New York Sees 6.2% Increase in Tax Contributions over July 2012
(Albany, NY) The New York Gaming Association reported today that July gross gaming revenue from its nine members was $166,258,506 with $111,743,723 of tax revenue going to the State.
That amount was 5.4% higher than revenue generated in July 2012 when revenue hit $157,767,792. Taxes generated by NYGA members for the State in July of 2012 totaled $105,265,074. One year later, NYGA members increased that number by 6.2%.
For the month of July, nearly $75 million went to education; over $20 million went to the racing and breeding industry and more than $16 million to support the lottery’s video gaming operations.
|New York||Jul-13||Jul-12||Difference||% Change|
|Gross Gaming Revenue||166,258,506||157,767,792||8,490,714||5.4%|
July NYS Distributions
|Racing and Breeding||20,179,510||18,465,753||1,713,757||9.3%|
|VLT Lottery Program||16,625,851||15,776,779||849,072||5.4%|
To date in 2013, NYGA members have generated over $520 million for education and over $138 million for the racing and breeding industry.