Monday, April 9, 2012
Tioga Downs Casino Generates more than $108 Million for New York's Education
Tioga Downs Casino's Contribution Equivalent to 330 Teachers' Salaries
New York Lottery's Data for Fiscal Year 2011-2012 Reflects Extraordinary Revenue Generated By Tioga Downs Casino
Tioga Downs Casino generated more than $23,093,549 million for education during the 2011-2012 fiscal year, according to the recently released data by the Division of Lottery. As part of Tioga Downs Casino's ongoing support of New York's education, 37 percent of Tioga Downs Casino's net win is given to the Lottery to fund education.
"Once again we have seen steady growth with the monies going to education and local government. For that we thank our customers and the lottery for working with us to constantly improve our product which allows us to continue to grow and increase our support of education," states Jeff Gural, CEO and Chairman of American Racing and Entertainment.
In 2011-2012, revenue generated by Tioga Downs Casino for education was equivalent to the annual salaries of approximately 330 teachers. With education budgets consistently tightening, this revenue will allow for students throughout New York State to continue to earn a high-quality public education. Since opening in 2006, Tioga Downs Casino has generated more than $108,263,587 in education funding for New York.
In addition to these financial contributions to the Lottery, Tioga Downs Casino also contributes to the state and supports the local community. In the same fiscal year (2011-2012), Tioga Downs Casino has contributed $2,146,643 in aid to struggling local governments.
The full Lottery report is available at www.nylottery.ny.gov.