Thursday, November 19, 2020
It's been a long time since we went over the casino statistics for Florida's eight pari-mutuel facilities, which have been devastated by the virus situation. The division of Pari-Mutuel Wagering is only up-to-date through the end of September, so we only have three months worth of stats to report on since the start of the fiscal year on July 1.
Several things have changed since the last report, with Dania Jai Alai and Gulfstream Park moving way up on the list, and all the numbers going down.
(1) The Isle Casino & Racing at Pompano Park continues to lead the way. The home of the trotters has taken in $229,763,064 in the three-month period and has a net slot revenue of $18,153,184. The daily average revenue per machine is $263. All this despite the fact that Pompano's percentage of payouts is 90.75, worst among all the facilities.
In the last fiscal year, 2019-2020, Pompano's net slot revenue was $83,220,629, but March through June killed the bottom line as the virus spread and people stayed home. Like all the facilities, the casino was closed in all of April and May, and parts of March and June.
(2) It took a while for patrons to gravitate to 'The Casino at Dania Beach' after its extensive renovation, but now it has moved into second place with "credits in" of $165,788,072. The net slot revenue is $10,294,544.
(3) 'The Big Easy Casino,' formerly Hollywood dogs, is third with credits in of $147,194,957, and net slot revenue of $9,010,483. The net revenue for all of last year was $24,937,954, greatly affected by the closures.
(4) Gulfstream Park has moved up to fourth with credits in of $123,341,449 and net slot revenue of $8,009,400. The closures hurt all aspects of the racing spectrum, especially the horsemen and breeders, with net revenue of just $30,373,007.
(5) Flagler Dog Track's 'Magic City Casino,' perennially second to Pompano Park, has dropped three spots to fifth with credits in of $125,729,791 and net revenue of $7,723,695. The lower numbers are partly due to Flagler's second-highest payout percentage of 93.42.
(6) Hialeah Park's numbers are also being affected by payout percentage. The once-revered Flamingo track gives back the most of all the facilities - 93.63%, and has credits in of $109,235,104, with net revenue of $6,540,055.
(7) Miami Jai Alai is next-to-last on the list with credits in of $95,124,789, and a monster drop in net revenue of $5,991,356. Last year's net revenue was $53,344,457.
(8) The bottom rung is occupied by Calder Casino and Race Course with credits in of $81,737,520 and an even bigger drop in net revenue at $5,802,891. Last year, Calder was third with $70,520,842.
Coming up: report on how the card rooms are faring.
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