Canterbury (628 Views)
Posted by:
Fairmount1 (IP Logged)
Date: September 14, 2015 09:42PM
[i][b]richiebee wrote: There is still a stable core of very healthy facilities[/b][/i]
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Can someone enlighten me more on Canterbury Park? I went there around age 14 but didn't know much about racing whatsoever at the time.
Their meet just concluded and the numbers look very healthy understanding that these numbers are spun to be "positive." I actually have encouraged friends to play their races the past two months b/c of large fields for at least a few races a card and they have an excellent variety of races including turf racing.
Their website includes Poker and table games in it's title btw which brings me to....
How do they calculate their attendance? Does it include casino patrons those days also?
70 racing days, approximately $41 million bet, $170k in purses a day, nearly 6700 average daily attendance. I would say the racing product when including the concessions of 6700 people is supporting itself. Not sure of how purses are connected to casino revenues if at all in Minnesota. But a small midwest track with very healthy numbers the way I read it. Fields size of 7.98 not out of this world but solid.
($41 million times 20% average takeout equals 8.2 million, 170k times 70 dates equals under 12 million paid out). While the gambling doesn't support the purses completely just $10 per person at the concession stand/admission fees has the purses paid completely. And I understand part of the takeout goes directly to the state but the numbers aren't showing an abysmal loss by any means. One of my friends believes tracks make plenty of money and that we shouldn't put slots in Illinois or help tracks anymore. Fairmount Park had 4300 and 4500 attendees their last 2 dates this summer which is pretty crowded and makes me wonder if Canterbury is legimately getting over 6000.
Wondering if Mj can weigh in on his home track?
http://www.bloodhorse.com/horse-racing/articles/94385/canterbury-reports-increases-for-2015-meet