venue for lotteries
to delve into the most relevant
issues of the hour, and we so
appreciate the privilege of hosting
it and visiting with you. The next
issue of PGRI Magazine will include
an in-depth analysis of the issues
we explored. Too, the conference
was video-recorded and will be made
freely available to everyone on
www.PGRItalks.com. We’ve
received much positive feedback and
hope that everyone accomplished
their objectives. Our next event
will be held at the Trump Miami
Beach Hotel on November 4, 5, 6, and
7th. Lottery Expo Miami
is especially exciting for the
participation from our colleagues in
Latin America. The North America
track is on Tuesday, the LatAm track
on Thursday, and we all come
together on Wednesday. Thanks to the
support of our commercial partners
and sponsors, the hosted receptions
held every night of the conference
have become a wonderful venue to
talk with industry leaders from all
around the world. Please check in at
www.PublicGaming.org for PGRI
conference updates. Thank you again
- We look forward to seeing you
again. Please e-mail me (pjason@publicgaming.com)
with any questions, feedback,
guidance, or comments of any kind.
Smart-Tech 2013 was held
April 8,
9, 10, 2013
at the Helmsley Park Lane,
New York.
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2012 Public Gaming Magazines
PUBLIC GAMING OCTOBER/NOVEMBER 2012
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PUBLIC GAMING SEPTEMBER 2012
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Click here to read the regular .pdf version
PUBLIC GAMING MAGAZINE MAY/JUNE 2012