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Florida Casinos Headed for Record Year
Tuesday, June 20, 2017

    Florida's pari-mutuel fiscal year is 10 days from winding up, and it turns out that the casinos down south will experience more than just a minor increase in several major categories.

    In the last fiscal year, total "credits in" for the eight facilities reached more than $8.2 billion; through May 31 of this year the number is nearly $7.8 billion. With more than $700 million a month currently being generated, this will be a record year again, somewhere around $8.5 billion. The highest previous total for any one month was $795 million last year, this time around $800 million was reached three times, in October, December and March.

    Last year, the state's 35 percent tax generated $187.9 million in revenues - this year taxes will exceed $192 million. That's good news because the state's regulation of the pari-mutuel industry has been so outstanding that we now have additional phony quarter horse racing at once-revered Hialeah Park, and the state should be rewarded.  Among the many items that are swirling around in various gaming bills in Tallahassee is one that would reduce the tax on each facility to 25 percent. They should pass that one by itself as long as the fatheads are sitting around and doing nothing at all on the other changes. 

    PLEASANT MILESTONES - Two more Pleasant Acres freshman stallions now have their first winners. Brethren was represented by Feisty Embrace at Evangeline Downs on June 16, and Poseidon's Warrior by Firenze Fire at Monmouth Park on the 18th. Both came in maiden specials. 

    Feisty Embrace went off at 1/2 and won by a length in 1:00.02 for the five furlongs. She had finished second in her previous start and now has earnings of $20,800. Firenze Fire sat second in the early going at Monmouth and was a ton the best with Antonio Gallardo in the stretch, getting five furlongs in :58.37 and earning $21,600. Nearing the wire, track announcer Frank Mirahmadi bellowed, "Firenze Fire wins from here to Florida." 

 

 

      

        

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