The Economic Impact of the Horse Racing Industry in Just One State

According to information published in the Equibase program at Monmouth Park in 2019:

The total economic impact of the equine industry is $1.1 billion annually.

The industry pays over $160 million in federal, state and local taxes.

176,000 total acres of real estate are in use in New Jersey alone for equine operations.  An additional 46,000 acres produce hay and grain for horses.  An estimated 13,000 jobs are generated just in New Jersey.

The original Monmouth Park racetrack opened in 1870.  The current structure opened on June 19, 2946 and with its desirable location close to the Jersey beaches, it has attracted tens of thousands of visitors each year.

Here is a look at the impact of the horse racing industry in the great state of  Florida.

Florida Banned Greyhound Racing In 2018

Is Horse Racing Next?

…Berman says the focus of the issue should be the jobs and economy that horse racing generates in Florida, a number that climbed 47% since the last study was conducted over a decade ago, according to a 2018 report by the American Horse Council (AHC).

Broward local Jennifer Pierce echoes that sentiment. She’s been working within the broader industry for 25 years. Her history includes lobbying for Gulfstream Park — home to the Pegasus World Cup — and “instant racing” tracks. Nowadays, Pierce acts as a consultant for Florida pari-mutuel permit holders.

Pierce couldn’t comment on the sport’s parallelism to greyhound racing but stressed the economic contributions we see on a local level in Broward County. “Gulfstream attracts a much larger amount of interest than other racetracks, which is part of what makes it so successful. Because of the enormous amount of money wagered down here, there’s more money to give out for prize money. So, therefore, it attracts the better horses and the better the horses, the more interest you have betting on it. So more people come down here and they make it a destination,” she says.

“So not only do you have the economic impact from the people that are doing the business of racing, but you have Gulfstream itself as a tourist destination… These are multimillion-dollar animals with multimillion-dollar breeding potential. Any horse that goes in this race is like the best of the best. And they have an entourage to match it.”

Tampa Bay Downs 2018-2019 stakes program

Many of the top Thoroughbreds in training are expected to participate in the Tampa Bay Downs 2018-2019 stakes program, which includes 28 stakes races worth a record $3.74-million in purse money.

The stakes schedule includes six graded races and a $1-million Festival Day program on March 9, highlighted by the Grade II, $400,000 Lambholm South Tampa Bay Derby for 3-year-olds. The announcement was made today by Tampa Bay Downs Vice President-General Manager Peter Berube.

Purse money for each of the track’s six Florida Cup Day races on March 31 has been raised 15 percent to $115,000, accounting for the $90,000 total increase from last season’s total stakes purse level. The additional money is in the form of win bonuses from the Florida Thoroughbred Breeders’ and Owners’ Association (FTBOA) through its Florida Sire Stakes program.

Tampa Bay Downs, which officially began its 93rd anniversary season on July 1, resumes in earnest with its Opening Day racing card on Saturday, Nov. 24. The 91-day meeting runs through Sunday, May 5, plus an additional day on June 30, which is the first day of the two-day Summer Festival of Racing.

Stall applications for the upcoming meeting are due Friday. An online application is available at www.tampabaydowns.com

New Tampa Bay Meet Begins Nov. 24

The barn area opens on Thursday, Nov. 1 and the track opens for training on Nov. 5.

“We’re excited to offer a stakes program of such outstanding quality to our horsemen and fans, featuring tremendous races for horses of both sexes and all ages on both our main dirt track and turf course,” Berube said.

“Trainers and jockeys have praised the consistency and safety of both surfaces, and as a result, we’ve been able to attract such superstars as Kentucky Derby winners Street Sense, Super Saver and Always Dreaming, plus champions like Zagora, Stephanie’s Kitten, Tepin and World Approval,” Berube said. “We are eager to help unveil new standouts this season.”

The 2018-2019 stakes schedule begins Saturday, Dec. 1 with a pair of sprint races on the immaculate Oldsmar turf course: the $100,000 Turf Dash for horses 3-years-old-and-upward and the $100,000 Lightning City Stakes for fillies and mares 3-and-up. Both will be contested at a distance of 5 furlongs.

The added-money bonanza picks up steam on Dec. 15 with four stakes. That day’s high-energy card includes a pair of $125,000, second-year stakes for 3-year-olds funded by the FTBOA: the FTBOA Marion County Florida Sire Stakes for colts and geldings and the FTBOA City of Ocala Florida Sire Stakes for fillies. Both are at a distance of 7 furlongs on the main track.

Also on the Dec. 15 program are the $100,000 Inaugural Stakes for 2-year-olds and the $100,000 Sandpiper Stakes for 2-year-old fillies, both at a distance of 6 furlongs on the main track.

Tampa paddock inspectionThe most lucrative card of the season is Festival Day on March 9, with the 39th Lambholm South Tampa Bay Derby, for Kentucky Derby Presented by Woodford Reserve prospects, certain to attract national attention. The track’s showcase event is for 3-year-olds at a distance of a mile-and-a-sixteenth on the main track.

The Lambholm South Tampa Bay Derby is a “Road to the Kentucky Derby” Championship Series qualifying race, with 50, 20, 10 and 5 points awarded to the first four finishers toward qualifying for the Kentucky Derby Presented by Woodford Reserve on May 4 at Churchill Downs.

Other graded stakes on the Festival Day card are the Grade II, $225,000 Hillsborough Stakes for fillies and mares 4-and-up at a mile-and-an-eighth on the turf and the Grade III, $200,000 Florida Oaks for 3-year-old fillies at a mile-and-a-sixteenth on the turf.

Rounding out the million-dollar-plus afternoon are the $100,000 Challenger Stakes on the main track and the $75,000 Columbia Stakes on the turf.

Setting the stage for all that March 9 excitement is the track’s annual Festival Preview Day Presented by Lambholm South card on Feb. 9. Three graded stakes are on tap, highlighted by the Grade III, $250,000 Sam F. Davis Stakes, a mile-and-a-sixteenth test for 3-year-olds on the main track and the major local prep for the Lambholm South Tampa Bay Derby.

The Sam F. Davis is a “Road to the Kentucky Derby” Prep Season qualifying event, awarding points on a 10-4-2-1 basis to the top four finishers.

The Feb. 9 program includes the Grade III, $175,000 Lambholm South Endeavour Stakes, for fillies and mares 4-and-up on the turf; the Grade III, $175,000 Tampa Bay Stakes for horses 4-and-up, also on the turf; and the $150,000 Suncoast Stakes for 3-year-old fillies at a mile-and-40-yards on the main track.

The Suncoast is a “Road to the Kentucky Oaks” qualifying race, awarding 10-4-2-1 points to the first four finishers toward qualifying for the May 3 Kentucky Oaks at Churchill Downs.

The 17th edition of the aforementioned Florida Cup Day on Sunday, March 31 features six stakes races for Florida-bred horses worth $115,000 apiece, with three races on the main track and three on the turf and offerings for both males and females.

Tampa Bay Downs 2018-2019 season visitors should be impressed by a number of facility upgrades and renovations.

Members of the track’s Maintenance Department and outside contractors are in the process of installing a NuCore waterproof, vinyl plank floor throughout the Grandstand. Workers are also redesigning the main Grandstand entrance to enhance the ease of access and egress for patrons.

Tampa Bay Downs installed new AmTote International wagering terminals throughout the facility during the summer.

Source: Press Release

Election: Amendment 3 could destroy horse racing in Florida

Amendment 3 is totally misleading and hypocritical, yet very typical of the way sponsors of scam amendments like this one try to trick the voters.

If Amendment 3 is adopted, the Seminole Tribe and its 4,000 multimillionaire members will become even richer — while everyone associated with the billion-dollar thoroughbred industry will be obliterated.

Amendment 3 is nothing but a well-funded, anti-competitive con job. Save the thoroughbred horse racing industry in Florida by voting NO on Amendment 3.

Ocala Full coverage: David S. Romanik: Amendment 3 could destroy horse racing in Florida

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

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Annual Slot Revenues at Florida Racetracks Up 2 Percent vs 2016

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