Report: Florida Tracks Lost $35 Million on Dog Racing

Shiloh lives with an adopted family in Connecticut

Yesterday, a gambling impact study was released by the Florida legislature as part of an ongoing look at new possible laws. The study was conducted by Spectrum Gaming Group, and will be followed by the release of additional information in October.

In part, the study examined the economic viability of greyhound racing in Florida. Although it is common knowledge that dog racing is a dying industry, these new findings give the clearest picture yet of how dire the situation has become for greyhound race promoters.

The report first addresses the decline of greyhound racing by pointing out that between 1990 and 2012, the total amount gambled at Florida dog tracks declined by 67%. Similarly, between 1985 and 2012, state revenue from greyhound racing dropped by a staggering 99%.

The study also indicates that virtually all of Florida's dog tracks are losing money on greyhound racing:

"It is clear that pari-mutuel operations at greyhound tracks are loss leaders as the tracks sustained a combined operating loss from wagering on greyhounds of $35 million. Only three tracks made a profit."

Finally, the report quotes two racetrack executives who state that greyhound racing is no longer economically viable. Michael Glenn, general manager of Palm Beach Kennel Club told Spectrum that they would shut down their dog track if they could, and added:

"It is a dying sport ... Decoupling will help us in the short run as we would run fewer races which, in turn, will lower our operating costs. Our simulcast revenue will also increase, but there just are not enough folks out there to come to the track and wager on these races. There is not any interest.”

I couldn't have said it better myself. Florida's greyhound tracks have already become profitable poker rooms that happen to have dogs running around in circles while no on watches. The only question left is how many dogs must suffer before lawmakers change this flawed policy.