Monticello Casino and Raceway generates $24.4 million for state education

Mid-Hudson News

Monticello Casino and Raceway generated $24.4 million for education in New York State during the 2011-12 fiscal year, according to data released by the New York State Division of the Lottery. A total of 39 percent of the facility’s net win goes directly to the Lottery to fund education.

In 2011-2012, revenue generated by the facility for education was equivalent to the annual salaries of some 350 teachers, officials said. Since opening the racino in 2004, the operation has generated more than $223 million in education funding for New York.

Monticello Raceway and Casino also supports the local community. In June 2011, the host communities received $795,000 in aid payments.