aid to education includes a working knowledge of ny const art 1 sec 3 or andrew cuomo obtaing a formal opinion on whether ny pml sec 109 is constitutional and or applies to nassau otb.
some people are beyond.....?
Claude Solnik
Long Island Business News
2150 Smithtown Ave.
Ronkonkoma, NY 11779-7348
Home > LI Confidential > Stop scratching on holidays
Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
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For Immediate Release – May 13, 2019
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NEW YORK LOTTERY & VIDEO LOTTERY GAMING BECOME FIRST IN THE NATION TO BREAK $10 BILLION IN COMBINED SALES & NET WIN IN A SINGLE FISCAL YEAR
Record profits generate $3.47 Billion in Lottery Aid to Education in FY2018-2019, a $102 million increase over FY2017-2018
Commission earns the gaming industry’s highest responsible gaming recognition during record-setting year
The New York State Gaming Commission’s Lottery and Video Lottery operations today reinforced their collective standing as North America’s largest and most profitable Lottery businesses by becoming the first to break $10 billion in combined sales and net win for the fiscal year ending March 31, 2019. Combined, the record-breaking earnings generated $3.47 billion in Lottery Aid to Education which accounts for 13 percent of all New York State School Aid disbursed in FY2018-2019.
Fiscal year sales of traditional Lottery games, comprised of in-state draw games, multi-state games, and instant scratch-off tickets, totaled more than $8.2 billion. The total makes New York’s state-administered lottery the 7th most profitable in the world, surpassed only by the two National Lotteries of China, and those of Italy, France, Spain and the United Kingdom. Video lottery gaming net win (proceeds after all prizes have been paid) amounted to more than $2.08 billion during the same period, besting all other American video lottery gaming operations and is third behind two Italian independent operators.
“New York’s long history of increasing earnings for New York’s public K-12 schools is a direct result of sound business planning, mature and responsible stewardship of our lottery and video lottery products, and a fundamental continuous improvement effort,” said Commission Acting Executive Director Robert Williams.
In addition to fulfilling their primary mission of raising revenue to support education, the Commission’s Lottery and Video Lottery Gaming operations also generated significant revenue for New York businesses – large and small – during FY 2018-2019. Licensed Lottery retailers earned $492 million in commissions and video lottery gaming operators netted $964 million during the same 12-month period.
New York’s Gaming Commission is one of eight gaming jurisdictions in North America to earn the global gaming industry’s highest level of achievement – Level 4 Certification – from the World Lottery Association. The accreditation recognizes the Commission for incorporating responsible gaming principles into its everyday business practices and its commitment to continuous improvement.
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