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Division of Pari-Mutuel Wagering Division of Pari-Mutuel Wagering 76th Annual Report Fiscal Year 2006-2007 Florida Departmento.f Office of the Secretary Holly Bensoh, Secretary Busines~(Q1 1940 North Monroe Street Professional Tallahassee, Florida 32399-1000 Regulation Phone: 850.413.0755' Fax: 850.921.4094 The Honorable Charlie Crist, Governor Office of the Governor, State of Florida PL05 The Capitol 400 South Monroe Street Tallahassee, FL 32399-0001 In accordance with section 550.0251(1), F.S., we are pleased to submit this seventy-sixth Annual Report of Pari-Mutuel Wagering in the State of Florida for the fiscal year, which ended June 30, 2007. This report is submitted by the Department of Business and Professional Regulation, Division of Pari-Mutuel Wagering, which monitors and regulates Florida's pari-mutuel industry, cardrooms and slot machine gaming located at pari-mutuel facilities. Florida pari-mutuel wagering produced $30.2 million in revenue to the state. Total wagering, including Charity/Scholarship performances, approached $1.5 billion. Additionally nearly $1.5 million of pari-mutuel wagering revenue was distributed to the Principal State School Fund (Department of Education) from unclaimed tickets. Florida cardroom wagering produced $5.4 million in revenue to the state. Total wagering amount approached $54.2 million. In the past fiscal year approximately $677,021 was distributed to counties and municipalities where cardrooms are located. Florida slot machine gaming produced $63.2 million in revenue to the state. In the past fiscal year, $49,720,981 was distributed to the Educational Enhancement Trust Fund (Department of Education) from slot machine gaming tax revenue. The continued support and cooperation we have received from you and your staff is deeply appreciated. Respectfully submitted, ~ Holly Benson Secretary LICENSE EFFICIENTLY. REGULATE FAIRLY. WVVW.MYFLORIDALICENSE.COM Florida Departmentc;r Office of the Secretary Holly Benson, Secretary Busines~(J) 1940 North Monroe Street ProfessiOffa I Tallahassee, Florida 32399-1000 Regulation Phone: 850.413.0755 • Fax: 850.921.4094 The Honorable Ken Pruitt, President The Florida State Senate 409 The Capitol 404 South Monroe Street Tallahassee, FL 32399-0001 In accordance with section 550.0251 (1), F.S., we are pleased to submit this seventy-sixth Annual Report of Pari-Mutuel Wagering in the State of Florida for the fiscal year, which ended June 30, 2007. This report is submitted by the Department of Business and Professional Regulation, Division of Pari-Mutuel Wagering, which monitors and regulates Florida's pari-mutuel industry, cardrooms and slot machine gaming located at pari-mutuel facilities. Florida pari-mutuel wagering produced $30.2 million in revenue to the state. Total wagering, including Charity/Scholarship performances, approached $1.5 billion. Additionally nearly $1.5 million of pari-mutuel wagering revenue was distributed to the Principal State School Fund (Department of Education) from unclaimed tickets. Florida cardroom wagering produced $5.4 million in revenue to the state. Total wagering amount approached $54.2 million. In the past fiscal year approximately $677,021 was distributed to counties and municipalities where cardrooms are located. Florida slot machine gaming produced $63.2 million in revenue to the state .. In the past fiscal year, $49,720,981 was distributed to the Educational Enhancement Trust Fund (Department of Education) from slot machine gaming tax revenue. The continued support and cooperation we have received from you and your staff is deeply appreciated. ~mitted' Holly Benson Secretary LICENSE EFFICIENTLY. REGULATE FAIRLY. WIfWIJ.MYFlORIDALICENSE.COM Florida Departmentof Office of the Secretary Holly Benson, Secretary BusinesS"'?V) 1940 North Monroe Street Professioml Tallahassee, Florida 32399-1000 Regulation Phone: 850.413.0755 • Fax: 850.921.4094 The Honorable Marco Rubio, Speaker Florida House of Representatives 420 The Capitol 402 South Monroe Street Tallahassee, FL 32399-0001 In accordance with section 550.0251(1), F.S., we are pleased to submit this seventy-sixth Annual Report of Pari-Mutuel Wagering in the State of Florida for the fiscal year, which ended June 30, 2007. This report is submitted by the Department of Business and Professional Regulation, Division of Pari-Mutuel Wagering, which monitors and regulates Florida's pari-mutuel industry, cardrooms and slot machine gaming located at pari-mutuel facilities. Florida pari-mutuel wagering produced $30.2 million in revenue to the state. Total wagering, including Charity/Scholarship performances, approached $1.5 billion. Additionally nearly $1.5 million of pari-mutuel wagering revenue was distributed to the Principal State School Fund (Department of Education) from unclaimed tickets. Florida cardroom wagering produced $5.4 million in revenue to the state. Total wagering amount approached $54.2 million. In the past fiscal year approximately $677,021 was distributed to counties and municipalities where cardrooms are located. Florida slot machine gaming produced $63.2 million in revenue to the state. In the past fiscal year, $49,720,981 was distributed to the Educational Enhancement Trust Fund (Department of Education) from slot machine gaming tax revenue. The continued support and cooperation we have received from you and your staff is deeply appreciated. ;;;;:::.mitted, Holly Benson Secretary LICENSE EFFICIENTLY. REGULATE FAIRLY. INNIN.MYFLORIDALICENSE.COM DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING COMPREHENSIVE ANNUAL REPORT FISCAL YEAR ENDING JUNE 30, 2007 www.MyFlorida.com/dbpr INTRODUCTORY SECTION Overview and Explanation of Report Terminology ............................................................................................................. 2 Division Overview ………………………………………………………………………………………………………………… 3 Events Shaping the 2006/2007 Racing/Gaming Season in Florida ................................................................................... 7 Pari-Mutuel Facilities Map by Permit Type……………………………………………………………………………………… 8 STATISTICAL SECTION Components of Pari-Mutuel Handle From Performances .................................................................................................. 9 Total Regular and Charity/Scholarship Handle................................................................................................................... 10 Total State Revenue From Performances .......................................................................................................................... 11 Summary of State Revenue from Cardroom, Pari-Mutuel, and Slot Activities................................................................... 12 Charity and Scholarship Performances, Racing Scholarship Trust Fund, and Abandoned Winning Tickets…………….. 13 Fiscal Years Comparative Data .......................................................................................................................................... 14 Graphs - Historical Pari-Mutuel Wagering Activity.............................................................................................................. 15 Cardroom Statistical Data Cardroom Comparative Data…………………………………………………………………………………………………….. 18 Components of Cardroom Revenue by Association........................................................................................................... 19 Slot Statisitcal Data Slot Comparative Data………………….………………………………………………………………………………………… 20 REVENUE AND OTHER DATA BY ASSOCIATION Industry Summaries and Individual Permitholder Data ...................................................................................................... 21 Total Intertrack Wagering Handle by Guest........................................................................................................................ 42 FINANCIAL STATEMENTS Balance Sheet - Special Revenue Fund............................................................................................................................. 44 Statement of Revenue, Expenditures & Changes in Fund Balance - Budget & Actual – Special Revenue Fund ............ 45 Notes to Financial Statements ............................................................................................................................................ 46 CARDROOM, PARI-MUTUEL, AND SLOT STATUTE MATRIX Summary of Cardroom and Pari-Mutuel Handle Distribution ............................................................................................. 49 Summary of Slot Distribution……………………………………………………………………………………………………... 56 1 INTRODUCTION OVERVIEW This annual report on cardroom, pari-mutuel, and slot machine wagering in Florida encompasses the fiscal year, which began July 1, 2006, and ended June 30, 2007. This is the 76th annual report in the series. The first annual report was issued for Fiscal Year 1931/1932, the initial year of legalized pari- mutuel wagering in Florida. In Florida, pari-mutuel wagering is authorized for thoroughbred horse racing, harness horse racing, quarter horse racing, Appaloosa and Arabian horse racing, greyhound racing, jai alai games, and cardroom poker games. Florida is also authorized for slot machine gaming at pari-mutuel facilities in Broward County. Florida is one of the primary pari-mutuel states in the nation, and is the leading state in greyhound racing, as well as a major horse racing state. Florida is now the only state in the United States that continues to conduct live jai alai. This annual report, which is required
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