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N E W Y O R K G
A M I N G A S S O C I A
T I O N
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0 1 5 A N N U A L
R E P O R T
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TABLE OF CONTENTSMESSAGE FROM THE PRESIDENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
OUR 9 MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
FINGER LAKES GAMING & RACETRACK $3 BILLION IMPACT. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
HAMBURG GAMING AT BUFFALO RACEWAY 27,000 TOTAL JOBS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
RESORTS WORLD CASINO NEW YORK CITY $888 MILLION FOR EDUCATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12EMPIRE CITY CASINO AT YONKERS RACEWAY $218 MILLION IN RACING SUPPORT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
BATAVIA DOWNS $27 MILLION FOR BREEDING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
TIOGA DOWNS CASINO 5,100 DIRECT EMPLOYEES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
SARATOGA CASINO AND RACEWAY $39 MILLION IN CAPITAL INVESTMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
MONTICELLO CASINO & RACEWAY $77 MILLION IN AID FOR STATE AND LOCAL GOVERNMENTS . . . . . . . . . . . . . . . . . . . . . . . . 22
VERNON DOWNS CASINO & HOTEL $2 MILLION IN CHARITABLE GIVING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
2015 DISTRIBUTION OF GROSS GAMING REVENUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
STATEWIDE ECONOMIC IMPACT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
EDUCATION REVENUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
IMPACT ON CAPITAL INVESTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
TAXES PAID BY NYGA MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
IMPACT ON STATE AND LOCAL REVENUES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
ECONOMIC IMPACT OF RACING AND BREEDING . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
PROMOTING RESPONSIBLE GAMING. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
NEW YORK GAMING ASSOCIATION: 2015 ANNUAL REPORT 3
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Welcome to the New York Gaming Association’s (NYGA) 2015 Annual Report. Our
nine member facilities, located in every region of the state, have a $3 billion economic
impact, support 27,000 jobs and provide critical and substantial support for our
schools, local governments, racing and breeding industries, construction industry and
charitable organizations.
This past year marked several notable milestones for New York state’s gaming industry.
Despite saturation concerns, our members’ facilities continue to outperform our competitors
in the Northeast regional market. 2015 witnessed major groundbreakings for NYGA
members including two new hotels at Batavia Downs Gaming as well as Saratoga Casino and
Raceway. Empire Resort’s Montreign Resort Casino project was granted a gaming license
from the New York Gaming Facility Location Board. Tioga Downs was recommended for a
license, but it is awaiting the final approvals before being granted a license. And for the first
time ever, NYGA members’ revenue in support of our schools exceeded $888 million.
We hope this report helps bring to light the many positive impacts NYGA members have
on the economic health and well-being of our host communities. As we enter 2016, we look
forward to continuing our successful partnership with the state.
James Featherstonhaugh
President, New York Gaming Association
MESSAGE FROM THE PRESIDENTBOARD OF DIRECTORS
Michael Speller
Timothy Rooney, Jr.
Daniel Gerrity
Rajat Shah
Brian Hansberry
Charles Degliomini
Jeffrey Gural
Thomas Osiecki
Michael Kane
OFFICERS
James Featherstonhaugh, President
Timothy Rooney, Jr., Vice President
Rajat Shah, Secretary
Ryan Eller, Treasurer
Michael Wilton, Executive Director
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Resorts World Casino New York City is owned by the Genting Group, the world’s largest
destination casino resort operator. The Genting Group has a combined market capitalization
of $40 billion and employs more than 50,000 people worldwide at locations including
Singapore, London and, soon, Las Vegas. Located at the historic Aqueduct Racetrack,
Resorts World Casino New York City opened in October 2011 and now boasts more than
5,000 slot and table game machines.
Yonkers Raceway was founded in 1899, with famous thoroughbreds including Seabiscuit
gracing the track over the years. The fabled Rooney family acquired Yonkers Raceway in
1972 and opened Empire City Casino in October 2006, adding to their East Coast gaming
operations. The facility now offers 5,300 slot and table game machines, live entertainment
and trackside dining.
Owned by Nichols, NY-based American Racing and Entertainment, LLC, and located inthe heart of the Southern Tier, Tioga Downs Casino offers live entertainment and dining in
addition to gaming. The track first opened in the 1970s and reopened in 2006. Since Tioga
Downs Casino opened its doors in July 2006, it has grown to include more than 800 slot
and table game machines.
Vernon Downs Casino & Hotel, also owned by American Racing and Entertainment, LLC,
opened in October 2006 and now has 760 slot and table game machines. Set in idyllic
farm country, the hotel’s 150 suites feature trackside rooms with stunning views. A recentfacilities expansion resulted in the creation of a 15,000-square-foot banquet room that
includes an outdoor rooftop terrace overlooking the racetrack and surrounding countryside.
OUR 9 MEMBERS
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Batavia Downs is the oldest lighted harness track in North America, opening in 1940. Owned and operated
by Western Regional Off Track Betting Corporation, Batavia Downs opened its gaming facility doors in May
2005 and offers more than 785 gaming machines to choose from. The facility also includes three great
restaurants for patrons.
Managed by Delaware North Companies, Hamburg Gaming at Buffalo Raceway traces its origins as a harness
racing track to 1942. Located on the Erie County Fairgrounds, it opened in March 2004 and has 940 video
gaming machines. Buffalo Raceway became a harness racing fixture with the start of the 1960s and was
considered one of the top ten tracks in America. The New York Sires Stakes, a series of statewide races for
two- and three-year-old New York-bred horses, made their debut at the raceway in 1961. This stakes series
remains a part of the current raceway program.
Monticello Casino & Raceway is owned by Empire Resorts, a publicly traded gaming and entertainmentcompany. The track has hosted harness racing since 1958, and the casino opened its doors in June 2004.
The facility boasts more than 1,100 slots and has already hosted more than 5.5 million visitors. In January
2013, the town of Thompson approved a multiphase development plan that would see Monticello Casino &
Raceway move to the famed Concord Resort site in the Catskills.
Saratoga Casino and Raceway traces its history back to 1941, when the first harness racing program was
run. In January 2004, Saratoga Casino and Raceway became the first of NYGA’s members to open its doors
and now boasts more than 1,800 slot and table game machines. The company owns and operates a casinoin Colorado and a racetrack in Kentucky. Recently, Saratoga formed a partnership with Churchill Downs
Incorporated.
Finger Lakes Gaming & Racetrack is owned by Delaware North Companies, a Buffalo, NY-based global leader
in hospitality and food service. Owned by the Jacobs family, Delaware North is one of the largest privately
owned corporations in America with more than $2 billion in annual revenue and 55,000 employees. Delaware
North operates gaming and racing facilities in six other states across the country. Opened in February 2004,
the facility has nearly 1,550 video gaming machines.
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$3 BILLION IMPACTNYGA’s facilities have a combined annual economic impactof $3 billion.
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– Steve George,
Business Representative,
Rochester Regional Workers United
“The good-paying jobs with generous benefits that Finger
Lakes Racetrack provides has a ripple effect on our local
economy, ensuring a brighter future for all our families.”
OPENED 2004, RACING 1962
493EMPLOYEES
$175 MILLIONECONOMIC IMPACT
$60 MILLIONEDUCATION FUNDING
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27,000 TOTAL JOBSNYGA facilities’ economic activity supports more than 27,000 jobs.
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GAMING OPENED 2004, RACETRACK 1942
273EMPLOYEES
$70 MILLIONECONOMIC IMPACT
$23 MILLIONEDUCATION FUNDING
– John Philip Tarantino, Jr., President,
Tarantino Foods, LLC
“ As a small, local, family-owned business, our partnership
with Hamburg Gaming allows us to provide jobs for our
employees and to continue to grow our business.”
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$888 MILLION
FOR EDUCATION In 2015, NYGA members generated more than $888 million for education,bringing the total since 2004 to nearly $6.4 billion.
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OPENED 2011
1,100EMPLOYEES
$1.2 BILLIONECONOMIC IMPACT
$366 MILLIONEDUCATION FUNDING
– Billy Easton,
Executive Director, Alliance for
Quality Education
“ New York state has a constitutional obligation to educate
every child. New York’s gaming revenues provide an
important portion of the funds our schools need.”
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$218 MILLION
IN RACING SUPPORTNYGA members have generated $1.5 billion in support of New York’s Standardbred andThoroughbred racing industries, including nearly $218 million in 2015.
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CASINO OPENED 2006, RACEWAY 1972
1,204EMPLOYEES
$825 MILLIONECONOMIC IMPACT
$282 MILLIONEDUCATION FUNDING
Joe Faraldo,
President, Standardbred Owners of
New York
“ New York’s racing, horse breeding and agriculture industries
have experienced a renaissance as a result of the state’s racing-
based VLT initiative and the SOA’s partnerships with Empire City/
Yonkers Raceway —on innovative programs such as international
simulcasting. In order to keep our industry generating thousandsof jobs and positive economic impacts, we must continue to
support and invest in New York state racing.”
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$27 MILLION FOR
BREEDINGSince 2004, NYGA members have generated over $174 million in support of the breeding industryand agricultural related businesses such as family farms, feed producers and veterinarians.
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OPENED 2005, RACING 1940
253EMPLOYEES
$83 MILLIONECONOMIC IMPACT
$22 MILLIONEDUCATION FUNDING
– Dan Phillips,
Genesee Valley Farm
“ Revenue generated by Batavia Downs provides critical
support for breeding. This funding helps farms and
breeders maintain their operations and provide horsesto the racing industry.”
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More than 5,100 employees, composed of union and management professionals,are directly employed by NYGA member facilities.
5,100 DIRECT
EMPLOYEES
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CASINO OPENED 2006, RACING 1970S
452EMPLOYEES
$103 MILLIONECONOMIC IMPACT
$22 MILLIONEDUCATION FUNDING
– Alison Meyer, Tioga Downs
Marketing Promotions and
Entertainment Coordinator
“ I grew up just down the road and, upon graduating,
was lucky enough to get an internship at Tioga Downs.
Through a series of promotions, I’m now the marketing
promotions and entertainment coordinator. At Tioga
Downs Casino, I have been given the chance to grow asa professional and live in the area that I call home.”
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Since building their original facilities, NYGA members have made capital improvementsthat exceed $1.5 billion.
$39 MILLION IN CAPITAL
INVESTMENTS
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CASINO OPENED 2004, RACEWAY 1941
561EMPLOYEES
$244 MILLIONECONOMIC IMPACT
$78 MILLIONEDUCATION FUNDING
– Jeff Stark, President,
Greater Capital Region Building and
Construction Trades
“Construction on Saratoga Casino and Raceway’s new
multimillion-dollar hotel is helping local construction
workers provide for their families now while paving the
way for long-term jobs down the road.”
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$77 MILLION IN AID FOR S
AND LOCAL GOVERNMENTState and local governments have generated over $304 millionfrom NYGA members since 2007.
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CASINO OPENED 2004, RACING 1958
ATE271
EMPLOYEES
$124 MILLIONECONOMIC IMPACT
$23 MILLIONEDUCATION FUNDING
– William J. Rieber, Jr.,
Supervisor, Town of Thompson
“The significant and much-needed tax revenue and aid
that Monticello Casino & Raceway generates helps fund
a broad range of services for the town of Thompson.
This reliable revenue stream also allows us to maintain
a balanced budget, meet the tax cap and afford some
property tax relief for our hardworking taxpayers.”
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$2 MILLION IN
CHARITABLE GIVINGA broad range of organizations and causes have received more than $9 million incharitable contributions from NYGA members since 2012.
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CASINO OPENED 2006, RACING 1953
486EMPLOYEES
$79 MILLIONECONOMIC IMPACT
$14 MILLIONEDUCATION FUNDING
– Kathleen Stress,
Executive Director, Food Bank
of Central New York
“Vernon Downs’ generous, recurring contributions
to our food bank have helped feed hundreds of
local families in need.”
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2015 DISTRIBUTION OF GROSS GAMING REVENUE
LOTTERY ADMIN & GAMING$195,096,390
CAPITAL INVESTMENT
$182,113,343
EDUCATION CONTRIBUTION
$888,374,609
RACING & BREEDING
$244,969,743
OPERATIONS
$440,409,802
9%
45%
10%13%
23%
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STATEWIDE ECONOMIC IMPACT
Jobs Wages Output*
NYGA Member
Operations
Direct employment 5,093 $180,469.4 $180,469.4
Purchasing and construction 1,052 $80,449.3 $201,153.3
Indirect and induced effects 1,877 $116,365.2 $315,111.2
Subtotal 8,022 $377,283.9 $696,733.9
State Lottery Division
Contracts
Direct impact 315 $15,490.0 $43,869.6
Indirect and induced effects 185 $12,584.8 $33,891.3
Subtotal 500 $28,074.8 $77,760.9
Support for Racing
and Breeding
Direct impact 3,540 $247,564.9 $244,969.7
Indirect and induced effects 1,658 $99,279.7 $243,312.6
Subtotal 5,198 $346,844.6 $488,282.3
Revenue for Education Direct impact 7,638 $775,710.7 $888,374.6
Indirect and induced effects 3,449 $198,377.3 $540,709.1
Subtotal 11,087 $974,088 $1,429,083.7
Out-of-State-Visitor
Spending
Direct impact 1,267 $46,126.2 $107,437.3
Indirect and induced effects 439 $28,182.7 $75,164.9
Subtotal 1,706 $74,308.9 $182,602.2
Total 26,514 $1,800,600.1 $2,874,463.0
Total EconomicImpact of NYGAMembers inNew York State,CY 2015(jobs in FTEs; wagesand output in $000s)
*Output includes wages,salaries and benefits, andthe purchase of goods andservices.
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EDUCATION REVENUE
Revenue for Education,CY 2004-CY 2015(in millions)
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IMPACT ON CAPITAL INVESTMENT
Jobs Wages Output*
Construction
Spending
Direct impact 176 $13,973.7 $31,688.4
Indirect and induced impact 113 $7,253.7 $19,521.6
Total 289 $21,227.4 $51,210.0
Direct Impact Indirect/Induced Total
State and Local
Taxes
Income tax $663.2 $344.3 $1,007.5
Sales tax $1,199.2 $167.3 $1,366.5
Total $1,862.4 $511.6 $2,374.0
Economic Impactof ConstructionSpending atRacetrack GamingFacilities,CY 2015 (jobs in FTEs;wages and output in
$000s)
*Output includes wages,salaries and benefits, andthe purchase of goods andservices.
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NYGA members pay an effective tax rate of approximately 68% on gaming revenue.
TAXES PAID BY NYGA MEMBERS
GrossGaming
RevenueEducation
Contribution
LotteryAdmin and
Gaming
Support forRacing and
Breeding
TotalMandated
ContributionEffectiveTax Rate
Resorts World $831,223 $365,738 $83,122 $132,996 $581,856 70%
Empire City $558,288 $282,227 $55,829 $55,829 $393,884 71%
Saratoga $160,919 $77,569 $16,092 $16,092 $109,753 68%
Finger Lakes $127,357 $59,905 $12,736 $12,736 $85,376 67%
Monticello $59,326 $23,137 $5,933 $5,933 $35,003 59%
Hamburg $65,227 $22,858 $6,523 $6,523 $35,903 55%
Tioga Downs $57,008 $21,722 $5,701 $5,701 $33,124 58%
Vernon Downs $39,060 $13,671 $3,906 $3,906 $21,483 55%
Batavia Downs $52,557 $21,548 $5,256 $5,256 $32,060 61%
Total $1,950,965 $888,375 $195,098 $244,972 $1,328,442 68%
Effective NYS Tax Rates(mandated payments as apercent of gross gamingrevenues) by NYGA Member,CY 2015 (in $000s)
New York and NeighboringStates Tax Rates
Jurisdiction Table Tax Slot Tax
New York Tribal 0% 25%
Connecticut Tribal 0% 25%
New Jersey 9% 9%
New York Commercial 10% 37-45%
Pennsylvania 14% 55%Massachusetts Resort Casino 25% 25%
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IMPACT ON STATE AND LOCAL REVENUES
Direct Impact Indirect/Induced Total
STATE Education revenue $888,374.6 – $888,374.6
Lottery administration
& gaming operations
$195,096.4 – $195,096.4
State income tax $9,208.2 $22,153.5 $31,361.7
State sales tax $4,276.9 $6,265.0 $10,541.9
State corporate tax $1,152.4 $2,383.7 $3,536.1
Pari-mutuel tax $2,776.2 – $2,776.2
Unemployment insurance taxes $1,774.1 – $1,774.1
Subtotal $1,102,658.8 $30,802.2 $1,133,461.0
LOCAL Aid to municipalities $29,331.2 – $29,331.2
Local income tax $1,799.3 $3,375.2 $5,174.5
Local sales tax $4,293.2 $6,087.3 $10,380.5
Real property tax $20,360.9 – $20,360.9
Water/sewer fees $1,375.3 – $1,375.3
Other local taxes, fees & payments
to municipalities
$614.9 $1,039.7 $1,654.6
Subtotal $57,774.8 $10,502.2 $68,277.0
Total $1,160,443.7 $41,304.4 $1,201,738.1
Economic Impact ofRacetrack GamingFacilities on Stateand Local Revenues,CY 2015
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RACING AND BREEDING SUPPORT
Support for Racing and Breeding Jobs Wages Output*
Direct impact 3,540 $247,564.9 $244,969.7
Indirect and induced impact 1,658 $99,279.7 $243,312.6
Total 5,198 $346,844.6 $488,282.3
*Output includes wages, salaries and benefits, and t he purchase of goods and services.
% Distribution 2015 Support
Standardbred purses 8.75% $86,833.7
Standardbred breeding fund 1.25% $12,404.8
Finger Lakes thoroughbred purses 8.75% $11,143.7
Thoroughbred breeding fund 1.25% $1,592.0
NYRA thoroughbred purses 7.50% $62,341.7
Thoroughbred breeding fund 1.50% $12,468.3
NYRA operations fund 3.00% $24,936.7
NYRA capital expenditure fund 4.00% $33,248.9
Subtotal, purses $160,319.1
Subtotal, breeding $26,465.1
Subtotal, NYRA operations and capital expenditures $58,185.6
Total Racing and Breeding Support $244,969.8
Economic Impact ofRacing and Breeding,CY 2015 (jobs in FTEs; wagesand output in $000s)
Percent Distribution ofTotal Support to Racing/Breeding/NYRA,CY 2015 (in $000s)
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History of Racingand Breeding Support,CY 2004-CY 2015(in millions)
NEW YORK GAMING ASSOCIATION: 2015 ANNUAL REPORT 33
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The New York Gaming Association is a member of the National Council on Problem Gambling. In
addition, NYGA has worked with the NY Council on Problem Gambling to establish industry-wide
programs and standards to address problem gambling and enhance programs already in place that
provide referral information to resources in New York state for problem gamblers, including the state’s
24-hour hotline. Each facility has its own voluntary self-exclusion programs that are open to anyone who
feels it is necessary. Further assistance is available from the Office of Alcoholism and Substance AbuseServices, which can be reached at 1-877-8-HOPENY or by visiting www.oasas.ny.gov.
The association and its members are active and committed to working with the state and other service
providers to ensure that assistance for problem gamblers is readily available to any and all individuals
who require it.
For more information about problem gambling and the resources
available to help, please visit KnowTheOdds.org.
PROMOTING RESPONSIBLE GAMING
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If you or someone you know has
a gambling problem, call
1-877-8-HOPENY
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New York Gaming Association99 Pine Street, Suite 210
Albany, New York 12207
(518) 436-1122
www.newyorkgaming.org