{"id":19984,"date":"2018-10-16T11:24:18","date_gmt":"2018-10-16T15:24:18","guid":{"rendered":"https:\/\/www.saratoga.com\/daily-planet-arthur\/?p=19984"},"modified":"2018-10-16T11:31:33","modified_gmt":"2018-10-16T15:31:33","slug":"thanks-a-billion","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/daily-planet-arthur\/2018\/10\/thanks-a-billion\/","title":{"rendered":"Thanks a Billion!"},"content":{"rendered":"

Saratoga Casino Hotel Contributes One Billion Dollars to New York State Education<\/em><\/strong>
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Left to Right: Daniel Gerrity, President of Saratoga Casino Hotel; New York State Senator Kathy Marchione; Alex Tucker, General Manager of Saratoga Casino Hotel and New York State Assemblywoman Carrie Woerner.<\/figcaption><\/figure><\/p>\n

SARATOGA SPRINGS \u2013 Saratoga Casino Hotel has reached a monumental achievement in the history of the 77 year-old property. Since expanding their historical harness track into New York State\u2019s debut VLT facility in January of 2004, the casino has contributed one billion dollars to New York State Education. The milestone was officially met on Saturday, October 6.<\/p>\n

On average, Saratoga Casino Hotel contributes 48% of their total gaming revenues to New York State Education on a weekly basis. The funds are allocated to the New York State Education Fund where they are then dispersed across the region and state accordingly. Of the 9 gaming facilities who are members of the New York State Gaming Association, Saratoga Casino Hotel is just the third property to surpass the billion dollar threshold for education contributions.<\/p>\n

\u201cSince opening the doors to our casino in 2004, we\u2019ve worked diligently to develop an historic harness track into a strong entertainment destination for our region and New York State,\u201d said Daniel Gerrity, President of Saratoga Casino Hotel. \u201cThis is something we\u2019re very proud of, and we could not have achieved this without the commitment of our team members, unions and trades staff.\u201d <\/p>\n

Numerous capital improvements and property expansions throughout the casino\u2019s 14 years have led to consistent employment growth and development – the most significant of which came in 2016 with the addition of the casino\u2019s 117-room hotel and Morton\u2019s\u00ae The Steakhouse. Prior to the casino, Saratoga Harness Racing Inc. consisted of just 35 full time employees and 100 seasonal team members with a $1.8 Million annual payroll in 2003. Today, Saratoga Casino Hotel employs 620 with an annual payroll that exceeds $22 Million. In addition, there are over 200 others employed on the race backstretch as a direct impact of harness racing in Saratoga.<\/p>\n

\u201cWe\u2019re very grateful for the employment opportunities and financial support that have been provided to Saratoga County and the state as a direct result of Saratoga Casino,\u201d said New York State Assemblywoman Carrie Woerner. \u201cThe casino has consistently demonstrated good community stewardship along with a strong reliance on purchasing goods and services from local businesses. We congratulate them on the significant achievement of contributing One Billion Dollars to New York State Education.\u201d<\/p>\n

With one full year of operating the new hotel and property expansion, Saratoga Casino Hotel amassed a $222 Million Dollar statewide economic output in 2017. That figure accounts for the total payroll for their employees, operations expenses, support for racing, and statewide education contributions.<\/p>\n

\u201cWe are dedicated to continual improvements and capital investments that will enable Saratoga Casino to remain a regional economic driver in an increasingly competitive market,\u201d said Gerrity. \u201cWe\u2019re confident these investments will allow us to prosper in the future and further our support of New York State Education.\u201d<\/p>\n

Since opening in 2004, Saratoga Casino has also spurred significant economic activity in both Saratoga Springs, and Saratoga County. The casino has contributed approximately $9.3 Million to the city of Saratoga Springs and $3.1 Million to Saratoga County respectively. The contributions do not account for the local vendors and regional businesses utilized by Saratoga Casino, which in 2018 alone are estimated to account for $19.6 Million in spending.<\/p>\n

Saratoga Casino Hotel is also responsible for a significant impact on regional agriculture and equine businesses. Each year, the casino generates approximately $20 Million towards New York\u2019s agriculture business. This encompasses the racing purses won by owners, drivers and trainers that are then re-invested towards purchasing feed from local farms, receiving veterinarian and blacksmith services. Since the introduction of the casino\u2019s VLTs in 2004, $150 Million has been directly added to purses and have been responsible for adding an additional 600 racing programs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saratoga Casino Hotel Contributes One Billion Dollars to New York State Education SARATOGA SPRINGS \u2013 Saratoga Casino Hotel has reached a monumental achievement in the history of the 77 year-old property. Since expanding their historical harness track into New York State\u2019s debut VLT facility in January of 2004, the casino has contributed one billion dollars […]<\/p>\n","protected":false},"author":127,"featured_media":19988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[412,8],"tags":[1115,542],"class_list":["post-19984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","category-sports","tag-billion","tag-saratoga-casino-hotel"],"yoast_head":"\r\nThanks a Billion! - The Daily Planet Arthur<\/title>\r\n<meta name=\"description\" content=\"Saratoga Casino Hotel Contributes One Billion Dollars to New York State Education\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/daily-planet-arthur\/2018\/10\/thanks-a-billion\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Thanks a Billion! 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