The New York Gaming Association (NYGA) has used its 2014 annual report to detail the benefits gambling can offer to various industries across the US state.
The organisation reported that its members generated gross gaming revenue of $1.9 billion (€1.7 billion) in 2014, with $864 million of this being deducted and distributed to education in New York.
The NYGA noted that since 2004, its members have contributed almost $5.5 billion to schools across the state.
Aside from education, the NYGA report also includes examples of how gambling activity in the state has helped other industries and business.
The report features examples of various small business owners, elected officials, breeders, construction and those in supply chain employment that have benefited from the state’s gambling industry.
In 2014, NYGA members contributed $213 million in support of the state’s racing industry while $76 million in tax was distributed to state and local governments.
In addition, $51 million was raised in capital investment while $1.5 million was distributed through voluntary charitable giving.
NYGA president James Featherstonhaugh said: “We have become a $3 billion industry that supports 30,000 jobs.
“From bakeries and dry cleaners to family farms and breeders, many individuals, families and small businesses benefit from the presence of a NYGA facility in their community.”
source : www.igamingbusiness.com