Aqueduct Raceway is touting its successes today, saying it brought in revenues of $57.5 million in May and surpassed the largest casinos in Connecticut and Las Vegas.
The success of the racino at Aqueduct has impacted Yonkers Raceway, which is 15 miles from midtown Manhattan and is the second largest racino in New York. In May, Yonkers brought in $47 million in net win—the amount of money left after payouts to winners. In May 2011, it was about $10 million more, a total of $57 million.
Yonkers has also cut back on its number of video-lottery terminals. In May, the track had 4,885 VLTs. In May 2011, it had 5,354, according to the state Lottery.
The win per machine for Yonkers—a key indicator of profitability—was $342 a machine in May 2011. Last month, it was $309.
The win per machine for Aqueduct in May was $375 and it had 4,943 machines.
Resorts World touted its numbers as it seeks full-scale casinos under a plan by Gov. Andrew Cuomo and the state Legislature to legalize casino gambling. It also is trying to show that giving the casinos to private vendors might hurt the aid the state gets for education, which gets about 45 percent to 50 percent of the gambling revenues.
Yonkers is also pushing for legalized gambling and told Gannett’s Albany Bureau last week that it might open a convention center, hotel and arena if it can add table games.
The Resorts World press release also includes a quote from Yonkers Assemblyman Gary Pretlow, who is chair of the Assembly Racing and Wagering Committee.
“As New York State proceeds down the path of full legalized gaming, it is crucial that taxpayers and students not get shortchanged in the process,” Pretlow said in a statement. “As evidenced by Resorts World’s May figures, the state’s education system greatly benefits from our current gaming structure. Any changes to that structure must ensure that students get more, not less, of the revenue that gaming brings to the state.”