$500 Million In State Revenues Projected From New Racino

New York State, that is.

A new “racino” with only electronic gambling is set to open next month at Aqueduct Racetrack in Jamaica, NY.  The facility is expected to generate $10 billion in annual betting, $500 million in annual revenue to the State of New York, and 1300 jobs.  The $10 billion bet at Aqueduct will top the $7 billion annual handle at the Empire City Casino at Yonkers Raceway.

So says today’s New York Post.

The Meadowlands Racetrack is closer to Mid-town Manhattan than Jamaica or Yonkers.

Would someone tell me again why New Jersey is leaving all of that money “on the table?”

Posted: September 21st, 2011 | Author: | Filed under: Horse Racing Industry | Tags: , , , , | 4 Comments »