New York State Division of the Lottery Publishes Fiscal Year 2011-2012
Revenue Generated by Monticello Casino and Raceway
Monticello Casino and Raceway’s Revenue to Education Equivalent
to 350 Teachers’ Salaries
MONTICELLO, N.Y., (April 10, 2012) — Monticello Casino and Raceway generated $24,443,637 million for education during the 2011-2012 fiscal year, according to recently released data by the New York State Division of the Lottery. 39 percent of the facility’s net win goes directly to the Lottery to fund education.
“Monticello Casino and Raceway is proud of the funding we generate to support education,” Empire Resort’s Chairman of the Board Emanuel Pearlman said. “We look forward to continuing to generate even more funds to support education and help to ease the burden on taxpayers as we pursue our plans for a new facility at the Concord Resort property.”
In 2011-2012, revenue generated by Monticello Casino and Raceway for education was equivalent to the annual salaries of approximately 350 teachers. Since opening in 2004, Monticello Casino and Raceway has generated more than $223 million in education funding for New York.
In addition to the Lottery, Monticello Casino and Raceway also supports the local community and in June 2011, the host communities of Monticello Casino and Raceway received $795,000 in aid payments.
More information on Monticello Casino and Raceway is available at www.monticellocasinoandraceway.com and the full New York State Division of the Lottery report is available at www.nylottery.ny.gov.
