The revenues from the racinos and lottery are always considered in the state budget. The money from them should be bonuses to the system, not its normal funding.
Batavia Downs announces increase in revenue going to education
Submitted by Howard Owens on July 17, 2012 - 8:05am
Press release:
Batavia Downs Casino generated more than $11.5 million for education during the first two fiscal quarters of 2012 (January - June), according to the recently released data by the Division of Lottery. As part of Batavia Downs Casino’s ongoing support of New York’s education, 51 percent of Batavia Downs Casino net win is given to the New York Lottery.
“We’re proud to our contributions to New York State Education, year after year," said Mike Kane, president and CEO of Batavia Downs Casino. “Compared with the revenue generated last year in the same time period, we’re looking at major growth.”
Batavia Downs’ contributions from January – June in 2011 were 9.86 million dollars, making this year’s contribution a 17-percent increase from last year. Since opening in 2005, Batavia Downs Casino has generated more than $120 million in education funding for New York.
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July 17, 2012 - 9:12am
#3
July 17, 2012 - 9:14am
#4
Jason they can take loans out like everyone else. Not everyone needs a college degree and as far as I can tell they are cost prohibitive for most professions.
July 17, 2012 - 9:53am
#5
Not everyone needs a college degree? Somebody better tell State Ed.
July 17, 2012 - 2:08pm
#6
You would think they would raise the purses like other tracks do. With out the races there is no casino
July 17, 2012 - 2:19pm
#7
Paul,
I think you find that they don't need the races for any reason other than to be allowed to stay open. The casino is where the money is.
July 17, 2012 - 3:37pm
#8
John you are right, but as you said they need them to stay open to get that money.
July 18, 2012 - 7:33am
#9
As Pete stated; the gambling revenues from all of NYS Lottery operations are thrown in the general pot. It would be nice if they built a seperate fund just from these monies to defray the cost of school operations. It would be a relief to the over burden home owner.
Student aid is being cut to needy students whom are qualified to go to college. Does Batavia Downs provide scholarship opportunities to Genesee Community College students?