Aqueduct Racetrack: No Longer Just For Horse Racing

Rob Gregorka
Updated: November 12, 2011 -- 2:55 PM ET

Las Vegas, NV -- As Many of you may have heard, Aqueduct Racetrack has opened New York's first "racino." A racino is a combination of racetrack and a casino with video slot machines. The new form of gaming is expected to bring millions in additional revenue to The New York Racing Association (NYRA), and the state of New York as a whole. Aqueduct's racino is called "Resorts World Casino New York," and has 4,525 video slot machines, with 475 electronic games, including table games. These are just the first amounts, as Resorts World plans on adding thousands more.

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Located in Queens, N.Y., the new racino will attract millions of would be Atlantic City customers. Being that a great deal of Atlantic City's customer base comes from New York and Connecticut, it will cut into their profits significantly. This is also a main reason for the NYRA to foresee N.Y. racing becoming the top place for horse racing in the world. Due to the millions of additional revenue, the horse races will be able to offer much larger purses. It is estimated the racino will bring in $30 million more for the race purses and an overall 36 percent increase for the 2012 meet.

With a portion of the money going towards the horse racing, New York's tracks are sure to attract even better racing competition to the state. New York is already one of the most successful horse racing states, and racinos are only guaranteed to make them the most profitable for everyone involved. From the NYRA, to the horse owners, trainers, jockeys and bettors, the racino will provide extra revenue and certainly has a bright future.

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