BUT YOU CAN NEITHER CASH NOR BUY A NY STATE LOTTERY TICKET EVERY DAY OF THE YEAR AT NASSAU OTB, A PUBLIC BENEFIT CORPORATION. IF YOU WANT TO BUY A BRIDGE CONTACT THE BELOW PEOPLE BECAUSE THEY ... DO THE RIGHT THING? NAH
NEW YORK’S LOTTERY AND VLT 2013-14 RECORD PROFIT HITS $
3.17 BILLION: HIGHEST AMOUNT EVER IN HISTORY OF NORTH AMERICAN LOTTERIES
FOR A SINGLE BENEFICIARY – NYS SCHOOLS
SCHENECTADY,
N.Y. – The New York State Gaming Commission today announced traditional
Lottery sales and video lottery net win for fiscal year 2013-2014
totaled $9.23 billion, producing a profit
of $3.17 billion for education, a 4.2 percent increase over fiscal year
2012-2013.
This marks the 14th consecutive year of growth in revenue for the most profitable Lottery in North America.
“We
are proud of the significant contribution the Lottery makes to support
New York’s schools and we are very pleased to have set yet another sales
record for the
past fiscal year,” said Robert Williams, Acting Executive Director of
the New York State Gaming Commission. “We look forward to continuing
this record of success in the future.”
Total
sales and net win increased $292.2 million or 3.3 percent over the
prior year. Profit for education increased $127.2 million or 4.2 percent
over the prior year.
The Traditional Lottery business benefited from strong growth of the
Mega Millions game, including the second highest jackpot of $648 million in December 2013. In addition, there was continued growth in
Quick Draw due to better market penetration and retailer support efforts. Increases in video lottery net win
(total bets less prizes)
and profits were reported at five of the nine of the Video Lottery Gaming facilities, led by Resorts World Casino New York City.
All
Lottery profits go to funding K-12 education in New York State. The
Lottery’s fiscal year 2013-2014 profit of $3.17 billion represents
approximately 15 percent of total state aid to local
school districts.
Traditional Lottery:
The Traditional Lottery business includes draw games such as
Powerball, Mega Millions, and Numbers, and scratch-off games such as
Win for Life and Cashword. Traditional Lottery sales increased 2.9 percent or $205.3 million with a $2.26 billion profit, a result of increases in
Mega Millions, Numbers, Win 4 and Quick Draw. The aid to
education generated through the combination of all Traditional Lottery
games increased 3.6 percent or $78.3 million.
Sales for
Mega Millions increased substantially during a roll up that started
on October 4 and produced the second highest jackpot of $648 million
before being hit on December 17, 2013. Strong sales for
Powerball were also recorded for a roll up that ended on May 18, 2013 with a jackpot of $590.5 million.
Quick Draw sales increased 12.8 percent or $74.2 million over the
previous year. Increased promotion and advertising contributed to
sales increases of 3.1 percent and 4.7 percent for
Numbers and Win 4 respectively.
Sales for
Lotto declined 14.1 percent and sales for scratch-off games decreased 1.3 percent from the previous year.
Video Lottery Gaming:
Video Lottery Gaming generated a record $1.91 billion in net win and $916.4 million in profit. Resorts World Casino alone contributed $792.6
million in net win and $368 million in profit for education. The year-over-year increase in net win from all nine
Video Lottery Gaming facilities totaled $87 million or 4.8 percent, with an increase in profit for education of $48.9 million or 5.6 percent.
·
Annual
net win from Resorts World Casino totaled $792.6 million, an increase
of $96 million or 13.8 percent from the prior fiscal year.
·
Net
win for Batavia Downs Gaming totaled $47.1 million, an increase of $2
million or 4.4 percent, largely attributable to an October 2013
expansion of the gaming floor.
·
Finger
Lakes Gaming and Racetrack’s net win totaled $130.8 million, an
increase of $1.2 million or 0.9 percent, due in part to the opening of
an expanded gaming floor.
·
Empire City Casino at Yonkers Raceway achieved annual net win of $547.2 million, an increase of $1.9 million or 0.3 percent.
·
Saratoga
Casino and Raceway, the oldest of the state’s Video Lottery Gaming
facilities, realized an annual net win of $158.9 million, an increase of
$200,000 or 0.1 percent.
The remaining Video Lottery Gaming facilities posted net losses year-over-year due to a variety of factors, including weather.
Where Lottery Money Goes:
·
Overall,
96 percent of the Lottery’s $9.23 billion in combined sales and net win
was returned to New Yorkers in the form of prizes, aid to education,
and commissions to retailers and
video gaming facilities.
·
Prizes paid totaled more than $4.3 billion from Traditional Lottery games.
·
Aid to education totaled $3.17 billion.
·
Commissions
paid to more than 18,000 Traditional Lottery retailers and nine Video
Lottery Gaming facilities totaled $1.29 billion. The Lottery paid $439
million in commissions to Traditional
Lottery retailers and $851 million in commissions to Video Lottery
Gaming facilities.
·
The
entire operation of the Traditional Lottery, including advertising,
marketing, printing, systems, telecommunications, finance and
administration is funded from just 4 percent of
sales.
About the New York Lottery
The
New York Lottery continues to be North America’s largest and most
profitable Lottery, contributing $3.17 billion in fiscal year 2013-2014
to help support education in New York State. The
Lottery’s contribution represents 15 percent of total state education
aid to local school districts.
New
York Lottery revenue is distributed to local school districts by the
same statutory formula used to distribute other state aid to education.
It takes into account both a school district’s
size and its income level; larger, lower-income school districts
receive proportionately larger shares of Lottery school funding.
About the New York State Gaming Commission
The
New York State Gaming Commission regulates all aspects of gaming and
gambling activity in the state, including horse racing and pari-mutuel
wagering, class III Indian gaming, video lottery
terminal facilities at race tracks, the state lottery and charitable
gaming.
###
HI-
Thanks for
the help. The item’s below. I’d be happy to mail you a copy,
if you give me a mailing address.
Claude
Solnik
(631)
913-4244
Long
Island
Business News
2150
Smithtown Ave.
Ronkonkoma, NY 11779-7348
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