• NYTHA Home
  • About Us
    • Overview
    • Bylaws
    • Contact Us
    • Industry Links
    • NYTHA Annual Report
    • NY Equine Industry Economic Impact Study and Video
    • NY Labor Law Compliance
    • THA Affiliates
    • NYTHA Jobs
  • Organization
    • Board Committees
    • NYTHA Board Members
      • Joe Appelbaum
      • Tina Marie Bond
      • Dan Collins
      • David Donk
      • Jonathan Green
      • Leah Gyarmati
      • Patrick Kelly
      • John Kimmel, V.M.D.
      • Robert Masiello
      • Edward J. Messina, Ph.D.
      • Linda Rice
      • Richard Schosberg
      • Aron Yagoda
    • NYTHA Staff and Professionals
      • Nick Caras
      • Alan M. Foreman
      • Craig Gegorek
      • Dionne Johnson
      • Marie Kizenko
      • Abigail Klima
      • Kristen Mason
      • Jonathan McCardle
      • Maria C. Silva
  • NYTHA Membership
    • Registration
    • 2023 NYTHA Election
    • 2020 NYTHA Election
  • NYTHA At Work
    • Donate
    • Benevolence
    • Charities
    • Continuing Ed
    • Education
    • Equine Aftercare
    • Health and Social Services
    • NYTHA Videos
    • Empire Racing Club
  • News
    • Horsemen’s News
    • Newsletters
    • NYTHA Announcements
    • NYTHA EquiStar Award
  • Donate
    • Facebook
    • Instagram
    • Twitter

NY Thoroughbred Horseman's Association (NYTHA)

NY Thoroughbred Horseman's Association

The New York Thoroughbred Horsemen’s Association is committed to representing the interests of owners and trainers at the New York Racing Association tracks. NYTHA recognizes that its constituents are the lifeblood of the racing industry in New York and focuses its efforts on doing what is best for New York horsemen.

August 15, 2012

NYTHA and NYTB Respond to DiNapoli Audit

NYTHA AND NYTB RESPOND TO DINAPOLI AUDIT
 

A joint statement from New York Thoroughbred Horsemen’s Association President Rick Violette Jr. and New York Thoroughbred Breeders Inc. Executive Director Jeffrey Cannizzo, regarding the recently released audit by State Comptroller Thomas DiNapoli, and evaluation from outgoing Division of the Lottery Director Gordon Medenica:

“State Comptroller Thomas DiNapoli’s recent audit paints a false and misleading picture of Thoroughbred racing in New York. The fact is, despite a national economy still immersed in a significant downturn and a national trend that saw handle drop 7% last month, business is booming for New York Thoroughbred racing, and to paint any other picture is disingenuous. Our sport is experiencing a rebirth that has already created more jobs for New Yorkers, more revenue for New York businesses and a stronger economy for New York communities.

“In 2012, all three of the New York Racing Association meets have seen significant increases in wagering. At Aqueduct, total handle was up 22.6% from the previous year. Belmont’s handle increased 13.4% on-track, with total handle up 9.1%. Saratoga’s total handle is up 6.5% midway through the meet.

“That only tells a fraction of the story. After a four-year decline, there was a 39.4% increase in Thoroughbred foals reported in New York through May 2012, and every one of those foals creates jobs. There are new farms in the state, and existing farms are expanding. Owners who have been out of the game for more than a decade are investing once again. There were across-the-board gains at the New York-bred horse sale in Saratoga last weekend. The New York Thoroughbred industry already supports 35,000 New York workers, and that number is on the rise. And we have only had VLT revenue since the beginning of the year.

“Any hint that the revenue stream from VLTs is not stable will only serve to discourage any further growth in New York racing, and could even reverse the significant advancements we have made. With New York’s economy still struggling, the State must stick with what works to create jobs. The smart investment in horse racing is paying off for taxpayers.”

Filed Under: Letter from the President

Quick Links

  NYTHA PAC

  Affiliate Links

Dep't. of Labor Forms

  Election

  Empire Racing Club

  Equine Steroid Administration Log

  Registration

  Safety Equipment Program

  Staff

NYTHA

P.O. Box 170070
Jamaica, NY 11417
Email: info@nytha.com

Aqueduct:
Tel 718.848.5045
Fax 718.848.9269

Belmont Park:
Tel 516.488.2337
Fax 516.488.1698

Saratoga:
Tel 516.309.2334

Copyright © 2023 · NYTHA