Long Island Shooters Forum banner
1 - 10 of 10 Posts

·
Registered
Joined
·
1,182 Posts
Discussion Starter · #1 ·
New York Lottery slot machines placed in casinos and meant to help fund education have under delivered to school children by some $1.7 billion and have instead have deepened the pockets of casino owners, according to a Buzzfeed News investigation.
Sixty-percent of profits from the slot machines were originally supposed to go to schools across the state. Instead, the earnings being sent to schools is just 45 percent, Buzzfeed found.

The $1.7 billion that schools have missed out on over the life of the program could have paid for 2,300 teachers at median salary for 10 years or 24 million textbooks, Buzzfeed reported.
Over the past three years, schools have missed out on $250 million per year, enough money to fund pre-kindergarten for every low-income family in New York City, Buzzfeed found.
More from Massapequa Patch

Just weeks after 9/11, New York passed an emergency law that expanded the state lottery to include "video lottery terminals" (VLTs) - video slot machine games designed to give a jolt of funding in the aftermath of the terrorist attack.
The original requirement was 60 percent funding back to schools. When the program opened in 2004, that number was 61 percent, Buzzfeed said.
But the program hasn't hit that number since, as casino operators who run the machines have argued and lobbied for a bigger cut of the earnings.
The casinos' cut was supposed to be just 25 percent. Now, they're pulling in 45 percent of their own, according to Buzzfeed. Who didn't see this coming? You're going down andy
 

·
Sipping tea and saying it's none of my busines
Joined
·
1,249 Posts
"Just weeks after 9/11, New York passed an emergency law that expanded the state lottery to include "video lottery terminals" (VLTs) - video slot machine games designed to give a jolt of funding in the aftermath of the terrorist attack."

New York Governors and these emergency laws.

"What? A whole bunch of people died in a horrible tragedy? FANTASTIC!"

::rubbing hands together::

"How can we make this work for us?! What do we have on the agenda?"
 

·
Premium Member
Joined
·
3,185 Posts
I think I'd rather see the casinos get the money. The schools would waste it on gender sensitivity and diversity programs and teacher pensions. Better to have casino moguls lighting their cigars with $100 bills.
 

·
Grand Poobah
Joined
·
21,090 Posts
Pretty funny way this thing is written if you ask me.

So organized crime ( the State Government) allows gambling as long as they get their vig.
It's ear marked for schools. ( for the children) And Casino "fatcats" stole $1.7 billions out of these poor children's mouths because they only paid 45% vig instead of 60%.

How dare these people want to keep more of the money they made?

Oh the Horror!!!
 

·
win support for firearms - train a new shooter
Joined
·
1,671 Posts
I'd rather do away with the lottery and state run gambling

Originally it was to improve education
then it was to offset my tax dollars that paid for education
now it seems like the money the state doesn't have to spend on education goes into some politicians pocket and his buddies
 

·
Registered
Joined
·
15,344 Posts
In NY State - if it is illegal we can pass a law and fix that.
 

Attachments

1 - 10 of 10 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top