Investing In New York
Distribution of Gross Gaming Revenue
Gross Gaming Revenue (GGR)/Net Win: Sometimes referred to as the hold, is the remaining net revenue after payout of winnings is returned to players, which is a true measurement of the economic value of gaming. 45% Education Revenue New York generates more revenue for education with its racetrack gaming facilities than any other state. This aid represents the largest share of revenue transferred to the Division of Lottery, the sole purpose of which is to further fund education. 12% Racing & Breeding New York’s racing industry is vast. The money generated for racing is distributed to support both thoroughbred and standard-bred racing and breeding purses, agribusiness including family farms and feed suppliers, veterinarians, blacksmiths and a host of other agrarian jobs. It also supports the New York Racing Association with revenue for capital expenditures and operations. 10% Lottery Administration & Gaming Operations Supports video lottery gaming administration, including gaming floor operations and support of payment systems. New York State’s Division of Budget may authorize the transfer of remaining revenue to the support of education. 4% Capital Investment Capital investment is a capital fund. New York’s gaming facilities are statutorily obligated to designate portions of revenues to market their facilities and to set aside capital funds used for construction/expansion projects. 29% Operations Racetrack gaming facilities are private-sector companies, generating revenue to cover the costs associated with daily operations of the facilities and the jobs they support. Those costs include wages and salaries, employee health care and benefits, utilities payments, facility maintenance and debt service, among other operational expenses.