Thoroughbred Racetrack Casino Slot Revenues for the Nine Southeastern States January 2010 – October 2014

Year-to-date revenue at the Southeastern Racetrack Casino slots has been healthy, particularly in Florida with the addition of Hialeah Park Racetrack and Casino. Three states in the Southeastern region have thoroughbred racetrack casino slots - Florida, Louisiana, and Arkansas. 

Thoroughbred Racetrack Casino Slot Revenues in Florida (in $ million) 

Florida	2010	2011	2012	2013	2014 1
Pompano Park	102.9	115.7	121.7	130.0	112.3
Calder	60.8	76.2	72.4	74.0	614.2
Gulfstream Park	51.2	55.0	50.9	49.8	39.4
Hialeah Park 2	0.0	0.0	0.0	0.0	50.3
FL Totals	214.8	246.9	245.0	253.8	816.2

Source – Florida Racinos: Monthly Slot Revenues. Las Vegas: Center for Gaming Research, University of Nevada Las Vegas.  Revenues are reported as Net Revenues in US Dollars.

Thoroughbred Racetrack Casino Slot Revenues in Louisiana (in $ million) 

Louisiana	2010	2011	2012	2013	2014 1
Delta Downs	170.7	177.6	187.8	189.1	148.6
Evangeline Downs	94.3	95.5	95.5	92.4	71.5
Louisiana Downs	78.5	72.2	73.4	66.3	47.0
Fairgrounds N.O.	45.3	51.2	47.3	51.8	35.5
LA Totals	388.7	396.5	404.0	399.7	302.7

Source – Slots at the track - Monthly Revenue Reports, Louisiana Gaming Control Board. Revenues are reported as Adjusted Gross Revenues in US Dollars.

Thoroughbred Racetrack Casino Slot Revenues in Arkansas (in $ million) 

Arkansas	2010	2011	2012	2013	2014 1
Oaklawn Park	25.8	43.6	64.1	74.3	69.3

Source – Electronic Games, State of Arkansas, Department of Administration and Finance – Revenue Division.  Arkansas categorizes slots as electronic games of skill. Revenues are reported as Net Revenues in US Dollars.

¹ 2014 figures are from January 1 through October 31

² Hialeah Park Racetrack and Casino opened for business in September 2013. Our source recorded casino net revenues beginning January 1, 2014. 

Casino Slot Revenues Boosted at Racinos Other than Thoroughbred Racetrack Casinos in the Southeast

Three of the nine Southeastern states have racinos: 

• Florida currently has seven racinos, four thoroughbred racetrack casino facilities and three others – two greyhound racetrack casino facilities and one Jai Alai casino facility. A second Jai Alai casino facility is currently closed. 
• Arkansas has one thoroughbred racetrack facility and one other racino – a greyhound racetrack facility. 
• Louisiana has four thoroughbred racetrack casino facilities and no other, so are not included in this post. 

The table below details the casino slots net revenues for those racino facilities that do not have thoroughbred racetracks. Our next post will detail those facilities with thoroughbred tracks. We can see that net revenues are taking an upward trajectory over the five year period. It also does not appear that the introduction of the casino slot facilities at Miami and Dania Jai Alai have cannibalized any revenue from the pre-existing Mardi Gras and Flagler locations. 

Annual Casino Slot Revenues for Racinos Other than Thoroughbred Racetrack Casinos in Florida from January 2010 through October 2014 

	2010	2011	2012	2013	2014 1
Mardi Gras	49,739,421	54,922,180	53,144,985	51,592,491	40,573,074
Flagler	64,580,248	79,275,013	76,820,883	76,941,463	65,858,937
Miami Jai Alai 2	0	0	52,963,182	63,863,382	45,723,420
Dania Jai Alai 3	0	0	0	0	7,562,678
Florida Totals	114,319,669	134,197,193	182,929,050	192,397,336	159,718,109

Source - Florida Racinos: Monthly Slot Revenues. Las Vegas: Center for Gaming Research, University libraries, University of Nevada Las Vegas, 2014.

Annual Casino Slot Revenues for Racinos Other than Thoroughbred Racetrack Casinos in Arkansas from January 2010 through October 2014 

	2010	2011	2012	2013	2014 1
Southland Park	35,011,450	78,485,617	116,911,339	140,143,644	123,751,572

Source – Electronic Games, State of Arkansas, Department of Administration and Finance – Revenue Division. Arkansas categorizes slots as electronic games of skill.  Revenues are Net Revenues.

¹ 2014 numbers are from January 1 through October 31.

² Miami Jai Alai began casino operations January 2012.

³ Dania Jai Alai began casino operations in January 2014 and closed October 12, 2014.