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Volume 7 • Issue 31 saratogatodaynewspaper.com
Betting; Big Business in NY by Daniel Schechtman Saratoga TODAY SARATOGA SPRINGS – New York State’s nine racetrack casinos have generated more tax in 2012 than all casinos in Las Vegas and Atlantic City combined. The New York Gaming Association, which represents all nine of New York’s racetrack casinos, including Saratoga Casino and Raceway, reported that tax
“Saratoga Casino and Raceway alone has raised over half a billion dollars for education since we began operations in 2004.” Rita Cox Senior vice president of marketing and external affairs at Saratoga Casino and Raceway
Inside TODAY...
revenue generated by the casinos from January – June of 2012 totaled $619,511,789, as compared to $329,064,907 generated by casinos along the Las Vegas Strip and in Atlantic City. New York casinos are taxed at a 68 percent rate; Las Vegas is at 6.75 percent and Atlantic City at 8 percent. The tax rate on New York casinos is one of the highest in the country, with much of the revenue used to help fund education,
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See Racetrack Casinos page 6
The Champs are Here Auctions Begin Photo by MarkBolles.com
by Christina James Saratoga TODAY On Monday, August 6 and Tuesday, August 7, the 92nd Saratoga Fasig-Tipton yearling sales take place, bringing with it all the excitement and drama of a live, Thoroughbred auction. Reputed as the premier yearling sale in
See New York page 9
Photo Courtesy of Fasig-Tipton
pgs 20-21 Winner’s Circle pgs 23-27 Historic Homes pgs 30-31 Food
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See Fasig-Tipton page 5
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