Monday, April 25, 2022
It's been quite a while since we checked on how Florida's racinos are faring, so here goes:
A. Who is handling the most money? Figures are from July 1, the beginning of the fiscal year, through Feb. 28, the latest info available from the Dept. of Pari-Mutuel Wagering. Figures are known as 'credits in.'
1. Flagler Dog Track (Magic City Casino): $1,303,062,095.
2. Hialeah Park: $1,083,492,585.
3. Miami Jai-Alai: $1,031,340,915.
4. Calder Casino: $961,072,133.
5. Pompano Park (Isle Casino): $959,547,701.
6. Gulfstream Park: $579,223,817.
7. Dania Jai-Alai: $$468,199,056.
8. Hollywood Dog Track (Big Easy Casino): $447,809,587.
B. Whose net slot revenue is the highest? Order is not the same as above since each entity has a different takeout. The takeout is listed after the revenue number, followed by the state tax, which reduces net revenue by that amount.
1. Flagler Dog Track (Magic City Casino): $80,448,475 (6.58%). $28,156,966.
2. Pompano Park: $79,659,587 (9.42%). $27,880,855.
3. Calder: $65,100,885 (8.68%). $22,785,310.
4. Miami Jai-Alai: $64,045,615 (7.73%). $22,415,965.
5. Hialeah Park: $63,811,064 (6.50%). $22,333,872.
6. Gulfstream Park: $34,909,263 (8.26%). $12,218,242.
7. Dania: $28,856,420 (8.18%). $10,099,747.
8. Hollywood: $27,198,589 (7.86%). $9,519,506.
The total amount of dollars bet as a group comes to $6,833,747,890 (that's billion). The total slot revenue comes to $444,029,897, and the state fares by far the best, collecting $155,410,464 in taxes. Remember, only two-thirds of the fiscal year has been reported - four months to go.
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