April 19, 2016

Annual Report On Gaming’s Impact On PA Horse Racing Industry Now Available

Slot machine gaming in Pennsylvania generated $246 million to support the state’s horse racing industry, according to the Gaming Control Board’s annual Racetrack Casino Benchmark Report, released Tuesday.
The report, which covers calendar year 2015, is the 9th compiled by the Gaming Control Board detailing the impact of Pennsylvania casinos on the state’s horse racing industry.
In accordance with the Pennsylvania Race Horse Development and Gaming Act, approximately 11 percent of revenue generated from slot machine gaming is earmarked for the racing industry and agricultural initiatives.
The 2015 figure represents a 1.6 percent increase over 2014. This revenue is distributed to both the thoroughbred and standardbred racing industries to enhance purses, assist breeding operations, and provide health and pension benefits for horsemen.
“An uptick in 2015 in the amount of slot machine revenue generated by casinos over the previous year led to a distribution of nearly $3.8 million more to the Race Horse Development Fund,” says the PGCB’s Director of the Office of Racetrack Gaming, Kevin Kile. “This revenue, combined with more than $65 million in backstretch improvements since 2006, has provided enhanced conditions for personnel who work and reside in and around the stable and backside areas of the racetracks.”
The report provides 2015 and 5-year historical information on: Slot machine revenue; Race Horse Development Fund distributions; Attendance at Pennsylvania’s racetracks; Backstretch improvements; Breeding of both thoroughbred and standardbred horses; Number of live races held in Pennsylvania; Number of horses competing; Purses paid; and Live racing handle.
A copy of the Benchmark Report and the Statistical Summary are available online.