Is Horse Racing Dead? Not in South Florida

Gulfstream Park grandstand copyright All Star Press 2012Gulfstream Park’s 2018 Spring meet set new standards for total and average handle despite six fewer days of racing.

Is Horse Racing Dead?  Not in South Florida or many other locations throughout the country.

Gulfstream’s total handle for the Spring was a record $334 million, up $22 million over 2017. Total handle on the Spring meet has climbed approximately $88 million since 2015.

Average daily handle topped $6 million ($6.312) for the first time since Gulfstream began running in the spring. This year’s average was up $1.012 million from 2017 and $2.1 million since 2015.

Highlights of the Spring Meet included victories by Stormy Embrace in the $250,000 Princess Rooney (G2), a ‘Win & You’re In’ Breeders’ Cup race, X Y Jet winning the Smile Sprint, and a three-way tie for leading trainer between Todd Pletcher, Oscar Gonzalez and Victor Barboza Jr.

“We continue building and shaping Florida racing’s Spring and Summer meets,” said Bill Badgett, General Manager of Gulfstream Park. “We’re building a strong, year-round program with quality racing and full fields, and fans and horsemen are supporting our program. There is still more to do and much more to accomplish as we continue to combine racing with entertainment events.”

Source: Gulfstream Park

Seminole Hard Rock Collects $579 Million, Versus $578 Million For Eight South Florida Racetrack Casinos

Historic Racing game slot machinesSouth Florida racetrack casino owners merely shake their head when they asked how they can compete with the Seminole Hard Rock Hotel & Casino in Hollywood. My recent calculations illustrate why.

Seminole Hard Rock Resort & Casino The Seminole Hard Rock’s haul for the fiscal year ending June 30, 2016, totaled more than $579 million. That’s… [Read more…]

Annual Slot Revenues at Florida Racetracks Up 2 Percent vs 2016

racino slots machineSlot revenues at South Florida racetrack casinos rose by more than 2 percent this fiscal year compared to last, according to figures released this month by the state’s Division of Pari-Mutuel Wagering. Click Here For Other Stories And Videos On South Florida Reporter The eight dog tracks, horse tracks and jai-alai frontons with slots collected $549… [Read more…]