PA Horse Racing Deal with Up $7.1M in 2019, Opposite to Earlier Report

PA Horse Racing Handle Up $7.1M in 2019, Contrary to Previous Report

Excellent news pony pickers, railbirds, lovers of lengthy pictures, and others who care about horse racing in Pennsylvania.

The 2019 dwell deal with did not lower because the Pennsylvania Gaming Management Board (PGCB) said in an annual report launched final month.

No. It really went up.

Slight share improve meant greater than $7M for dwell deal with

Not by a lot, thoughts you, however any little bit of up is sweet on the planet of horse racing after years of decline as curiosity and participation diminish. And in {dollars}, it was up by greater than $7 million.

The Racetrack On line casino Statistical Report from August had proven a 0.04 % lower within the dwell deal with, basically flat year-over-year. Pete Peterson, Pennsylvania Equine Coalition spokesman, had discovered {that a} optimistic signal when the report first got here out.

Harrah’s provided dangerous dwell deal with knowledge

However following a current overview by the coalition workers, an error was discovered within the knowledge provided by Harrah’s Racetrack Philadelphia. The dangerous quantity was for so-called “export” income, which covers the bets on Harrah’s races despatched from different tracks and off-track betting venues.

Correction of the error meant dwell deal with really rose by 1.02%, fairly than dropping. Given the longterm pattern in racing, Peterson was elated.

Whereas 1.02% sounds paltry, the truth is that’s a $7,125,943 improve in dwell deal with for the 12 months 2019.

Which means the dwell deal with was not $668,648,468 as beforehand said, however fairly $675,774,411.

The correction will likely be made in subsequent 12 months’s report

PGCB spokesperson Doug Harbach acknowledged the error, attributing it to the dangerous knowledge from Harrah’s. He mentioned a correction will likely be famous within the subsequent report.

Declining income is a part of a lengthy downward pattern in dwell horse racing. Taxable deal with has dropped yearly because the reporting started.

In 2006, the taxable deal with from all tracks was just below $976 million. Which means the deal with has fallen by extra two-thirds in 13 years.

That’s not distinctive to PA, the report notes. The lower is because of lowering demand for retail horse betting. Some silver lining may be discovered, nonetheless, in rising curiosity in on-line horse betting.

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Lead picture credit score: AP Photograph/Matt Rourke

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