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Division of Pari-Mutuel Wagering Annual Report 2003-04

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Division of Pari-Mutuel Wagering Annual Report 2003-04 Division of Pari-Mutuel Wagering 73rd Annual Report Fiscal Year 2003-2004 Florida Department of Business and Professional Regulation Jeb Bush Governor Diane Carr Secretary 1940 North Monroe Street Tallahassee, Florida 32399 www.MyFlorida.com/dbpr STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION December 1, 2004 Jeb Bush Governor The Honorable Jeb Bush Diane Carr Governor, State of Florida Secretary PL05 The Capitol Tallahassee, Florida 32399-0001 Division of Pari-Mutuel Dear Governor Bush: Wagering Office of the Director We are pleased to submit this seventy-third Annual Report of Pari-Mutuel Wagering 1940 North Monroe Street in the State of Florida for the fiscal year, which ended June 30, 2004. Tallahassee, FL This report is submitted by the Department of Business and Professional 32399-1035 Regulation, Division of Pari-Mutuel Wagering, which monitors and regulates VOICE Florida’s pari-mutuel industry, collects and audits pari-mutuel tax revenue and 850.488.9130 issues licenses to persons affiliated with pari-mutuel activities. FAX 850.488.0550 Florida pari-mutuel wagering produced revenue to the state of $34.2 million, which is a decrease of approximately 0.3 percent from the prior year. Total wagering, EMAIL excluding Charity/Scholarship performances, exceeded $1.4 billion, representing a Communications@ decrease of 6.2 percent from the previous year. dbpr.state.fl.us INTERNET During the past fiscal year, nearly $1.9 million of pari-mutuel wagering revenue was www.MyFlorida.com/dbpr distributed to the Principal State School Fund (Department of Education), which is an increase of 9.2 percent from last year. The continued support and cooperation we have received from you and your staff is deeply appreciated. Respectfully submitted, Diane Carr Secretary David J. Roberts Director, Division of Pari-Mutuel Wagering STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION December 1, 2004 Jeb Bush Governor The Honorable Tom Lee Diane Carr President Secretary The Florida State Senate Tallahassee, Florida 32399-1100 Division of Pari-Mutuel Dear President Lee: Wagering Office of the Director We are pleased to submit this seventy-third Annual Report of Pari-Mutuel Wagering 1940 North Monroe Street in the State of Florida for the fiscal year, which ended June 30, 2004. Tallahassee, FL This report is submitted by the Department of Business and Professional 32399-1035 Regulation, Division of Pari-Mutuel Wagering, which monitors and regulates VOICE Florida’s pari-mutuel industry, collects and audits pari-mutuel tax revenue and 850.488.9130 issues licenses to persons affiliated with pari-mutuel activities. FAX 850.488.0550 Florida pari-mutuel wagering produced revenue to the state of $34.2 million, which is a decrease of approximately 0.3 percent from the prior year. Total wagering, EMAIL excluding Charity/Scholarship performances, exceeded $1.4 billion, representing a Communications@ decrease of 6.2 percent from the previous year. dbpr.state.fl.us INTERNET During the past fiscal year, nearly $1.9 million of pari-mutuel wagering revenue was www.MyFlorida.com/dbpr distributed to the Principal State School Fund (Department of Education), which is an increase of 9.2 percent from last year. The continued support and cooperation we have received from you and your staff is deeply appreciated. Respectfully submitted, Diane Carr Secretary David J. Roberts Director, Division of Pari-Mutuel Wagering STATE OF FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION December 1, 2004 Jeb Bush Governor The Honorable Allan Bense Diane Carr Speaker Secretary Florida House of Representatives Tallahassee, Florida 32399-1300 Division of Pari-Mutuel Dear Speaker Bense: Wagering Office of the Director We are pleased to submit this seventy-third Annual Report of Pari-Mutuel Wagering 1940 North Monroe Street in the State of Florida for the fiscal year, which ended June 30, 2004. Tallahassee, FL This report is submitted by the Department of Business and Professional 32399-1035 Regulation, Division of Pari-Mutuel Wagering, which monitors and regulates VOICE Florida’s pari-mutuel industry, collects and audits pari-mutuel tax revenue and 850.488.9130 issues licenses to persons affiliated with pari-mutuel activities. FAX 850.488.0550 Florida pari-mutuel wagering produced revenue to the state of $34.2 million, which is a decrease of approximately 0.3 percent from the prior year. Total wagering, EMAIL excluding Charity/Scholarship performances, exceeded $1.4 billion, representing a Communications@ decrease of 6.2 percent from the previous year. dbpr.state.fl.us INTERNET During the past fiscal year, nearly $1.9 million of pari-mutuel wagering revenue was www.MyFlorida.com/dbpr distributed to the Principal State School Fund (Department of Education), which is an increase of 9.2 percent from last year. The continued support and cooperation we have received from you and your staff is deeply appreciated. Respectfully submitted, Diane Carr Secretary David J. Roberts Director, Division of Pari-Mutuel Wagering DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING COMPREHENSIVE ANNUAL REPORT FISCAL YEAR ENDING JUNE 30, 2004 INTRODUCTORY SECTION Overview and Explanation of Report Terminology ............................................................................................................. 2 Events Shaping the 2003/2004 Racing/Gaming Season in Florida ................................................................................... 3 Division Overview ................................................................................................................................................................ 4 STATISTICAL SECTION Components of Pari-Mutuel Handle for Regular Performances - On-Track....................................................................... 7 Components of Pari-Mutuel Handle for Regular Performances - Intertrack ...................................................................... 8 Components of Pari-Mutuel Handle for Charity/Scholarship Performances - On-Track.................................................... 9 Components of Pari-Mutuel Handle for Charity/Scholarship Performances - Intertrack.................................................... 10 Total Regular and Charity/Scholarship Handle................................................................................................................... 11 Total Regular Performances Revenue................................................................................................................................ 12 Summary of State Revenue from Pari-Mutuel Activities..................................................................................................... 13 Fiscal Years Comparative Data .......................................................................................................................................... 14 Graphs - Historical Pari-Mutuel Wagering Activity.............................................................................................................. 15 Charity and Scholarship Performances, Racing Scholarship Trust Fund, and Abandoned Winning Tickets…………….. 18 Components of Cardroom Revenue by Association........................................................................................................... 19 REVENUE AND OTHER DATA BY ASSOCIATION Industry Summaries and Individual Permitholder Data....................................................................................................... 20 Total Intertrack Wagering Handle by Guest........................................................................................................................ 41 FINANCIAL STATEMENTS Balance Sheet - Special Revenue Fund............................................................................................................................. 43 Statement of Revenue, Expenditures & Changes in Fund Balance - Budget & Actual – Special Revenue Fund............ 44 Notes to Financial Statements ............................................................................................................................................ 45 PARI-MUTUEL STATUTE MATRIX Distribution of Handle Summary.......................................................................................................................................... 48 1 INTRODUCTION OVERVIEW This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2003, and ended June 30, 2004. This is the 73rd 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. That year, there were 462 cumulative operating days, total handle was $17.4 million, and state revenue was $0.7 million. This fiscal year, total handle exceeded $1.4 billion, and state revenue surpassed $34.2 million from 4,342 cumulative operating days. 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 games. 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 play in operational jai alai frontons. This annual report, which is required by Florida law, is intended to inform the Governor, the
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