58
Division of Pari-Mutuel Wagering 74 th Annual Report Fiscal Year 2004-2005 Florida Department of Business and Professional Regulation Jeb Bush Governor Simone Marstiller Secretary 1940 North Monroe Street Tallahassee, Florida 32399 www.MyFlorida.com/dbpr

Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

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Page 1: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Division of Pari-Mutuel Wagering

74th Annual Report Fiscal Year 2004-2005

Florida Department of Business and Professional

Regulation

Jeb Bush Governor

Simone Marstiller Secretary

1940 North Monroe Street Tallahassee Florida 32399

wwwMyFloridacomdbpr

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

COMPREHENSIVE ANNUAL REPORT FISCAL YEAR ENDING JUNE 30 2005

INTRODUCTORY SECTION

Overview and Explanation of Report Terminology 2

Division Overview 3

Events Shaping the 20042005 RacingGaming Season in Florida 6

STATISTICAL SECTION

Components of Pari-Mutuel Handle for Regular Performances 7

Components of Pari-Mutuel Handle for CharityScholarship Performances 8

Total Regular and CharityScholarship Handle 9

Total Regular Performances Revenue 10

Summary of State Revenue from Pari-Mutuel Activities 11

Fiscal Years Comparative Data 12

Graphs - Historical Pari-Mutuel Wagering Activity 13

Charity and Scholarship Performances Racing Scholarship Trust Fund and Abandoned Winning Ticketshelliphelliphelliphelliphellip 16

Components of Cardroom Revenue by Association 17

REVENUE AND OTHER DATA BY ASSOCIATION

Industry Summaries and Individual Permitholder Data 18

Total Intertrack Wagering Handle by Guest 39

FINANCIAL STATEMENTS

Balance Sheet - Special Revenue Fund 41

Statement of Revenue Expenditures amp Changes in Fund Balance - Budget amp Actual ndash Special Revenue Fund 42

Notes to Financial Statements 43

PARI-MUTUEL STATUTE MATRIX

Distribution of Handle Summary 46

1

INTR

OD

UC

TIO

N

OVERVIEW

This annual report on pari-mutuel wagering in Florida encompasses the fiscal year which began July 1 2004 and ended June 30 2005 This is the 74th annual report in the series The first annual report was issued for Fiscal Year 19311932 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 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 by Florida law is intended to inform the Governor the Legislature the industry and other interested parties as to pari-mutuel wagering activities The report is organized into five primary sections

1 Introductory Section - An overview of the Division of Pari-Mutuel Wagering 2 Statistical Section - A summary of racing activities pari-mutuel handle and taxes as well as

multiple year comparative trend data 3 Revenue and Other Data by Association - Pari-mutuel handle and taxes by individual racing

association or fronton 4 Financial Section - Official financial statements of the Division of Pari-Mutuel Wagering and

accompanying notes 5 Pari-Mutuel Statute Matrix - A table that summarizes the distribution of handle applicable to pari-

mutuel wagering rules and statutes

EXPLANATION OF REPORT TERMINOLOGY

Florida law requires intertrack wagers to be combined with the wagering pools of the host or the broadcasting Florida track or fronton The law also requires that the host take-out on intertrack wagers be the same as for on-track wagers however the distribution of the take-out may be different The tax structure for on-track and intertrack wagering is explained in more detail in the Pari-Mutuel Statute Matrix section

For purposes of this report on-track schedules include wagering and attendance statistics as compiled on-track for the facility at which a live race or game is being conducted or a race or game broadcast from out-of-state to the facililty For a host pari-mutuel facility the on-track statistics exclude intertrack wagering data for wagers and attendance at guest tracks or frontons and also exclude wagers which are taken at the facility if it is functioning as a guest permitholder receiving intertrack broadcasts Some permitholders do not broadcast races or games to other Florida permitholders

Schedules of intertrack wagering included in this report are compiled for each host permitholder These schedules reflect combined wagering statistics for all guest facilities which received broadcasts and conducted wagering which was included in the wagering pools of the host For host permitholders a Summary of Intertrack Handle components for each guest is shown in the Revenue and Other Data by Association section of this report The schedules of intertrack wagering also include data on wagers collected at intertrack locations on races or games which were imported from out of state and rebroadcast to intertrack locations by the Florida host

2

THE DIVISION OF PARI-MUTUEL WAGERING David J Roberts Director

Joe Dillmore Deputy Director

The Division of Pari-Mutuel Wagering is a program area in the Department of Business and Professional Regulation within the Executive Branch of Floridas government The division is charged with the regulation of Floridas pari-mutuel industries under Florida Statutes as well as collecting and safeguarding revenues due to the state Since 1931 the division has evolved from a racing commission to a professional regulatory organization overseeing a highly complex and sophisticated industry

The Office of the Director maintains general oversight and administration of the division Specific responsibilities include budget planning developing policy and procedures legislative analysis strategic planning communications and administrative actions Additionally the Office of the Director ensures that all functional areas of the division operate in a cooperative effort to achieve the efficient and effective regulatory oversight of the industry

The divisions structure is divided between the Office of Auditing and Office of Operations which act under the management of the Office of the Director Each office focuses upon a different aspect of regulation within the pari-mutuel industry in an effort to protect state revenues and maintain the publics confidence in the integrity of the wagering activity

OFFICE OF AUDITING James S Hakemoller Chief Auditing Officer

The Office of Auditing is responsible for auditing revenue collection financial reporting of pari-mutuel activities in Florida and ensuring the integrity of wagering activity The Office of Auditings mission is to account for and safeguard state revenues as well as to protect the wagering public by ensuring that pari-mutuel wagering is conducted in accordance with Florida Statutes and Florida Administrative Code

The Office of Auditing is divided into two functional areas compliance auditing and accountingfinancial analysis

The auditing staff examines several aspects of pari-mutuel activity to determine permitholder compliance with statutes and rules Various types of compliance audits performed are greyhound purse audits cardroom audits mutuels audits escheat audits totalisator audits charityscholarship audits and other pertinent examinations During Fiscal Year 20042005 the Office of Auditing conducted reviews on 5785 performances 18 greyhound purse audits 25 mutuels audits 26 escheat audits 16 cardroom audits 28 charityscholarship audits 316 30-day report reviews and 15 malfunction report reviews

The accountingfinancial staff ensures that state revenue is collected accurately and timely The staff is responsible for reviewing permitholder financial statements and other financial reports During Fiscal Year 20042005 the accountingfinancial staff conducted 31 permitholder financial statement reviews

Both the compliance auditing and accountingfinancial staff compiles statistical information and performs analyses as requested by the department legislature industry and the governors office

The Office of Auditing is also responsible for oversight of pari-mutuel cardroom operations to ensure the integrity of the cardroom poker games which includes the accurate collection of cardroom revenue A portion of this tax revenue is distributed to the counties and municipalities ensuring compliance with the Florida Statutes and the Florida Administrative Code During Fiscal Year 20042005 the division distributed approximately $476122 to countiesmunicipalities

3

OFFICE OF OPERATIONS Royal H Logan Chief Operating Officer

The Office of Operations has oversight responsibility of state personnel located at each of the 28 pari-mutuel facilities as well as the issuance of occupational licenses

All persons who work at a racetrack fronton or cardroom and who have access to money wagered restricted areas andor racing animals must obtain an occupational license issued by the division During Fiscal Year 20042005 the Office of Operations Licensing Section processed 18461 pari-mutuel occupational license applications for businesses and individuals of which 849 were related to the operation of cardrooms The departmentrsquos Single Licensing System permits applicants for pari-mutuel wagering occupational licenses to obtain them on site Each individual licensed with the division is required to be fingerprinted every five licensing years The fingerprints are then forwarded to the Florida Department of Law Enforcement and Federal Bureau of Investigation for processing Thirty Permitholder Annual Operating Licenses that delineate operating dates were issued

In addition to licensing the Office of Operations is responsible for ensuring that the day-to-day operation of races and games are conducted in accordance with Floridas pari-mutuel rules and statutes The stewards and judges monitor each racegame and conduct inquiries and hearings into alleged violations of the state pari-mutuel rules and statutes The stewards and judges conducted 197 hearings for alleged violations in Fiscal Year 20042005 which resulted in fines totaling $34800 and suspension of occupational licenses for 72 individuals The number of persons who had their occupational license revoked by the division was 12

The Operationsrsquo staff collects urine and blood samples from racing animals which are analyzed for prohibited substances by the Racing Laboratory The Racing Laboratory is operated under a contract with the University of Florida College of Veterinary Medicine State veterinarians and veterinary assistants collected 92468 samples that included 64803 greyhound urine samples 10064 horse urine samples and 10086 horse blood samples during Fiscal Year 20042005 There were 139 positive findings of impermissible substances in the samples collected

The Investigationsrsquo Section examines possible rule or statutory violations that may occur in the pari-mutuel industry including drug positives identified by the University of Florida College of Veterinary Medicine Racing Laboratory Cases range in complexity from the investigation of falsified license applications and animal cruelty to the use of performance altering medications or illegal substances during races This section conducts background investigations of all cardroom occupational license applicants to ensure compliance with Section 849086 Florida Statutes and Chapter 61D-11 Florida Administrative Code They also conduct substantial background examinations of potential permitholders which include in-depth review of the applicantrsquos personal and financial background in order to ensure compliance with Sections 550054 and 5501815 Florida Statutes

Investigations may result in the issuance of administrative charges and hearings before the division director or a designated hearing officer referrals to other regulatory agencies or to law enforcement agencies for criminal prosecution All division rulings are honored within the United States Canada Mexico and Puerto Rico pursuant to the reciprocity agreements with members of the North American Pari-Mutuel Regulators Association (NAPRA)

4

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 2: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

COMPREHENSIVE ANNUAL REPORT FISCAL YEAR ENDING JUNE 30 2005

INTRODUCTORY SECTION

Overview and Explanation of Report Terminology 2

Division Overview 3

Events Shaping the 20042005 RacingGaming Season in Florida 6

STATISTICAL SECTION

Components of Pari-Mutuel Handle for Regular Performances 7

Components of Pari-Mutuel Handle for CharityScholarship Performances 8

Total Regular and CharityScholarship Handle 9

Total Regular Performances Revenue 10

Summary of State Revenue from Pari-Mutuel Activities 11

Fiscal Years Comparative Data 12

Graphs - Historical Pari-Mutuel Wagering Activity 13

Charity and Scholarship Performances Racing Scholarship Trust Fund and Abandoned Winning Ticketshelliphelliphelliphelliphellip 16

Components of Cardroom Revenue by Association 17

REVENUE AND OTHER DATA BY ASSOCIATION

Industry Summaries and Individual Permitholder Data 18

Total Intertrack Wagering Handle by Guest 39

FINANCIAL STATEMENTS

Balance Sheet - Special Revenue Fund 41

Statement of Revenue Expenditures amp Changes in Fund Balance - Budget amp Actual ndash Special Revenue Fund 42

Notes to Financial Statements 43

PARI-MUTUEL STATUTE MATRIX

Distribution of Handle Summary 46

1

INTR

OD

UC

TIO

N

OVERVIEW

This annual report on pari-mutuel wagering in Florida encompasses the fiscal year which began July 1 2004 and ended June 30 2005 This is the 74th annual report in the series The first annual report was issued for Fiscal Year 19311932 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 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 by Florida law is intended to inform the Governor the Legislature the industry and other interested parties as to pari-mutuel wagering activities The report is organized into five primary sections

1 Introductory Section - An overview of the Division of Pari-Mutuel Wagering 2 Statistical Section - A summary of racing activities pari-mutuel handle and taxes as well as

multiple year comparative trend data 3 Revenue and Other Data by Association - Pari-mutuel handle and taxes by individual racing

association or fronton 4 Financial Section - Official financial statements of the Division of Pari-Mutuel Wagering and

accompanying notes 5 Pari-Mutuel Statute Matrix - A table that summarizes the distribution of handle applicable to pari-

mutuel wagering rules and statutes

EXPLANATION OF REPORT TERMINOLOGY

Florida law requires intertrack wagers to be combined with the wagering pools of the host or the broadcasting Florida track or fronton The law also requires that the host take-out on intertrack wagers be the same as for on-track wagers however the distribution of the take-out may be different The tax structure for on-track and intertrack wagering is explained in more detail in the Pari-Mutuel Statute Matrix section

For purposes of this report on-track schedules include wagering and attendance statistics as compiled on-track for the facility at which a live race or game is being conducted or a race or game broadcast from out-of-state to the facililty For a host pari-mutuel facility the on-track statistics exclude intertrack wagering data for wagers and attendance at guest tracks or frontons and also exclude wagers which are taken at the facility if it is functioning as a guest permitholder receiving intertrack broadcasts Some permitholders do not broadcast races or games to other Florida permitholders

Schedules of intertrack wagering included in this report are compiled for each host permitholder These schedules reflect combined wagering statistics for all guest facilities which received broadcasts and conducted wagering which was included in the wagering pools of the host For host permitholders a Summary of Intertrack Handle components for each guest is shown in the Revenue and Other Data by Association section of this report The schedules of intertrack wagering also include data on wagers collected at intertrack locations on races or games which were imported from out of state and rebroadcast to intertrack locations by the Florida host

2

THE DIVISION OF PARI-MUTUEL WAGERING David J Roberts Director

Joe Dillmore Deputy Director

The Division of Pari-Mutuel Wagering is a program area in the Department of Business and Professional Regulation within the Executive Branch of Floridas government The division is charged with the regulation of Floridas pari-mutuel industries under Florida Statutes as well as collecting and safeguarding revenues due to the state Since 1931 the division has evolved from a racing commission to a professional regulatory organization overseeing a highly complex and sophisticated industry

The Office of the Director maintains general oversight and administration of the division Specific responsibilities include budget planning developing policy and procedures legislative analysis strategic planning communications and administrative actions Additionally the Office of the Director ensures that all functional areas of the division operate in a cooperative effort to achieve the efficient and effective regulatory oversight of the industry

The divisions structure is divided between the Office of Auditing and Office of Operations which act under the management of the Office of the Director Each office focuses upon a different aspect of regulation within the pari-mutuel industry in an effort to protect state revenues and maintain the publics confidence in the integrity of the wagering activity

OFFICE OF AUDITING James S Hakemoller Chief Auditing Officer

The Office of Auditing is responsible for auditing revenue collection financial reporting of pari-mutuel activities in Florida and ensuring the integrity of wagering activity The Office of Auditings mission is to account for and safeguard state revenues as well as to protect the wagering public by ensuring that pari-mutuel wagering is conducted in accordance with Florida Statutes and Florida Administrative Code

The Office of Auditing is divided into two functional areas compliance auditing and accountingfinancial analysis

The auditing staff examines several aspects of pari-mutuel activity to determine permitholder compliance with statutes and rules Various types of compliance audits performed are greyhound purse audits cardroom audits mutuels audits escheat audits totalisator audits charityscholarship audits and other pertinent examinations During Fiscal Year 20042005 the Office of Auditing conducted reviews on 5785 performances 18 greyhound purse audits 25 mutuels audits 26 escheat audits 16 cardroom audits 28 charityscholarship audits 316 30-day report reviews and 15 malfunction report reviews

The accountingfinancial staff ensures that state revenue is collected accurately and timely The staff is responsible for reviewing permitholder financial statements and other financial reports During Fiscal Year 20042005 the accountingfinancial staff conducted 31 permitholder financial statement reviews

Both the compliance auditing and accountingfinancial staff compiles statistical information and performs analyses as requested by the department legislature industry and the governors office

The Office of Auditing is also responsible for oversight of pari-mutuel cardroom operations to ensure the integrity of the cardroom poker games which includes the accurate collection of cardroom revenue A portion of this tax revenue is distributed to the counties and municipalities ensuring compliance with the Florida Statutes and the Florida Administrative Code During Fiscal Year 20042005 the division distributed approximately $476122 to countiesmunicipalities

3

OFFICE OF OPERATIONS Royal H Logan Chief Operating Officer

The Office of Operations has oversight responsibility of state personnel located at each of the 28 pari-mutuel facilities as well as the issuance of occupational licenses

All persons who work at a racetrack fronton or cardroom and who have access to money wagered restricted areas andor racing animals must obtain an occupational license issued by the division During Fiscal Year 20042005 the Office of Operations Licensing Section processed 18461 pari-mutuel occupational license applications for businesses and individuals of which 849 were related to the operation of cardrooms The departmentrsquos Single Licensing System permits applicants for pari-mutuel wagering occupational licenses to obtain them on site Each individual licensed with the division is required to be fingerprinted every five licensing years The fingerprints are then forwarded to the Florida Department of Law Enforcement and Federal Bureau of Investigation for processing Thirty Permitholder Annual Operating Licenses that delineate operating dates were issued

In addition to licensing the Office of Operations is responsible for ensuring that the day-to-day operation of races and games are conducted in accordance with Floridas pari-mutuel rules and statutes The stewards and judges monitor each racegame and conduct inquiries and hearings into alleged violations of the state pari-mutuel rules and statutes The stewards and judges conducted 197 hearings for alleged violations in Fiscal Year 20042005 which resulted in fines totaling $34800 and suspension of occupational licenses for 72 individuals The number of persons who had their occupational license revoked by the division was 12

The Operationsrsquo staff collects urine and blood samples from racing animals which are analyzed for prohibited substances by the Racing Laboratory The Racing Laboratory is operated under a contract with the University of Florida College of Veterinary Medicine State veterinarians and veterinary assistants collected 92468 samples that included 64803 greyhound urine samples 10064 horse urine samples and 10086 horse blood samples during Fiscal Year 20042005 There were 139 positive findings of impermissible substances in the samples collected

The Investigationsrsquo Section examines possible rule or statutory violations that may occur in the pari-mutuel industry including drug positives identified by the University of Florida College of Veterinary Medicine Racing Laboratory Cases range in complexity from the investigation of falsified license applications and animal cruelty to the use of performance altering medications or illegal substances during races This section conducts background investigations of all cardroom occupational license applicants to ensure compliance with Section 849086 Florida Statutes and Chapter 61D-11 Florida Administrative Code They also conduct substantial background examinations of potential permitholders which include in-depth review of the applicantrsquos personal and financial background in order to ensure compliance with Sections 550054 and 5501815 Florida Statutes

Investigations may result in the issuance of administrative charges and hearings before the division director or a designated hearing officer referrals to other regulatory agencies or to law enforcement agencies for criminal prosecution All division rulings are honored within the United States Canada Mexico and Puerto Rico pursuant to the reciprocity agreements with members of the North American Pari-Mutuel Regulators Association (NAPRA)

4

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 3: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

INTR

OD

UC

TIO

N

OVERVIEW

This annual report on pari-mutuel wagering in Florida encompasses the fiscal year which began July 1 2004 and ended June 30 2005 This is the 74th annual report in the series The first annual report was issued for Fiscal Year 19311932 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 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 by Florida law is intended to inform the Governor the Legislature the industry and other interested parties as to pari-mutuel wagering activities The report is organized into five primary sections

1 Introductory Section - An overview of the Division of Pari-Mutuel Wagering 2 Statistical Section - A summary of racing activities pari-mutuel handle and taxes as well as

multiple year comparative trend data 3 Revenue and Other Data by Association - Pari-mutuel handle and taxes by individual racing

association or fronton 4 Financial Section - Official financial statements of the Division of Pari-Mutuel Wagering and

accompanying notes 5 Pari-Mutuel Statute Matrix - A table that summarizes the distribution of handle applicable to pari-

mutuel wagering rules and statutes

EXPLANATION OF REPORT TERMINOLOGY

Florida law requires intertrack wagers to be combined with the wagering pools of the host or the broadcasting Florida track or fronton The law also requires that the host take-out on intertrack wagers be the same as for on-track wagers however the distribution of the take-out may be different The tax structure for on-track and intertrack wagering is explained in more detail in the Pari-Mutuel Statute Matrix section

For purposes of this report on-track schedules include wagering and attendance statistics as compiled on-track for the facility at which a live race or game is being conducted or a race or game broadcast from out-of-state to the facililty For a host pari-mutuel facility the on-track statistics exclude intertrack wagering data for wagers and attendance at guest tracks or frontons and also exclude wagers which are taken at the facility if it is functioning as a guest permitholder receiving intertrack broadcasts Some permitholders do not broadcast races or games to other Florida permitholders

Schedules of intertrack wagering included in this report are compiled for each host permitholder These schedules reflect combined wagering statistics for all guest facilities which received broadcasts and conducted wagering which was included in the wagering pools of the host For host permitholders a Summary of Intertrack Handle components for each guest is shown in the Revenue and Other Data by Association section of this report The schedules of intertrack wagering also include data on wagers collected at intertrack locations on races or games which were imported from out of state and rebroadcast to intertrack locations by the Florida host

2

THE DIVISION OF PARI-MUTUEL WAGERING David J Roberts Director

Joe Dillmore Deputy Director

The Division of Pari-Mutuel Wagering is a program area in the Department of Business and Professional Regulation within the Executive Branch of Floridas government The division is charged with the regulation of Floridas pari-mutuel industries under Florida Statutes as well as collecting and safeguarding revenues due to the state Since 1931 the division has evolved from a racing commission to a professional regulatory organization overseeing a highly complex and sophisticated industry

The Office of the Director maintains general oversight and administration of the division Specific responsibilities include budget planning developing policy and procedures legislative analysis strategic planning communications and administrative actions Additionally the Office of the Director ensures that all functional areas of the division operate in a cooperative effort to achieve the efficient and effective regulatory oversight of the industry

The divisions structure is divided between the Office of Auditing and Office of Operations which act under the management of the Office of the Director Each office focuses upon a different aspect of regulation within the pari-mutuel industry in an effort to protect state revenues and maintain the publics confidence in the integrity of the wagering activity

OFFICE OF AUDITING James S Hakemoller Chief Auditing Officer

The Office of Auditing is responsible for auditing revenue collection financial reporting of pari-mutuel activities in Florida and ensuring the integrity of wagering activity The Office of Auditings mission is to account for and safeguard state revenues as well as to protect the wagering public by ensuring that pari-mutuel wagering is conducted in accordance with Florida Statutes and Florida Administrative Code

The Office of Auditing is divided into two functional areas compliance auditing and accountingfinancial analysis

The auditing staff examines several aspects of pari-mutuel activity to determine permitholder compliance with statutes and rules Various types of compliance audits performed are greyhound purse audits cardroom audits mutuels audits escheat audits totalisator audits charityscholarship audits and other pertinent examinations During Fiscal Year 20042005 the Office of Auditing conducted reviews on 5785 performances 18 greyhound purse audits 25 mutuels audits 26 escheat audits 16 cardroom audits 28 charityscholarship audits 316 30-day report reviews and 15 malfunction report reviews

The accountingfinancial staff ensures that state revenue is collected accurately and timely The staff is responsible for reviewing permitholder financial statements and other financial reports During Fiscal Year 20042005 the accountingfinancial staff conducted 31 permitholder financial statement reviews

Both the compliance auditing and accountingfinancial staff compiles statistical information and performs analyses as requested by the department legislature industry and the governors office

The Office of Auditing is also responsible for oversight of pari-mutuel cardroom operations to ensure the integrity of the cardroom poker games which includes the accurate collection of cardroom revenue A portion of this tax revenue is distributed to the counties and municipalities ensuring compliance with the Florida Statutes and the Florida Administrative Code During Fiscal Year 20042005 the division distributed approximately $476122 to countiesmunicipalities

3

OFFICE OF OPERATIONS Royal H Logan Chief Operating Officer

The Office of Operations has oversight responsibility of state personnel located at each of the 28 pari-mutuel facilities as well as the issuance of occupational licenses

All persons who work at a racetrack fronton or cardroom and who have access to money wagered restricted areas andor racing animals must obtain an occupational license issued by the division During Fiscal Year 20042005 the Office of Operations Licensing Section processed 18461 pari-mutuel occupational license applications for businesses and individuals of which 849 were related to the operation of cardrooms The departmentrsquos Single Licensing System permits applicants for pari-mutuel wagering occupational licenses to obtain them on site Each individual licensed with the division is required to be fingerprinted every five licensing years The fingerprints are then forwarded to the Florida Department of Law Enforcement and Federal Bureau of Investigation for processing Thirty Permitholder Annual Operating Licenses that delineate operating dates were issued

In addition to licensing the Office of Operations is responsible for ensuring that the day-to-day operation of races and games are conducted in accordance with Floridas pari-mutuel rules and statutes The stewards and judges monitor each racegame and conduct inquiries and hearings into alleged violations of the state pari-mutuel rules and statutes The stewards and judges conducted 197 hearings for alleged violations in Fiscal Year 20042005 which resulted in fines totaling $34800 and suspension of occupational licenses for 72 individuals The number of persons who had their occupational license revoked by the division was 12

The Operationsrsquo staff collects urine and blood samples from racing animals which are analyzed for prohibited substances by the Racing Laboratory The Racing Laboratory is operated under a contract with the University of Florida College of Veterinary Medicine State veterinarians and veterinary assistants collected 92468 samples that included 64803 greyhound urine samples 10064 horse urine samples and 10086 horse blood samples during Fiscal Year 20042005 There were 139 positive findings of impermissible substances in the samples collected

The Investigationsrsquo Section examines possible rule or statutory violations that may occur in the pari-mutuel industry including drug positives identified by the University of Florida College of Veterinary Medicine Racing Laboratory Cases range in complexity from the investigation of falsified license applications and animal cruelty to the use of performance altering medications or illegal substances during races This section conducts background investigations of all cardroom occupational license applicants to ensure compliance with Section 849086 Florida Statutes and Chapter 61D-11 Florida Administrative Code They also conduct substantial background examinations of potential permitholders which include in-depth review of the applicantrsquos personal and financial background in order to ensure compliance with Sections 550054 and 5501815 Florida Statutes

Investigations may result in the issuance of administrative charges and hearings before the division director or a designated hearing officer referrals to other regulatory agencies or to law enforcement agencies for criminal prosecution All division rulings are honored within the United States Canada Mexico and Puerto Rico pursuant to the reciprocity agreements with members of the North American Pari-Mutuel Regulators Association (NAPRA)

4

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 4: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

OVERVIEW

This annual report on pari-mutuel wagering in Florida encompasses the fiscal year which began July 1 2004 and ended June 30 2005 This is the 74th annual report in the series The first annual report was issued for Fiscal Year 19311932 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 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 by Florida law is intended to inform the Governor the Legislature the industry and other interested parties as to pari-mutuel wagering activities The report is organized into five primary sections

1 Introductory Section - An overview of the Division of Pari-Mutuel Wagering 2 Statistical Section - A summary of racing activities pari-mutuel handle and taxes as well as

multiple year comparative trend data 3 Revenue and Other Data by Association - Pari-mutuel handle and taxes by individual racing

association or fronton 4 Financial Section - Official financial statements of the Division of Pari-Mutuel Wagering and

accompanying notes 5 Pari-Mutuel Statute Matrix - A table that summarizes the distribution of handle applicable to pari-

mutuel wagering rules and statutes

EXPLANATION OF REPORT TERMINOLOGY

Florida law requires intertrack wagers to be combined with the wagering pools of the host or the broadcasting Florida track or fronton The law also requires that the host take-out on intertrack wagers be the same as for on-track wagers however the distribution of the take-out may be different The tax structure for on-track and intertrack wagering is explained in more detail in the Pari-Mutuel Statute Matrix section

For purposes of this report on-track schedules include wagering and attendance statistics as compiled on-track for the facility at which a live race or game is being conducted or a race or game broadcast from out-of-state to the facililty For a host pari-mutuel facility the on-track statistics exclude intertrack wagering data for wagers and attendance at guest tracks or frontons and also exclude wagers which are taken at the facility if it is functioning as a guest permitholder receiving intertrack broadcasts Some permitholders do not broadcast races or games to other Florida permitholders

Schedules of intertrack wagering included in this report are compiled for each host permitholder These schedules reflect combined wagering statistics for all guest facilities which received broadcasts and conducted wagering which was included in the wagering pools of the host For host permitholders a Summary of Intertrack Handle components for each guest is shown in the Revenue and Other Data by Association section of this report The schedules of intertrack wagering also include data on wagers collected at intertrack locations on races or games which were imported from out of state and rebroadcast to intertrack locations by the Florida host

2

THE DIVISION OF PARI-MUTUEL WAGERING David J Roberts Director

Joe Dillmore Deputy Director

The Division of Pari-Mutuel Wagering is a program area in the Department of Business and Professional Regulation within the Executive Branch of Floridas government The division is charged with the regulation of Floridas pari-mutuel industries under Florida Statutes as well as collecting and safeguarding revenues due to the state Since 1931 the division has evolved from a racing commission to a professional regulatory organization overseeing a highly complex and sophisticated industry

The Office of the Director maintains general oversight and administration of the division Specific responsibilities include budget planning developing policy and procedures legislative analysis strategic planning communications and administrative actions Additionally the Office of the Director ensures that all functional areas of the division operate in a cooperative effort to achieve the efficient and effective regulatory oversight of the industry

The divisions structure is divided between the Office of Auditing and Office of Operations which act under the management of the Office of the Director Each office focuses upon a different aspect of regulation within the pari-mutuel industry in an effort to protect state revenues and maintain the publics confidence in the integrity of the wagering activity

OFFICE OF AUDITING James S Hakemoller Chief Auditing Officer

The Office of Auditing is responsible for auditing revenue collection financial reporting of pari-mutuel activities in Florida and ensuring the integrity of wagering activity The Office of Auditings mission is to account for and safeguard state revenues as well as to protect the wagering public by ensuring that pari-mutuel wagering is conducted in accordance with Florida Statutes and Florida Administrative Code

The Office of Auditing is divided into two functional areas compliance auditing and accountingfinancial analysis

The auditing staff examines several aspects of pari-mutuel activity to determine permitholder compliance with statutes and rules Various types of compliance audits performed are greyhound purse audits cardroom audits mutuels audits escheat audits totalisator audits charityscholarship audits and other pertinent examinations During Fiscal Year 20042005 the Office of Auditing conducted reviews on 5785 performances 18 greyhound purse audits 25 mutuels audits 26 escheat audits 16 cardroom audits 28 charityscholarship audits 316 30-day report reviews and 15 malfunction report reviews

The accountingfinancial staff ensures that state revenue is collected accurately and timely The staff is responsible for reviewing permitholder financial statements and other financial reports During Fiscal Year 20042005 the accountingfinancial staff conducted 31 permitholder financial statement reviews

Both the compliance auditing and accountingfinancial staff compiles statistical information and performs analyses as requested by the department legislature industry and the governors office

The Office of Auditing is also responsible for oversight of pari-mutuel cardroom operations to ensure the integrity of the cardroom poker games which includes the accurate collection of cardroom revenue A portion of this tax revenue is distributed to the counties and municipalities ensuring compliance with the Florida Statutes and the Florida Administrative Code During Fiscal Year 20042005 the division distributed approximately $476122 to countiesmunicipalities

3

OFFICE OF OPERATIONS Royal H Logan Chief Operating Officer

The Office of Operations has oversight responsibility of state personnel located at each of the 28 pari-mutuel facilities as well as the issuance of occupational licenses

All persons who work at a racetrack fronton or cardroom and who have access to money wagered restricted areas andor racing animals must obtain an occupational license issued by the division During Fiscal Year 20042005 the Office of Operations Licensing Section processed 18461 pari-mutuel occupational license applications for businesses and individuals of which 849 were related to the operation of cardrooms The departmentrsquos Single Licensing System permits applicants for pari-mutuel wagering occupational licenses to obtain them on site Each individual licensed with the division is required to be fingerprinted every five licensing years The fingerprints are then forwarded to the Florida Department of Law Enforcement and Federal Bureau of Investigation for processing Thirty Permitholder Annual Operating Licenses that delineate operating dates were issued

In addition to licensing the Office of Operations is responsible for ensuring that the day-to-day operation of races and games are conducted in accordance with Floridas pari-mutuel rules and statutes The stewards and judges monitor each racegame and conduct inquiries and hearings into alleged violations of the state pari-mutuel rules and statutes The stewards and judges conducted 197 hearings for alleged violations in Fiscal Year 20042005 which resulted in fines totaling $34800 and suspension of occupational licenses for 72 individuals The number of persons who had their occupational license revoked by the division was 12

The Operationsrsquo staff collects urine and blood samples from racing animals which are analyzed for prohibited substances by the Racing Laboratory The Racing Laboratory is operated under a contract with the University of Florida College of Veterinary Medicine State veterinarians and veterinary assistants collected 92468 samples that included 64803 greyhound urine samples 10064 horse urine samples and 10086 horse blood samples during Fiscal Year 20042005 There were 139 positive findings of impermissible substances in the samples collected

The Investigationsrsquo Section examines possible rule or statutory violations that may occur in the pari-mutuel industry including drug positives identified by the University of Florida College of Veterinary Medicine Racing Laboratory Cases range in complexity from the investigation of falsified license applications and animal cruelty to the use of performance altering medications or illegal substances during races This section conducts background investigations of all cardroom occupational license applicants to ensure compliance with Section 849086 Florida Statutes and Chapter 61D-11 Florida Administrative Code They also conduct substantial background examinations of potential permitholders which include in-depth review of the applicantrsquos personal and financial background in order to ensure compliance with Sections 550054 and 5501815 Florida Statutes

Investigations may result in the issuance of administrative charges and hearings before the division director or a designated hearing officer referrals to other regulatory agencies or to law enforcement agencies for criminal prosecution All division rulings are honored within the United States Canada Mexico and Puerto Rico pursuant to the reciprocity agreements with members of the North American Pari-Mutuel Regulators Association (NAPRA)

4

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 5: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

THE DIVISION OF PARI-MUTUEL WAGERING David J Roberts Director

Joe Dillmore Deputy Director

The Division of Pari-Mutuel Wagering is a program area in the Department of Business and Professional Regulation within the Executive Branch of Floridas government The division is charged with the regulation of Floridas pari-mutuel industries under Florida Statutes as well as collecting and safeguarding revenues due to the state Since 1931 the division has evolved from a racing commission to a professional regulatory organization overseeing a highly complex and sophisticated industry

The Office of the Director maintains general oversight and administration of the division Specific responsibilities include budget planning developing policy and procedures legislative analysis strategic planning communications and administrative actions Additionally the Office of the Director ensures that all functional areas of the division operate in a cooperative effort to achieve the efficient and effective regulatory oversight of the industry

The divisions structure is divided between the Office of Auditing and Office of Operations which act under the management of the Office of the Director Each office focuses upon a different aspect of regulation within the pari-mutuel industry in an effort to protect state revenues and maintain the publics confidence in the integrity of the wagering activity

OFFICE OF AUDITING James S Hakemoller Chief Auditing Officer

The Office of Auditing is responsible for auditing revenue collection financial reporting of pari-mutuel activities in Florida and ensuring the integrity of wagering activity The Office of Auditings mission is to account for and safeguard state revenues as well as to protect the wagering public by ensuring that pari-mutuel wagering is conducted in accordance with Florida Statutes and Florida Administrative Code

The Office of Auditing is divided into two functional areas compliance auditing and accountingfinancial analysis

The auditing staff examines several aspects of pari-mutuel activity to determine permitholder compliance with statutes and rules Various types of compliance audits performed are greyhound purse audits cardroom audits mutuels audits escheat audits totalisator audits charityscholarship audits and other pertinent examinations During Fiscal Year 20042005 the Office of Auditing conducted reviews on 5785 performances 18 greyhound purse audits 25 mutuels audits 26 escheat audits 16 cardroom audits 28 charityscholarship audits 316 30-day report reviews and 15 malfunction report reviews

The accountingfinancial staff ensures that state revenue is collected accurately and timely The staff is responsible for reviewing permitholder financial statements and other financial reports During Fiscal Year 20042005 the accountingfinancial staff conducted 31 permitholder financial statement reviews

Both the compliance auditing and accountingfinancial staff compiles statistical information and performs analyses as requested by the department legislature industry and the governors office

The Office of Auditing is also responsible for oversight of pari-mutuel cardroom operations to ensure the integrity of the cardroom poker games which includes the accurate collection of cardroom revenue A portion of this tax revenue is distributed to the counties and municipalities ensuring compliance with the Florida Statutes and the Florida Administrative Code During Fiscal Year 20042005 the division distributed approximately $476122 to countiesmunicipalities

3

OFFICE OF OPERATIONS Royal H Logan Chief Operating Officer

The Office of Operations has oversight responsibility of state personnel located at each of the 28 pari-mutuel facilities as well as the issuance of occupational licenses

All persons who work at a racetrack fronton or cardroom and who have access to money wagered restricted areas andor racing animals must obtain an occupational license issued by the division During Fiscal Year 20042005 the Office of Operations Licensing Section processed 18461 pari-mutuel occupational license applications for businesses and individuals of which 849 were related to the operation of cardrooms The departmentrsquos Single Licensing System permits applicants for pari-mutuel wagering occupational licenses to obtain them on site Each individual licensed with the division is required to be fingerprinted every five licensing years The fingerprints are then forwarded to the Florida Department of Law Enforcement and Federal Bureau of Investigation for processing Thirty Permitholder Annual Operating Licenses that delineate operating dates were issued

In addition to licensing the Office of Operations is responsible for ensuring that the day-to-day operation of races and games are conducted in accordance with Floridas pari-mutuel rules and statutes The stewards and judges monitor each racegame and conduct inquiries and hearings into alleged violations of the state pari-mutuel rules and statutes The stewards and judges conducted 197 hearings for alleged violations in Fiscal Year 20042005 which resulted in fines totaling $34800 and suspension of occupational licenses for 72 individuals The number of persons who had their occupational license revoked by the division was 12

The Operationsrsquo staff collects urine and blood samples from racing animals which are analyzed for prohibited substances by the Racing Laboratory The Racing Laboratory is operated under a contract with the University of Florida College of Veterinary Medicine State veterinarians and veterinary assistants collected 92468 samples that included 64803 greyhound urine samples 10064 horse urine samples and 10086 horse blood samples during Fiscal Year 20042005 There were 139 positive findings of impermissible substances in the samples collected

The Investigationsrsquo Section examines possible rule or statutory violations that may occur in the pari-mutuel industry including drug positives identified by the University of Florida College of Veterinary Medicine Racing Laboratory Cases range in complexity from the investigation of falsified license applications and animal cruelty to the use of performance altering medications or illegal substances during races This section conducts background investigations of all cardroom occupational license applicants to ensure compliance with Section 849086 Florida Statutes and Chapter 61D-11 Florida Administrative Code They also conduct substantial background examinations of potential permitholders which include in-depth review of the applicantrsquos personal and financial background in order to ensure compliance with Sections 550054 and 5501815 Florida Statutes

Investigations may result in the issuance of administrative charges and hearings before the division director or a designated hearing officer referrals to other regulatory agencies or to law enforcement agencies for criminal prosecution All division rulings are honored within the United States Canada Mexico and Puerto Rico pursuant to the reciprocity agreements with members of the North American Pari-Mutuel Regulators Association (NAPRA)

4

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

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NU

E A

ND

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DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 6: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

OFFICE OF OPERATIONS Royal H Logan Chief Operating Officer

The Office of Operations has oversight responsibility of state personnel located at each of the 28 pari-mutuel facilities as well as the issuance of occupational licenses

All persons who work at a racetrack fronton or cardroom and who have access to money wagered restricted areas andor racing animals must obtain an occupational license issued by the division During Fiscal Year 20042005 the Office of Operations Licensing Section processed 18461 pari-mutuel occupational license applications for businesses and individuals of which 849 were related to the operation of cardrooms The departmentrsquos Single Licensing System permits applicants for pari-mutuel wagering occupational licenses to obtain them on site Each individual licensed with the division is required to be fingerprinted every five licensing years The fingerprints are then forwarded to the Florida Department of Law Enforcement and Federal Bureau of Investigation for processing Thirty Permitholder Annual Operating Licenses that delineate operating dates were issued

In addition to licensing the Office of Operations is responsible for ensuring that the day-to-day operation of races and games are conducted in accordance with Floridas pari-mutuel rules and statutes The stewards and judges monitor each racegame and conduct inquiries and hearings into alleged violations of the state pari-mutuel rules and statutes The stewards and judges conducted 197 hearings for alleged violations in Fiscal Year 20042005 which resulted in fines totaling $34800 and suspension of occupational licenses for 72 individuals The number of persons who had their occupational license revoked by the division was 12

The Operationsrsquo staff collects urine and blood samples from racing animals which are analyzed for prohibited substances by the Racing Laboratory The Racing Laboratory is operated under a contract with the University of Florida College of Veterinary Medicine State veterinarians and veterinary assistants collected 92468 samples that included 64803 greyhound urine samples 10064 horse urine samples and 10086 horse blood samples during Fiscal Year 20042005 There were 139 positive findings of impermissible substances in the samples collected

The Investigationsrsquo Section examines possible rule or statutory violations that may occur in the pari-mutuel industry including drug positives identified by the University of Florida College of Veterinary Medicine Racing Laboratory Cases range in complexity from the investigation of falsified license applications and animal cruelty to the use of performance altering medications or illegal substances during races This section conducts background investigations of all cardroom occupational license applicants to ensure compliance with Section 849086 Florida Statutes and Chapter 61D-11 Florida Administrative Code They also conduct substantial background examinations of potential permitholders which include in-depth review of the applicantrsquos personal and financial background in order to ensure compliance with Sections 550054 and 5501815 Florida Statutes

Investigations may result in the issuance of administrative charges and hearings before the division director or a designated hearing officer referrals to other regulatory agencies or to law enforcement agencies for criminal prosecution All division rulings are honored within the United States Canada Mexico and Puerto Rico pursuant to the reciprocity agreements with members of the North American Pari-Mutuel Regulators Association (NAPRA)

4

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 7: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

UNIVERSITY OF FLORIDA COLLEGE OF VETERINARY MEDICINE RACING LABORATORY

The University of Florida College of Veterinary Medicine Racing Laboratory detects and identifies any drug medication stimulant depressant hypnotic local anesthetic or drug-masking agent prohibited in the blood urine or other bodily fluid of racing horses and greyhounds

During Fiscal Year 20042005 the laboratory received and processed 84953 samples which resulted in 554529 analyses being conducted on these samples The vigilant monitoring of samples by the laboratory serves to deter the illegal use of drugs in racing animals in Florida

Samples Received

Samples Analyzed

Number of Analyses

Positives

Horse UrineBlood

Greyhound Urine Other 3 Miscellaneous 1

20150 64803 4 582

20250 2 27665 4 582

310054 244475 100 7651

103 36 0 NA

1 Administration Quality Assurance and Service Samples (Not included in Annual Totals) 2 The Samples Analyzed number is larger than the Samples Received number due to the carryover of samples

received in June that are analyzed in July of the next fiscal year 3 Any samples analyzed other than blood and urine

DRUG POSITIVES FOR FISCAL YEAR 20042005

Types of Positives (ARCI Drug Class) Horse Greyhound Ace Promazine Metabolite (3) 3 -Acetaminophen (4) 3 -Albuterol (3) 5 -Benzoylecgonine (1) 1 14 Benzoylecgonine (1)Ace Promazine Metabolite (3) 1 -Butorphanol (3) 1 -Caffeine (2) 1 -Clenbuterol (3) 4 -Dimethyl Sulfoxide (5) 5 8 Ergonovine (4) 1 -Flunixin (4) 2 1 Furosemide (NA) 2 1 Gamma-Hydroxphenylbutazone (NA) - 2 Glycopyrrolate (3) 13 -Guaifenesin (4) 1 -Hydroxydetomidine (3) 2 -Hydroxydetomidine (3) Theobromine (4) 1 -Ketoprofen (4) 1 -Methocarbamo (4) 8 -Naproxen (4) 1 -Phenylbutazone (NA)Oxyphenbutazone (4) 36 -Phenylpropanolamine (3)Pseudoephedrine (3)Ephedrine(2) 1 -Procaine (3) 1 -Theobromine (4) 3 9 Theobromine (4)Theophylline (3) 4 -Xanthenoic Acid (4) - 1 Xylazine Hydroxyxylazine (3) 1 -Hydroxyxylazine (3) 1 -

TOTAL 103 36

5

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 8: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Events Shaping the 20042005 RacingGaming Season in Florida

bull Chapter 2003-295 Laws of Florida amended Section 849086 Florida Statutes permitting a bet limit of $2 for up to three raises per round for players who participate in authorized cardroom poker games The number of cardroom occupational licenses increased from 966 in Fiscal Year 20032004 to 1483 in Fiscal Year 20042005 with associated revenue improving from $38640 to $91250 The number of cardroom tables increased from 290 in Fiscal Year 20032004 to 371 in Fiscal Year 20042005 Taxable gross receipts increased from $18498426 to $38089764 and total revenue to the State expanded from $2100343 to $4046977

bull Chapter 2004-23 Laws of Florida created Section 5501648 Florida Statutes permitting a greyhound permitholder to hold one additional charity day designated as ldquoGreyhound Adopt-A-Pet Dayrdquo for additional funding of local greyhound adoption activities This statutory change requires more information to be provided at the greyhound tracks regarding local greyhound adoptions Rules related to this statutory change were implemented and effective September 9 2004

bull On November 6 2004 and May 15 2005 the American Greyhound Track Operatorsrsquo Association sponsored the National Greyhound Night of Stars This national event is conducted each year as an effort to raise public interest in greyhound racing Several Florida tracks as well as other greyhound facilities around the nation participated in live andor simulcast broadcasts of greyhound racing Total wagered for the two-day event was $2174541 nationwide with $656673 being wagered at Florida tracks

bull Greyhounds were inflicted with an upper respiratory infection which had started in June 2004 and continued into Fiscal Year 20042005 All greyhound tracks imposed quarantines This resulted in the loss of 1080 races due to an insufficient number of greyhounds able to race

bull Hurricanes Charles Frances Ivan and Jeanne caused major damage at several pari-mutuel facilities A total of 2484 races and games were cancelled due to the effects of the hurricanes Pensacola Greyhound Track was closed for approximately 4 months and Fort Pierce Jai Alai did not operate during any of its 20042005 meet

bull Gulfstream Park a thoroughbred racing facility in Hallandale underwent an extensive renovation project during the fiscal year The old grandstand and clubhouse buildings were torn down in July 2004 and the racetrack itself was lengthened from a mile in distance to a mile and an eighth

bull Hamilton Jai Alai and Poker were granted performance dates by the Division on March 15 2005 Their first performance was conducted on September 17 2005 which is in Fiscal Year 20052006 No operational or financial data for Hamilton Jai Alai and Poker appears in this report

bull Chapter 2005-288 Laws of Florida reduced the definition for a full schedule of live games from 100 to 40 performances applicable to jai alai permitholders that do not operate slot machines under certain conditions In addition Chapter 550 Florida Statutes were amended to encompass the following

o Jai Alai permitholders conducting fewer than 100 live performances would be required to pay an equivalent amount of taxes and fees as prior to the reduction in live performances

o Quarter horse permits would be subject to county election to ratify or revoke a permit application

o Restricts quarter horse permitholders from racing thoroughbreds except with written consent of all greyhound harness and thoroughbred permitholders within 50 air miles of a quarter horse facility and then up to 50 percent of the races may consist of thoroughbreds registered with the Jockeysrsquo Guild

o Written consent of greyhound harness and thoroughbred permitholders for quarter horse permitholders conducting intertrack wagering

o Permits the transfer of a cardroom license without county referendum for permits relocated in a county where only one greyhound and one jai alai permit have been issued

6

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 9: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STA

TIS

TIC

AL

SE

CTI

ON

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 10: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

COMPONENTS OF PARI-MUTUEL HANDLE FOR REGULAR PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Hialeah Racing Association LLC Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

Permitholder Revenues From Total

Daily Tax on Pari-Mutuel Public Pari-Mutuel License Fee Handle Handle Pool Handle (1)

$92860 $490915 $4332274 $15899544 0 0 1566258 5243673

13120 20197 3026581 7792183 243840 256337 1185221 3879011 142380 781146 5490197 21046534 145380 870573 5951806 22208659 42000 506441 6340187 21980394

186160 174231 1091530 3367263 70160 16071 259090 806283

211440 969458 7229161 28247784 137220 1509068 10892634 40075540 347920 3089865 17516791 67381169

0 0 1015418 2913186 0 0 1749581 5863850

21120 60130 2127890 7384081 25040 256289 5038387 16987175

124400 1390952 14905372 52532001 53920 464199 4827714 17322160

$1856960 $10855872 $94546092 $340930490

$129280 $0 $5562103 $18421484 40800 0 407257 1467306

0 0 0 0 121160 0 6031126 17559595 35120 0 208457 649640

123280 0 5644978 16467693 90080 0 3296853 10960828

$539720 $0 $21150774 $65526546

$210000 $4924545 $64455538 $264835923 134400 2469385 35977980 153170025

0 0 0 0 165500 1744992 23126138 87544960 86200 1532908 21534229 86449897

$596100 $10671830 $145093885 $592000805

345000 1179838 21553518 76773052

$3337780 $22707540 $282344269 $1075230893

$208155936809931

108520815564409

27460257291764182886902248191841151604

366578435261446288335745

392860476134319593221

223068916895272522667993

$448189414

$241128671915363

023711881

8932172223595114347761

$87217040

$334426006191751790

0112581590109603234

$748362620

99851408

$1383620482

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

7

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 11: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

COMPONENTS OF PARI-MUTUEL HANDLE FOR CHARITYSCHOLARSHIP PERFORMANCES

Fiscal Year 20042005

Greyhound Racing Associations Bet Miami Greyhounds CCC Racing (Collins and Collins Partnership) Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jacksonville Kennel Club Inc Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) Orange Park Kennel Club Inc Palm Beach Kennel Club (Investment Corporation of Palm Beach) Pensacola Greyhound Track Inc Sanford-Orlando Kennel Club Inc Sarasota Kennel Club Inc St Johns Greyhound Park (Bayard Raceways Inc) St Petersburg Kennel Club Inc Tampa Greyhound Track (Associated Outdoor Clubs Inc)

Total Greyhound Tracks

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) Florida Jai Alai Inc (Orlando-Seminole Jai Alai) Ft Pierce Jai Alai (Florida Gaming Centers Inc) Miami Jai Alai (Florida Gaming Centers Inc) Ocala Jai Alai (Lake Fron Inc) Summer Jai Alai Summersport Enterprises Ltd (The Aragon Group Inc)

Total Jai Alai Frontons

Thoroughbred Racing Associations Calder Race Course Inc Gulfstream Park Racing Association Inc Tampa Bay Downs Inc Tropical Park Inc

Total Thoroughbred Tracks

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL TRACKS AND FRONTONS

(1)Tax on Attendance excluded from Total Pari-Mutuel Handle

Minimum Permitholder

Revenues From Required Pari-Mutuel Public Payment Handle Pool

$12980 $95763 $261427 $1190646 0 0 0 0

13120 42093 101013 397628 14400 34282 87551 314849 11620 88833 241831 1132005 13060 113734 307692 1391095 12720 239708 674891 2969825 12320 21195 50552 194817 12800 19521 44270 180264 11120 73823 188376 925113 12720 195447 628755 2682371 13280 169529 516054 2259967

0 0 0 0 11200 40278 69602 408894 8800 53243 98337 540181

13220 205530 588764 2594377 13920 290508 759334 3411370 13280 167003 438351 2005226

$200560 $1850490 $5056800 $22598628

$1560 $6655 $63782 $232989 3960 3084 76970 274875

0 0 0 0 1120 11505 76537 254819

0 0 0 0 1120 11507 61380 211341 1080 2224 24574 90110

$8840 $34975 $303243 $1064134

$9100 $308873 $4400949 $18102963 8100 219793 3386543 14552446 8600 125781 1792607 6913665 8400 282344 4347865 17363006

$34200 $936791 $13927964 $56932080

8300 31761 593964 2127265

$251900 $2854017 $19881971 $82722107

Daily License Fee

Total Pari-Mutuel Handle (1)

$15608160

553854451082

147428918255813897144

278884256855

119843235192932958830

0529974700561

340189144751322623860

$29706478

$304986358889

0343981

0285348117988

$1411192

$2282188518166882

884065322001615

$71831035

2761290

$105709995

8

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 12: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

TOTAL REGULAR AND CHARITYSCHOLARSHIP HANDLE

TOTAL TOTAL CHARITY Fiscal Year 20042005 REGULAR SCHOLARSHIP

Live Simulcast ITW ITWS HANDLE Live Simulcast ITW ITWS HANDLE Greyhound Racing Associations

Bet Miami Greyhounds $5798283 $4015183 $7130497 $3871630 $20815593 $536728 $300524 $489745 $233819 $1560816 CCC Racing (Collins and Collins Partnership) 6809931 0 0 0 6809931 0 0 0 0 0 Daytona Beach Kennel Club Inc 10852081 0 0 0 10852081 553854 0 0 0 553854 Ebro Greyhound Park (Washington County Kennel Club Inc) 5564409 0 0 0 5564409 451082 0 0 0 451082 Flagler Greyhound Track (West Flagler Associates Ltd) 6403837 4692631 9891003 6472786 27460257 415363 234480 472102 352344 1474289 Hollywood Greyhound Track (Hartman amp Tyner Inc) 9590996 6493160 8741434 4350828 29176418 706877 399516 491489 227699 1825581 Jacksonville Kennel Club Inc 7654430 0 21214592 0 28869022 1143224 0 2753920 0 3897144 Jefferson County Kennel Club Inc 4819184 0 0 0 4819184 278884 0 0 0 278884 Melbourne Greyhound Park LLC 1151604 0 0 0 1151604 256855 0 0 0 256855 Naples-Ft Myers Greyhound Park (Southwest FL Enterprises Inc) 21154727 0 15503116 0 36657843 820559 0 377873 0 1198432 Orange Park Kennel Club Inc 11556202 31560 40704864 321836 52614462 870169 0 2649124 0 3519293 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 37122194 4453 51209098 0 88335745 1526730 0 1432100 0 2958830 Pensacola Greyhound Track Inc 3928604 0 0 0 3928604 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 7613431 0 0 0 7613431 529974 0 0 0 529974 Sarasota Kennel Club Inc 9593221 0 0 0 9593221 700561 0 0 0 700561 St Johns Greyhound Park (Bayard Raceways Inc) 5102340 1187 17199826 3538 22306891 824789 29410 2288186 259506 3401891 St Petersburg Kennel Club Inc 29293039 0 39659686 0 68952725 2190448 0 2284684 0 4475132 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 5842545 1017 16823471 960 22667993 774812 0 1849048 0 2623860

Total Greyhound Tracks $189851058 $15239191 $228077587 $15021578 $448189414 $12580909 $963930 $15088271 $1073368 $29706478

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $10739203 $0 $13373664 $0 $24112867 $91016 $0 $213970 $0 $304986 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 1915363 0 0 0 1915363 358889 0 0 0 358889 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 10518278 0 13193603 0 23711881 174893 0 169088 0 343981 Ocala Jai Alai (Lake Fron Inc) 893217 0 0 0 893217 0 0 0 0 0 Summer Jai Alai 9903787 0 12332164 0 22235951 145097 0 140251 0 285348 Summersport Enterprises Ltd (The Aragon Group Inc) 6157464 0 8190297 0 14347761 45268 0 72720 0 117988

Total Jai Alai Frontons $40127312 $0 $47089728 $0 $87217040 $815163 $0 $596029 $0 $1411192

Thoroughbred Racing Associations Calder Race Course Inc $40932744 $91143185 $25363702 $176986375 $334426006 $4514378 $6305264 $2029057 $9973186 $22821885 Gulfstream Park Racing Association Inc 49979732 40303939 33474373 67993746 191751790 5413332 3845103 3269202 5639245 18166882 Hialeah Racing Association LLC 0 0 0 0 0 0 0 0 0 0 Tampa Bay Downs Inc 25725940 10251563 31567877 45036210 112581590 2523916 622137 2896423 2798177 8840653 Tropical Park Inc 19542738 28082659 13446606 48531231 109603234 4755237 6442630 2344567 8459181 22001615

Total Thoroughbred Tracks $136181154 $169781346 $103852558 $338547562 $748362620 $17206863 $17215134 $10539249 $26869789 $71831035

Harness Racing Associations Pompano Park Racing (PPI Inc) 11321788 28971444 6559059 52999117 99851408 494175 745226 266429 1255460 2761290

TOTAL FOR ALL TRACKS AND FRONTONS $377481312 $213991981 $385578932 $406568257 $1383620482 $31097110 $18924290 $26489978 $29198617 $105709995

ON-TRACK ON-TRACKINTERTRACK INTERTRACK

9

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

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E A

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TA B

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OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 13: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

TOTAL REGULAR PERFORMANCES REVENUE ITW ITW SIM

Daily Total Live Daily Total Simulcast TOTAL TAXES Fiscal Year 20042005 Tax on License Taxes and License Taxes and and FEES

Handle Fee Fees Collected Fee Fees Collected COLLECTED Greyhound Racing Associations

Bet Miami Greyhounds $172370 $69360 $241730 $110500 $23500 $134000 $151845 $56200 $583775 CCC Racing (Collins and Collins Partnership) 0 0 0 0 0 0 0 0 0 Daytona Beach Kennel Club Inc 20197 13120 33317 0 0 0 0 0 33317 Ebro Greyhound Park (Washington County Kennel Club Inc) 256337 243840 500177 0 0 0 0 0 500177 Flagler Greyhound Track (West Flagler Associates Ltd) 211638 104880 316518 137739 37500 175239 296303 135466 923526 Hollywood Greyhound Track (Hartman amp Tyner Inc) 325699 110880 436579 229667 34500 264167 209181 106026 1015953 Jacksonville Kennel Club Inc 146984 42000 188984 0 0 0 359457 0 548441 Jefferson County Kennel Club Inc 174231 186160 360391 0 0 0 0 0 360391 Melbourne Greyhound Park LLC 16071 70160 86231 0 0 0 0 0 86231 Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) 686167 211440 897607 0 0 0 283291 0 1180898 Orange Park Kennel Club Inc 409938 136640 546578 1736 580 2316 1082335 15059 1646288 Palm Beach Kennel Club (Investment Corporation of Palm Beach) 1539292 347680 1886972 246 240 486 1550327 0 3437785 Pensacola Greyhound Track Inc 0 0 0 0 0 0 0 0 0 Sanford-Orlando Kennel Club Inc 0 0 0 0 0 0 0 0 0 Sarasota Kennel Club Inc 60130 21120 81250 0 0 0 0 0 81250 St Johns Greyhound Park (Bayard Raceways Inc) 66343 24960 91303 23 80 103 189840 83 281329 St Petersburg Kennel Club Inc 649980 124400 774380 0 0 0 740972 0 1515352 Tampa Greyhound Track (Associated Outdoor Clubs Inc) 134260 53840 188100 56 80 136 329846 37 518119

Total Greyhound Tracks $4869637 $1760480 $6630117 $479967 $96480 $576447 $5193397 $312871 $12712832

Jai Alai Frontons Dania Jai Alai (The Aragon Group Inc) $0 $129280 $129280 $0 $0 $0 $0 $0 $129280 Florida Jai Alai Inc (Orlando-Seminole Jai Alai) 0 40800 40800 0 0 0 0 0 40800 Ft Pierce Jai Alai (Florida Gaming Centers Inc) 0 0 0 0 0 0 0 0 0 Miami Jai Alai (Florida Gaming Centers Inc) 0 121160 121160 0 0 0 0 0 121160 Ocala Jai Alai (Lake Fron Inc) 0 35120 35120 0 0 0 0 0 35120 Summer Jai Alai 0 123280 123280 0 0 0 0 0 123280 Summersport Enterprises Ltd (The Aragon Group Inc) 0 90080 90080 0 0 0 0 0 90080

Total Jai Alai Frontons $0 $539720 $539720 $0 $0 $0 $0 $0 $539720

Thoroughbred Racing Associations Calder Race Course Inc $178318 $121500 $299818 $455716 $88500 $544216 $458233 $3832278 $5134545 Gulfstream Park Racing Association Inc 249899 80900 330799 201520 53500 255020 577192 1440774 2603785 Tampa Bay Downs Inc 128630 94400 223030 51259 71100 122359 484234 1080869 1910492 Tropical Park Inc 83895 53700 137595 140413 32500 172913 234180 1074420 1619108

Total Thoroughbred Tracks $640742 $350500 $991242 $848908 $245600 $1094508 $1753839 $7428341 $11267930

Harness Racing Associations Pompano Park Racing (PPI Inc) 56609 169000 225609 144858 176000 320858 203601 774770 1524838

TOTAL FOR ALL TRACKS AND FRONTONS $5566988 $2819700 $8386688 $1473733 $518080 $1991813 $7150837 $8515982 $26045320

LIVE SIMULCAST

Tax on Handle

Tax on Handle

Tax on Handle

10

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 14: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

DIVISION OF PARI-MUTUEL WAGERING SUMMARY OF STATE REVENUE FROM PARI-MUTUEL ACTIVITIES

FISCAL YEAR 20042005

State Revenue From Regular Performances Tax on Attendance $ 174544 Daily License Fees 3337780 Tax on Handle 7040721

Total State Revenue From Regular Performances $ 10553045

State Revenue From Intertrack Performances Tax on Handle $ 15666819

State Revenue From Charity Performances Daily License Fees $ 251900

Total State Revenue From Pari-Mutuel Performances $ 26471764

Other State Revenue Occupational Licenses $ 637782 Fingerprint Fees 293095 Escheated Tickets From Greyhound and Jai Alai (1) 1593859 Racing Scholarship Funds (1) 5979 Racing Research Trust Fund - Fines 28425 Miscellaneous Revenue 3326 Miscellaneous Fines 27400

Total Other State Revenue $ 2589866

State Revenue From Cardrooms Table Fees $ 238000 Gross Receipts Tax 3808977 Occupational Licenses 91250

Total State Revenue From Cardrooms $ 4138227

Total State Revenue Generated $ 33199857

(1) Escheated Tickets from Greyhound Racing and Jai Alai Gaming and Racing Scholarship Funds are distributed to the Department of Education

11

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 15: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

FISCAL YEARS COMPARATIVE DATA

Beginning with the 19311932 Fiscal Year the state began collecting taxes on pari-mutuel wagering In most recent years pari-mutuel handle has steadily declined During that initial year the pari-mutuel industry operated 462 racing days in Florida which resulted in state revenue of $737301 total paid attendance of 1157161 and total pari-mutuel handle of $17365424

For Fiscal Years 19311932 through 20042005 approximately $633 billion in pari-mutuel handle wagered resulted in nearly $37 billion in state revenue This fiscal year total handle was $14 billion and state revenue was $332 million from 4300 cumulative operating days

Shown below is a summary of pari-mutuel handle and state revenue for Fiscal Years 19951996 through 20042005

PARI-MUTUEL HANDLE AND STATE REVENUE SUMMARY

Fiscal Year 19951996 19961997 19971998 19981999 19992000 20002001 20012002 20022003 20032004 20042005

Number of Racing Days

4692 4773 4969 4604 4557 4475 4487 4243 4342 4300

Total Paid Attendance (1)

9403703 8579944 7679823 3621059 3437073 3040755 2836869 2742429 2804583 2135044

Total Pari-Mutuel Handle (2)

$1525851211$1592442941$1609182244$1611699224$1656229260$1602300077$1596945465$1536568898$1439870758$1383620482

Total State Revenue (3) $92976956 $76335094 $71475527 $62934837 $59785130 $36819451 $37114026 $34335380 $34218813 $33199857

State Revenue as a Percent

of Handle 609 480 444 390 361 230 232 223 238 240

1 Due to the revision of Section 5500951(2)(b) FS which no longer requires tax on free admission this chart only reflects paid admissions beginning in Fiscal Year 19981999

2 Excludes charityscholarship handle

3 Includes taxes fees fines and miscellaneous state revenue

12

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 16: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

500

1000

1500

2000 H

andl

e ($

in m

illio

ns)

Fiscal Year

Pari-Mutuel Handle by Industry Fiscal Years 19951996-20042005

Jai Alai Total Handle Greyhound Total Handle Horse Total Handle Total Handle

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Stat

e R

even

ue ($

in m

illio

ns)

Fiscal Year

State Tax Revenue by Industry Fiscal Years 19951996-20042005

Jai Alai State Revenue Horse State Revenue Greyhound State Revenue Total State Revenue

13

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 17: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1000

2000

3000

4000

5000

6000

7000 Pe

rfor

man

ces

Fiscal Year

Number of Pari-Mutuel Performances Fiscal Years 19951996-20042005

Horse Performances Jai Alai Performances Greyhound Performances Total Performances

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

20

40

60

80

100

120

Purs

es P

aid

($ in

mill

ions

)

Purses Paid Fiscal Years 19951996-20042005

Fiscal Year

Greyhound Purses Paid Horse Purses Paid Total Purses Paid

14

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 18: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

2 2 2 2 2

HISTORICAL PARI-MUTUEL WAGERING ACTIVITY

1986

19

87

1988

19

89

1990

19

91

1992

19

93

1994

19

95

1996

19

97

1998

19

99

2000

20

01

2002

20

03

2004

20

05

0

1

2

3

4

5

6

7

8

9

Effe

ctiv

e Ta

x R

ate

Fiscal Year

Total Tax as a Percentage of Handle ALL INDUSTRIES

Fiscal Years 19851986-20042005

Horse Jai Alai Greyhound

1996

1997

1998

1999

2000 001

002

003

004

005

0

250

500

750

1000

1250

1500

1750

2000

Han

dle

($ in

mill

ions

)

Total Pari-Mutuel Handle ALL PERMITHOLDERS

Fiscal Years 19951996-20042005

Fiscal Year

Simulcast Intertrack Simulcast Intertrack LiveOntrack Total Handle

15

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 19: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

CHARITY AND SCHOLARSHIP PERFORMANCES

With several exceptions each permitholder may operate up to five additional days designated as charity or scholarship days during their regular meet Proceeds from these additional days are paid to approved charities major state and private institutions of higher learning community colleges the Historic Resources Operating Trust Fund or the Racing Scholarship Trust Fund Typically the amount contributed to charitable organizations is determined by calculating the amount of taxes due to the state had it been a regular performance A minimum of $2876878 was paid to charitable organizations during Fiscal Year 20042005 bringing the total proceeds disbursed since 1985 to $56584338

RACING SCHOLARSHIP TRUST FUND

The Racing Scholarship Trust Fund is administered by the Division of Colleges and Universities of the Board of Education and is used to provide scholarships to deserving students who are attending Floridas colleges and universities A total of $16860337 has been paid to this fund since the program began in 1949 The amount contributed to the fund this fiscal year is detailed below

Racing Scholarship Trust Fund Washington County Kennel Club Inc $5979

Total For 20042005 Fiscal Year $5979

ABANDONED WINNING TICKETS

Abandoned pari-mutuel tickets are winning tickets that remain uncashed for a period of one year The value of greyhound and jai alai abandoned tickets for live on-track races or games escheat to the state These funds are deposited into the State School Fund for the support and maintenance of Floridas public schools Since 1957 the total paid into this fund is $83317172 The amount collected in abandoned winning tickets for the State School Fund for this fiscal year is detailed below

Abandoned Winning Tickets Greyhound Permitholders $1370471 Jai Alai Permitholders $223388 Total For 20042005 Fiscal Year $1593859

In harness and quarter horse racing abandoned winning tickets are paid to the respective breedersrsquo associations Abandoned winning tickets from thoroughbred horse racing are retained by the permitholder

16

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 20: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

COMPONENTS OF CARDROOM REVENUE BY ASSOCIATION Fiscal Year 20042005

Greyhound Racing Associations Bayard Raceways Inc Daytona Beach Kennel Club Inc Ebro Greyhound Park (Washington County Kennel Club Inc) Flagler Greyhound Track (West Flagler Associates Ltd) Hollywood Greyhound Track (Hartman amp Tyner Inc) Jefferson County Kennel Club Inc Melbourne Greyhound Park LLC Naples-Ft Myers Greyhound Track (Southwest FL Enterprises Inc) Palm Beach Kennel Club (Investment Corporation of Palm Beach) St Petersburg Kennel Club Inc

Total Greyhound Permitholders

Jai Alai Permitholders MiamiSummerJai Alai DaniaSummersport

Total Jai Alai Permitholders

Thoroughbred Racing Associations Tampa Bay Downs Inc Calder Race Course IncTropical Park Inc

Total Thoroughbred Permitholders

Harness Racing Associations Pompano Park Racing (PPI Inc)

TOTAL FOR ALL PERMITHOLDERS

County Gross Gross Table Fees Total Taxes Municipality Receipts Receipts Tax Collected and Fees

$664685 443195 162288

73111 155890 154961 163361 301233 636431 688844

3443999

89068 202231 291299

111136 33790

144926

166753

$4046977

St Johns $6421856 $642185 $22500 Volusia 4256946 425695 17500

Washington 1492881 149288 13000 Dade 656112 65611 7500

Hallandale 1353898 135390 20500 Jefferson 1399613 139961 15000

Brevard 1413611 141361 22000 Lee 2887326 288733 12500

Palm Beach 6104307 610431 26000 Pinellas 6598437 659844 29000

32584987 3258499 185500

Dade 805681 80568 8500

Hallandale

1862312 186231 16000 2667993 266799 24500

Hillsborough 1026360 102636 8500 Dade 282898 28290 5500

1309258 130926 14000

Broward 1527526 152753 14000

$38089764 $3808977 $238000

17

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 21: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

RE

VE

NU

E A

ND

OTH

ER

DA

TA B

Y A

SS

OC

IATI

ON

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 22: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

GREYHOUND RACING Florida remains the leader in greyhound racing in the United States with 18 permitholders operating throughout the state A total of 4037 performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 3 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live greyhound performances decreased by 12 percent Intertrack handle wagered on broadcasts of live Florida greyhound performances decreased by 7 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent and 2 percent respectively As a result total handle declined by 9 percent for the Florida greyhound industry

Corresponding with the decline in total handle was the decline of revenue to the state Total revenue to the state during Fiscal Year 20042005 declined by 19 percent from the prior year The greyhound industry accounted for approximately 49 percent of Floridarsquos total revenue and 33 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 12 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Based on audits conducted by the division greyhound permitholders paid $29118910 in purses during Fiscal Year 20042005 which includes stakes fees and sponsor contributions The numerous stakes races conducted during the past year by greyhound permitholders is shown in detail on the individual permitholder pages of this section

Nearly all of Floridarsquos greyhound permitholders actively sponsor greyhound adoption programs Many of the statersquos greyhound tracks provide for on-site adoption booths animal welfare funding advertising special events and public information Florida Statutes provide that greyhound permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder is required to pay an amount equal to 10 percent of the amount of the credit received to any bona fide organization which promotes or encourages greyhound adoptions During Fiscal Year 20042005 total contributions provided to greyhound adoption units amounted to $202206

Total Performances 4037 Total Racing Days 3088

Total Admission Tax $104882 Total Paid Attendance 1565858

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $144037431 $39183510 $6630117 (20) $189851058 (12) Simulcast 11629798 3032946 576447 (18) 15239191 (8) Intertrack 173798010 49086180 5193397 (17) 228077587 (7) Intertrack Simulcast 11465251 3243456 312871 (18) 15021578 (2)

$340930490 $94546092 $12712832 (19) $448189414 (9) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

18

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 23: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Bet Miami Greyhounds Broward and Dade County - Hallandale Beach and Miami Florida

Meet Period September 1 2004 to October 16 2004 at Flagler Greyhound Track (1) December 1 2004 to December 31 2004 at Hollywood Greyhound Track (2)

May 1 2005 to May 31 2005 at Hollywood Greyhound Track (2)

Flagler Greyhound Track Hollywood Greyhound Track Telephone 3056493000 Telephone 9549243200 Fax 3056314525 Fax 9544574229

Mailing Address Mailing Address PO Box 350940 PO Box 2007 Miami Florida 33135-0940 Hollywood Florida 33022-2007

Racing Results Performances 135 Racing Days 98 Paid Attendance 0 Total Admission Tax $0 Purses Paid $1170227

(1) See Flagler Greyhound Track for street address (2) See Hollywood Greyhound Track for street address Handle Distribution

Total for Total to Handle Type Public Pool Permitholder State Total Handle Live $4430377 $1126176 $241730 (22) $5798283 (13) Simulcast 3068192 812991 134000 (34) 4015183 (16) Intertrack 5442130 1536522 151845 (20) 7130497 (7) Intertrack Simulcast 2958845 856585 56200 (35) 3871630 (8)

$15899544 $4332274 $583775 (26) $20815593 (11) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

CCC Racing Collins and Collins Partnership

Seminole County - Longwood Florida

Meet Period July 1 2004 to October 30 2004 at Sanford-Orlando Kennel Club May 3 2005 to June 30 2005 at Sanford-Orlando Kennel Club

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 217 CCC Sprint Classic $8000 Racing Days 146 CCC Distance Classic $8000 Paid Attendance 48184 Total Admission Tax $0 Purses Paid $897379

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5243673 $1566258 $0 0 $6809931 (1) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$5243673 $1566258 $0 0 $6809931 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

19

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 24: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Daytona Beach Kennel Club Inc Volusia County - Daytona Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 3862526484 Fax 3862524808

Mailing Address Street Address PO Box 11470 2201 West International Speedway Daytona Beach Florida 32120 Daytona Beach Florida 32114

Racing Results Performances 431 Racing Days 345 Paid Attendance 211298 Total Admission Tax $934 Purses Paid $1662952

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7792183 $3026581 $33317 (86) $10852081 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7792183 $3026581 $33317 (86) $10852081 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(19)

0 0 0

(19)

Ebro Greyhound Park Washington County Kennel Club Inc

Washington County - Ebro Florida

Meet Period July 1 2004 to November 27 2004 January 7 2005 to June 30 2005

Telephone 8502343943 Fax 8505354442

Mailing Address Street Address 6558 Dog Track Road 6558 Dog Track Road Ebro Florida 32437 Ebro Florida 32437

Racing Results Major Stakes Races Performances 229 Sprint Champion Racing Days 188 Mega Morris Paid Attendance 37667 Super Marathon Total Admission Tax $7934 Ebro Derby Purses Paid $739834 Future Champion

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3879011 $1185221 $500177 (11) $5564409 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3879011 $1185221 $500177 (11) $5564409 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000 $10000

$1500 $8664 $1000

(12)

0 0 0

(12)

20

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 25: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Flagler Greyhound Track West Flagler Associates Ltd Dade County - Miami Florida

Meet Period July 1 2004 to August 31 2004 October 17 2004 to November 30 2004

June 1 2005 to June 30 2005

Telephone 3056493000 Fax 3056314525

Mailing Address Street Address PO Box 350940 401 NW 38th Court Miami Florida 33135-0940 Miami Florida 33126

Racing Results Major Stakes Races Performances 186 Flagler Derby Racing Days 132 Hecht Marathon Paid Attendance 0 Total Admission Tax $0 Purses Paid $1627768

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4930072 $1157247 $316518 (15) $6403837 Simulcast 3575850 941542 175239 (16) 4692631 Intertrack 7599859 1994841 296303 3 9891003 Intertrack Simulcast 4940753 1396567 135466 (16) 6472786

$21046534 $5490197 $923526 (10) $27460257 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$20000 $20000

(14)

(3) 3 3

(2)

Hollywood Greyhound Track Hartman and Tyner Inc

Broward County - Hallandale Beach Florida

Meet Period January 1 2005 to April 30 2005

Telephone 9549243200 Fax 9544574229

Mailing Address Street Address PO Box 2007 831 North Federal Highway Hollywood Florida 33022 Hallandale Beach Florida 33009

Racing Results Major Stakes Races Performances 162 World Classic Racing Days 115 Hollywoodian Paid Attendance 0 Futurity Total Admission Tax $0 Joe Ryan Jr Memorial Purses Paid $2018174

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7301484 $1852933 $436579 (16) $9590996 Simulcast 4956325 1272668 264167 (9) 6493160 Intertrack 6635336 1896917 209181 (22) 8741434 Intertrack Simulcast 3315514 929288 106026 (11) 4350828

$22208659 $5951806 $1015953 (15) $29176418 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$75000 $30000 $15000 $10000

(14)

(5) (15)

(2) (11)

21

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 26: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Jacksonville Kennel Club Inc Duval County - Jacksonville Florida

Meet Period July 1 2004 to September 6 2004 June 1 2005 to June 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 1440 North McDuff Avenue Jacksonville Florida 32245-4249 Jacksonville Florida 32205

Racing Results Major Stakes Races Performances 98 Mayors Cup Racing Days 75 Paid Attendance 30997 Total Admission Tax $1118 Purses Paid $1045925

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5837654 $1627792 $188984 (20) $7654430 Simulcast 0 0 0 0 0 Intertrack 16142740 4712395 359457 (8) 21214592 Intertrack Simulcast 0 0 0 0 0

$21980394 $6340187 $548441 (13) $28869022 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$35000

(6)

(100) 7

(100) 3

Jefferson County Kennel Club Inc Jefferson County - Monticello Florida

Meet Period July 1 2004 to December 18 2004 January 14 2005 to June 30 2005

Telephone 8509972561 Fax 8509973871

Mailing Address Street Address PO Box 400 3079 North Jefferson Street Monticello Florida 32345 Monticello Florida 32344

Racing Results Performances 276 Racing Days 233 Paid Attendance 58121 Total Admission Tax $4390 Purses Paid $776440

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3367263 $1091530 $360391 4 $4819184 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$3367263 $1091530 $360391 4 $4819184 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

15

0 0 0

15

22

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 27: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Melbourne Greyhound Park LLC

Brevard County - Melbourne Florida

Meet Period December 27 2004 to June 30 2005

Telephone 3212599800 Fax 3212593437

Mailing Address Street Address 1100 North Wickham Road 1100 North Wickham Road Melbourne Florida 32935 Melbourne Florida 32935

Racing Results Performances 156 Racing Days 153 Paid Attendance 23567 Total Admission Tax $1386 Purses Paid $424905

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $806283 $259090 $86231 35 $1151604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$806283 $259090 $86231 35 $1151604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(20)

0 0 0

(20)

Naples-Ft Myers Greyhound Track

Southwest Florida Enterprises Inc Lee County - Bonita Springs Florida

Meet Period July 1 2004 to June 30 2005

Telephone 2399922411 Fax 2399479244

Mailing Address Street Address PO Box 2567 10601 Bonita Beach Road SW Bonita Springs Florida 34133-2567 Bonita Springs Florida 34135-2567

Racing Results Performances 388 Racing Days 284 Paid Attendance 275586 Total Admission Tax $40021 Purses Paid $2315011

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $16326470 $3930650 $897607 (4) $21154727 Simulcast 0 0 0 0 0 Intertrack 11921314 3298511 283291 7 15503116 Intertrack Simulcast 0 0 0 0 0

$28247784 $7229161 $1180898 (1) $36657843 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(10)

0 18

0 0

23

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 28: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Orange Park Kennel Club Inc Clay County - Orange Park Florida

Meet Period December 8 2004 to May 30 2005

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 455 Park Avenue Jacksonville Florida 32245-4249 Orange Park Florida 32073

Racing Results Major Stakes Races Performances 188 Clay County Classic $35000 Racing Days 143 Orange Park Derby $35000 Paid Attendance 49897 Orange Park Puppy Stakes $15000 Total Admission Tax $3465 Purses Paid $2457919

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8825285 $2184339 $546578 (29) $11556202 (17) Simulcast 24205 5039 2316 (15) 31560 (19) Intertrack 30979469 8643060 1082335 (20) 40704864 (5) Intertrack Simulcast 246581 60196 15059 (6) 321836 (8)

$40075540 $10892634 $1646288 (23) $52614462 (8) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Palm Beach Kennel Club Investment Corporation of Palm Beach

Palm Beach County - West Palm Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 5616832222 Fax 5614719114

Mailing Address Street Address 1111 North Congress Avenue 1111 North Congress Avenue West Palm Beach Florida 33409-6317 West Palm Beach Florida 33409-6317

Racing Results Major Stakes Races Performances 442 James W Paul 38th Mile Derby $50000 Racing Days 340 Arthur J Rooney - St Patricks Invitational $25000 Paid Attendance 474449 Royal Palm Classic $25000 Total Admission Tax $36113 Labor Day Puppy Stakes $20000 Purses Paid $4237510 Dick Andrews Futurity $20000

Spring Puppy Stakes $20000 Bud Light Triathlon $5000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $28357917 $6877305 $1886972 (15) $37122194 (9) Simulcast 3459 508 486 (34) 4453 (63) Intertrack 39019793 10638978 1550327 (14) 51209098 (5) Intertrack Simulcast 0 0 0 (100) 0 (100)

$67381169 $17516791 $3437785 (15) $88335745 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Palm Beach experienced a loss of 22 performances in September 2004 due to the 2004 hurricane season

24

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 29: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Pensacola Greyhound Track Inc Escambia County - Pensacola Florida

Meet Periods July 1 2004 to September 12 2004 January 30 2005 to June 30 2005

Telephone 8504558595 Fax 8504538883

Mailing Address Street Address PO Box 12824 951 Dog Track Road Pensacola Florida 32591-2824 Pensacola Florida 32506-8236

Racing Results Performances 192 Racing Days 162 Paid Attendance 3560 Total Admission Tax $0 Purses Paid $731031

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $2913186 $1015418 $0 (100) $3928604 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$2913186 $1015418 $0 (100) $3928604 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Pensacola closed from 09132004 through 01292005 due to damage from Hurricane Ivan

(45)

0 0 0

(45)

Sanford-Orlando Kennel Club Inc Seminole County - Longwood Florida

Meet Period November 1 2004 to May 2 2005

Telephone 4078311600 Fax 4078313997

Mailing Address Street Address PO Box 520280 301 Dog Track Road Longwood Florida 32752-0280 Longwood Florida 32750

Racing Results Major Stakes Races Performances 223 Central Florida Derby Racing Days 150 King and Queen Championship Paid Attendance 52977 Total Admission Tax $0 Purses Paid $1039784

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $5863850 $1749581 $0 0 $7613431 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$5863850 $1749581 $0 0 $7613431 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$16141 $500

(1)

0 0 0

(1)

25

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 30: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Sarasota Kennel Club Inc

Sarasota County - Sarasota Florida

Meet Period November 22 2004 to April 16 2005

Telephone 9413557744 Fax 9413512207

Mailing Address Street Address 5400 Bradenton Road 5400 Bradenton Road Sarasota Florida 34234 Sarasota Florida 34234

Racing Results Major Stakes Races Performances 195 Sarasota Derby Racing Days 120 Sapling Stakes Paid Attendance 98412 King and Queen Championship Total Admission Tax $1110 Purses Paid $964229

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7384081 $2127890 $81250 (37) $9593221 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$7384081 $2127890 $81250 (37) $9593221 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$13333 $3704

$747

(12)

0 0 0

(12)

St Johns Greyhound Park

Bayard Raceways Inc St Johns County - Jacksonville Florida

Meet Period September 8 2004 to December 6 2004 at Orange Park Kennel Club

Telephone 9046460001 Fax 9046460420

Mailing Address Street Address PO Box 54249 6322 Racetrack Road Jacksonville Florida 32245-4249 Jacksonville Florida 32259

Racing Results Major Stakes Races Performances 93 Jacksonville Greyhound Racing Racing Days 71 Juvenile Paid Attendance 18492 Total Admission Tax $463 Purses Paid $1118999

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $3892506 $1118531 $91303 (19) $5102340 Simulcast 943 141 103 100 1187 Intertrack 13090946 3919040 189840 (17) 17199826 Intertrack Simulcast 2780 675 83 100 3538

$16987175 $5038387 $281329 (18) $22306891 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$15000

(9)

100 (6)

100 (7)

26

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 31: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

St Petersburg Kennel Club Inc Pinellas County - St Petersburg Florida

Meet Period October 4 2004 to June 5 2005

Telephone 7278123339 Fax 7275794362

Mailing Address Street Address PO Box 22099 10490 Gandy Boulevard St Petersburg Florida 33742-2099 St Petersburg Florida 33702-2395

Racing Results Major Stakes Races Performances 298 Distance Classic $100000 Racing Days 238 Sprint Classic $85000 Paid Attendance 143425 St Petersburg Derby $30000 Total Admission Tax $6177 Gold Trophy Juvenile $20000 Purses Paid $4401569 Consolation Derby $10000

Matinee Idol $10000 Puppy Preview $8000 TL Weaver Memorial $8000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $22403198 $6115461 $774380 (40) $29293039 5 Simulcast 0 0 0 0 0 0 Intertrack 30128803 8789911 740972 (41) 39659686 12 Intertrack Simulcast 0 0 0 0 0 0

$52532001 $14905372 $1515352 (41) $68952725 9 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note St Petersburg changed their dates of operation which resulted in a increase in the number of performances

Tampa Greyhound Track Associated Outdoor Clubs Inc

Hillsborough County - Tampa Florida

Meet Period July 1 2004 to October 2 2004 June 6 2005 to June 30 2005

Telephone 8139324313 Fax 8139325048

Mailing Address Street Address PO Box 8096 8300 Nebreska Avenue Tampa Florida 33674-8096 Tampa Florida 33604

Racing Results Major Stakes Races Performances 128 Speed Classic $25000 Racing Days 95 Tampa Derby $25000 Paid Attendance 39226 Juvenile Stake $25000 Total Admission Tax $1771 Purses Paid $1489254

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $4482938 $1171507 $188100 83 $5842545 (54) Simulcast 824 57 136 100 1017 (80) Intertrack 12837620 3656005 329846 95 16823471 (49) Intertrack Simulcast 778 145 37 100 960 (61)

$17322160 $4827714 $518119 91 $22667993 (50) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Tampa changed their dates of operation which resulted in a decrease in the number of performances

27

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 32: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

JAI ALAI

Florida was the first state in the nation to conduct jai alai performances with the first fronton arena in the United States built in 1926 In Fiscal Year 20042005 there were seven jai alai permitholders operating at five frontons located in central and south Florida In fact Florida is now the only state to conduct jai alai games A total of 1032 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 155 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered on live jai alai performances decreased by 18 percent Intertrack handle wagered on broadcasts of live Florida jai alai performances increased by 5 percent Simulcast and intertrack simulcast handle wagered on broadcasts of performances from outside the state did not change As a result total handle declined by 7 percent for the Florida jai alai industry

Corresponding with the decrease in total handle was the decrease of revenue to the state by 14 percent during Fiscal Year 20042005 The jai alai industry accounted for approximately 2 percent of Floridarsquos total revenue and 6 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 25 percent from the prior year The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Florida Statutes provide that jai alai permitholders receive credits applicable against taxes in an amount equal to the uncashed tickets remitted to the state in the prior fiscal year Each permitholder that participates is required to pay an amount equal to 25 percent of the amount of the credit received to the National Association of Jai Alai Frontons During Fiscal Year 20042005 total contributions provided to the NAJAF amounted to $27519

Total Performances 1032 Total Gaming Days 726

Total Admission Tax $0 Total Paid Attendance 270253

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $30155993 $9431599 $539720 (14) $40127312 (18) Simulcast 0 0 0 0 0 0 Intertrack 35370553 11719175 0 0 47089728 5 Intertrack Simulcast 0 0 0 0 0 0

$65526546 $21150774 $539720 (14) $87217040 (7) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

28

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 33: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Dania Jai Alai Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period December 1 2004 to June 30 2005

Telephone 9549272841 Fax 9549209095

Mailing Address Street Address PO Box 96 301 East Dania Beach Boulevard Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 237 Gaming Days 180 Paid Attendance 114753 Total Admission Tax 0 Players Awards Paid $1698984

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $8212774 $2397149 $129280 (1) $10739203 (10) Simulcast 0 0 0 0 0 0 Intertrack 10208710 3164954 0 0 13373664 10 Intertrack Simulcast 0 0 0 0 0 0

$18421484 $5562103 $129280 (1) $24112867 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Florida Jai Alai Inc Seminole County - Fern Park Florida

Meet Period January 1 2005 to March 31 2005

Telephone 4073396221 Fax 4078314689

Mailing Address Street Address PO Box 300107 6405 South Highway 17-92 Fern Park Florida 32730 Fern Park Florida 32730

Gaming Results Performances 72 Gaming Days 49 Paid Attendance 19652 Total Admission Tax 0 Players Awards Paid $312341

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $1467306 $407257 $40800 (53) $1915363 (45) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$1467306 $407257 $40800 (53) $1915363 (45) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Florida Jai Alai experienced a loss of 27 performances due to damage from the 2004 hurricane season

29

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 34: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Fort Pierce Jai Alai Florida Gaming Centers Inc

St Lucie County - Ft Pierce Florida

Meet Period January 1 2005 to April 30 2005

Telephone 7724647500 Fax 7724640099

Mailing Address Street Address 1750 South Kings Highway 1750 South Kings Highway Ft Pierce Florida 34945-3099 Ft Pierce Florida 34945-3099

Gaming Results Performances 0 Gaming Days 0 Paid Attendance 0 Total Admission Tax $0 Players Awards Paid $0

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $0 $0 $0 (100) $0 (100) Simulcast 0 0 0 0 0 0 Intertrack 0 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0 0

$0 $0 $0 (100) $0 (100) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Note Ft Pierce Jai Alai did not open for live games during 20042005 due to damage from the 2004 hurricane season

Miami Jai Alai Florida Gaming Centers Inc Dade County - Miami Florida

Meet Period November 1 2004 to April 30 2005

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 227 Gaming Days 154 Paid Attendance 27912 Total Admission Tax $0 Players Awards Paid $2181000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7786455 $2610663 $121160 0 $10518278 (12) Simulcast 0 0 0 0 0 0 Intertrack 9773140 3420463 0 0 13193603 6 Intertrack Simulcast 0 0 0 0 0 0

$17559595 $6031126 $121160 0 $23711881 (3) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

30

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 35: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Ocala Jai Alai Lake Fron Inc

Marion County - Reddick Florida

Meet Period April 1 2005 to June 25 2005

Telephone 3525912345 Fax 3525913402

Mailing Address Street Address PO Box 548 4601 NW Highway 318 Orange Lake Florida 32681 Reddick Florida 32686

Gaming Results Performances 100 Gaming Days 63 Paid Attendance 19182 Total Admission Tax $0 Players Awards Paid $220662

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $649640 $208457 $35120 0 $893217 Simulcast 0 0 0 0 0 Intertrack 0 0 0 0 0 Intertrack Simulcast 0 0 0 0 0

$649640 $208457 $35120 0 $893217 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

4 0 0 0 4

Summer Jai Alai Dade County - Miami Florida

Meet Period July 1 2004 to October 31 2004 at Miami Jai Alai May 1 2005 to June 30 2005 at Miami Jai Alai

Telephone 3056336400 Fax 3056341712

Mailing Address Street Address 3500 NW 37th Avenue 3500 NW 37th Avenue Miami Florida 33142 Miami Florida 33142

Gaming Results Performances 231 Gaming Days 157 Paid Attendance 31196 Total Admission Tax $0 Players Awards Paid $2020000

Handle Distribution Total for Total to

Handle Type Public Pool Permitholder State Total Handle Live $7332493 $2448014 $123280 0 $9903787 Simulcast 0 0 0 0 0 Intertrack 9135200 3196964 0 0 12332164 Intertrack Simulcast 0 0 0 0 0

$16467693 $5644978 $123280 0 $22235951 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

(11)

0 (2)

0 (6)

31

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 36: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Summersport Enterprises Ltd Division of Aragon Group Inc

Broward County - Dania Beach Florida

Meet Period July 1 2004 to November 30 2004 at Dania Jai Alai

Telephone 9549272841 Fax 9549209095

Mailing Address PO Box 96

Street Address 301 East Dania Beach Boulevard

Dania Beach Florida 33004 Dania Beach Florida 33004

Gaming Results Performances 165 Gaming Days Paid Attendance Total Admission Tax

123 57558 $0

Players Awards Paid $1134097

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live $4707325 $1360059 $90080 (1) $6157464 (18) Simulcast 0 0 0 0 0 0 Intertrack 6253503 1936794 0 0 8190297 4 Intertrack Simulcast 0 0 0 0 0 0

$10960828 $3296853 $90080 (1) $14347761 (6) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

32

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 37: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

THOROUGHBRED RACING

Florida continues to be a premier thoroughbred racing state with four permitholders located in central and south Florida A total of 337 regular performances exclusive of charity and scholarship performances were conducted during this past fiscal year a decrease of 2 percent from the previous fiscal year

During Fiscal Year 20042005 handle on live thoroughbred performances decreased 20 percent while intertrack handle wagered remained virtually unchanged Simulcast handle wagered on broadcasts of performances from outside the state decreased by 8 percent while intertrack simulcast handle increased by 13 percent As a result total handle declined by 1 percent for the Florida thoroughbred industry

Total revenue to the state during Fiscal Year 20042005 increased 5 percent from the prior year The thoroughbred industry accounted for approximately 43 percent of Floridarsquos total revenue and 54 percent of total handle from pari-mutuel performances

Total paid attendance decreased by 55 percent from the prior year which was largely due to Gulfstream Park being under construction and not charging admission for Fiscal Year 20042005 The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 337 Total Racing Days 338

Total Admissions Tax $69662 Total Paid Attendance 298933

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle

Live Simulcast Intertrack ITWSIM

$107091325 135466533

80921382 268521565

$28098587 33220305 21177337 62597656

$991242 1094508 1753839 7428341

(14) (6)

1 11

$136181154 169781346 103852558 338547562

(20) (8)

0 13

$592000805 $145093885 $11267930 5 $748362620 (1) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Purses and Owners Awards

Permitholder Purses Entry and

Stakes Nomination Contributions Total Owners Awards

Calder Race Course Inc Gulfstream Park Tampa Bay Downs Inc Tropical Park Inc

$20783405 17059670 10762624

8889330

$2977700 4913115 1289130 1597550

$1063475 1124425

281275 687900

$0 1328035

657095 0

$24824580 24425245 12990124 11174780

$2111000 0

636600 778500

$57495029 $10777495 $3157075 $1985130 $73414729 $3526100 As reported by permitholders

33

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 38: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Calder Race Course Inc Dade County - Miami Florida

Meet Period July 1 2004 to October 23 2004 April 25 2005 to June 30 2005

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address PO Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 118 Princess Rooney Handicap (GRIII) Racing Days 118 Smile Sprint Handicap (GRIII) Paid Attendance 127387 My Dear Girl Stakes Total Admission Tax $28319 In Reality Stakes Purses Paid $24824580 Azalea Breeders Cup Stakes (GRIII)

Carry Back Stakes (GRIII) Calder Oaks Calder Derby (GRIII) Miami Mile Breeders Cup Handicap (GRIII) Hollywood Breeders Cup Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $31881563 $8751363 $299818 (1) $40932744 Simulcast 72652207 17946762 544216 (1) 91143185 Intertrack 19622907 5282562 458233 (11) 25363702 Intertrack Simulcast 140679246 32474851 3832278 7 176986375

$264835923 $64455538 $5134545 4 $334426006 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$500000 $500000 $400000 $400000 $300000 $300000 $200000 $200000 $150000 $150000

(9) (1)

(12) 6 0

Gulfstream Park Racing Association Inc Broward County - Hallandale Beach Florida

Meet Period January 3 2005 to April 24 2005 Telephone 9544547000 Fax 9544547827

Mailing Address Street Address 901 South Federal Highway 901 South Federal Highway Hallandale Florida 33009 Hallandale Florida 33009

Racing Results Major Stakes Races Performances 80 Florida Derby Racing Days 81 Sunshine Million Turf Paid Attendance 0 Sunshine Millions Classic Total Admission Tax $0 Donn Handicap Purses Paid $24425245 Sunshine Millions Spirit

Gulfstream Park Handicap Fountain Of Youth Sunshine Millions Dash Gulfstream Park Breeders Cup Richter Scale Breeders Cup Rampart Handicap

Handle Distribution Total for

Handle Type Public Pool Permitholder Total to State Total Handle Live $40049649 $9599284 $330799 (32) $49979732 Simulcast 32315327 7733592 255020 (19) 40303939 Intertrack 26618202 6278979 577192 4 33474373 Intertrack Simulcast 54186847 12366125 1440774 33 67993746

$153170025 $35977980 $2603785 7 $191751790 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

$1000000 $500000

$1000000 $500000 $300000 $300000 $300000 $250000 $250000 $200000 $200000

(38) (23)

0 51 (9)

34

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 39: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Tampa Bay Downs Inc Hillsborough County - Tampa Florida

Meet Period December 11 2004 to May 8 2005

Telephone 8138554401 Fax 8138543539

Mailing Address Street Address PO Box 2007 11225 Race Track Road Oldsmar Florida 34677 Tampa Florida 33626

Racing Results Major Stakes Races Performances 89 Tampa Bay Derby (GRIII) $250000 Racing Days 89 Florida Oaks $150000 Paid Attendance 119199 Tampa Bay Breeders Cup (T) $100000 Total Admission Tax $29800 Hillsborough (T)(GRIII) $125000 Purses Paid $12990124 Endeavor (T) $100000

Sam F Davis $100000 Florida Cup Sophomore Colts $75000 Florida Cup Sophomore Fillies $75000 Florida Cup Sophomore Turf (T) $75000 Florida Cup Sprint $75000 Florida Cup Turf Distaff (T) $75000 Florida Cup Turf Classic (T) $75000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $19941886 $5561024 $223030 (1) $25725940 (1) Simulcast 8090900 2038304 122359 (9) 10251563 (23) Intertrack 24276621 6807022 484234 10 31567877 10 Intertrack Simulcast 35235553 8719788 1080869 0 45036210 0

$87544960 $23126138 $1910492 2 $112581590 0 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Tropical Park Inc Dade County - Miami Florida

Meet Period October 24 2004 to January 2 2005 at Calder Race Course

Telephone 3056251311 Fax 3054745697

Mailing Address Street Address P O Box 1808 21001 NW 27th Avenue Miami Florida 33055-0808 Miami Florida 33056

Racing Results Major Stakes Races Performances 50 W L McKnight Handicap (GRII) $200000 Racing Days 50 La Prevoyante Handicap (GRII) $200000 Paid Attendance 52347 Tropical Turf Handicap (GRIII) $100000 Total Admission Tax $11543 Tropical Park Derby (GRIII) $100000 Purses Paid $11174780 Fred W Hooper Handicap (GRIII) $100000

My Charmer Handicap (GRIII) $100000 Chaposa Springs Handicap (GRIII) $100000 What A Pleasure $100000

Handle Type Public Pool Total for

Permitholder Total to State Total Handle

Live $15218227 $4186916 $137595 1 $19542738 (2) Simulcast 22408099 5501647 172913 4 28082659 4 Intertrack 10403652 2808774 234180 3 13446606 4 Intertrack Simulcast 38419919 9036892 1074420 16 48531231 15

$86449897 $21534229 $1619108 11 $109603234 7 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Distribution

35

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 40: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

HARNESS RACING Pompano Park is the only permitholder currently conducting harness horse racing performances in the State of Florida A total of 148 regular performances exclusive of charity and scholarship were conducted during this past fiscal year an increase of 6 percent from the previous fiscal year

During Fiscal Year 20042005 handle wagered at live harness performances decreased by 4 percent Intertrack handle wagered on broadcasts of live Florida harness performances increased by 7 percent Simulcast handle wagered on broadcasts of performances from outside the state decreased by 2 percent while intertrack simulcast handle increased by 11 percent As a result total handle increased by 5 percent for the Florida harness industry

Total revenue to the state during Fiscal Year 20042005 increased by 6 percent from the prior year The harness industry accounted for approximately 6 percent of Floridarsquos total revenue and 7 percent of total handle from pari-mutuel performances

The division reports only paid attendance and does not include free admissions or complimentary passes in its data

Total Performances 148 Total Racing Days 148

Total Admissions Tax $0 Total Paid Attendance 0

Purses and Owners Awards

Permitholder Entry and

Purses Stakes Nomination Contributions Total Owners Awards

Pompano Park Racing $7050790 $925900 $35700 $886007 $8898397 $0 As reported by permitholder

Pompano Park Racing PPI Inc

Broward County - Pompano Beach Florida

Meet Period July 1 2004 to June 30 2005

Telephone 9549722000 Fax 9549700882

Mailing Address Street Address 1800 SW Third Street 1800 SW Third Street Pompano Beach Florida 33069 Pompano Beach Florida 33069

Racing Results Major Stakes Races Performances 148 Isle of Capri Pace $310200 Racing Days 148 Mack Lobell Trot $110000 Paid Attendance 0 Red Bow Tie $50000 Total Admission Tax $0 Purses Paid $8898397

Handle Distribution

Handle Type Total for Total to

Public Pool Permitholder State Total Handle Live Simulcast Intertrack Intertrack Simulcast

$8368366 22512265

4815540 41076881

$2727813 6138321 1539918

11147466

$225609 320858 203601 774770

3 (1)

7 11

$11321788 28971444

6559059 52999117

(4) (2)

7 11

$76773052 $21553518 $1524838 6 $99851408 5 Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

36

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 41: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

HORSE RACING

Promotional Programs For Florida-Bred Horses

Florida breeder promotions and award programs are administered by private breeders and owners associations organized to promote ownership and breeding of race horses in the State of Florida Each association conducts its own campaign to enhance the horse breeding industry in the state and provides breeders and owners awards of up to 20 percent of announced gross purses The Florida Standardbred Breeders and Owners Association is funded by the breaks and uncashed tickets from live performances and 1 percent of the intertrack handle The Quarter Horse Breeders Association is funded by the breaks and the uncashed tickets from live races and 1 percent of the live and intertrack handle The Florida Thoroughbred Breeders and Ownersrsquo Association awards program is funded by 0955 percent of the live simulcast and intertrack handle as well as 3475 percent of the gross revenue from out-of-state wagers on Florida races

To date the Florida thoroughbred breeding industry has produced 41 national champions including Skip Away the 1998 North American Horse of the Year and Affirmed the last horse to have won the Triple Crown (1978) In 2005 Florida-bred Afleet Alex captured two-thirds of the Triple Crown winning the Preakness Stakes (G1) and Belmont Stakes (G1) The industry boasts 92 Florida-bred millionaires 13 classic winners (Kentucky Derby Preakness Stakes and Belmont Stakes) and 18 Breeders Cup Day champions

The Florida Thoroughbred Breedersrsquo and Ownersrsquo Association funds the Florida-bred Stakes Program which is implemented at Floridas thoroughbred racetracks In addition Florida-breds won 317 stakes races including 51 graded stakes and earned more than $33 million in stakes purses Florida-breds banked in excess of $180 million in total North American purse money Through a percentage of pari-mutuel handle Florida thoroughbred permitholders contributed $9365474 to the Florida Thoroughbred Breedersrsquo and Ownersrsquo Association during Fiscal Year 20042005 The FTBOA paid out $5482245 in Breedersrsquo Awards $829475 in Stallion Ownersrsquo Awards and $2277500 through the Florida-bred Stakes Program The Florida-bred Stakes Program includes ldquoThe Sunshine Millionsrdquo at Gulfstream Park ldquoThe Florida Millionrdquo at Calder Race CourseTropical Park ldquoFlorida Cup Dayrdquo at Tampa Bay Downs and additional funds for supplements to Florida-bred Preferred Stakes Races during the CalderTropical and Tampa Bay Downsrsquo meets

The Florida Standardbred Breeders and Owners Association a non-profit organization and the recognized representative of standardbred horsemen in the state of Florida is the designated association for the allocation and distribution of funds for Florida-bred Standardbred racing Promotional activities include providing breeder and stallion awards for eligible Florida-bred horses during Pompano Parks 20042005 meet as well as awards for Florida Breeders Stakes races A series of races and awards were also provided for two and three-year-old standardbreds to prepare for the winter meet at Pompano Park The total amount of funds collected and distributed to the Florida Standardbred horsemen throughout the year totaled $1176694

Standardbred racing in Florida is primarily contested at Pompano Harness Track the only pari-mutuel harness track in the state and offers top quality harness racing year-round There are seven training centers for standardbreds located from Gainesville to Delray Beach where more than 3000 horses spend their winters Florida-bred standardbred horses including two-time Breeders Crown winner and Multiple World Champion ldquoRed Bow Tierdquo have gained notable recognition throughout North America

Note Promotional program information is provided by respective Breeders and Owners Associations

37

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 42: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

r (

SUMMARY

Pari-Mutuel Industry

During Fiscal Year 20042005 the total handle approached $14 billion wagered a decrease of 4 percent from the prior fiscal year Total pari-mutuel performances exclusive of charity and scholarship performances conducted during Fiscal Year 20042005 decreased by 5 percent from the previous year

State revenue from regular performances was approximately $26 million which reflects an 8 percent decrease from the prior fiscal year Of the $26 million collected greyhound permitholders accounted for 49 percent thoroughbreds for 43 percent harness for 6 percent and jai alai for 2 percent

Total paid attendance decreased by over 24 percent from the prior year The division reports only paid attendance and does not include free admission or complimentary passes in its data

Total Performances 5554 Total RacingGaming Days 4300

Total Admissions Tax $174544 Total Paid Attendance 2135044

Handle Distribution

Industry Total for

Public Pool Permitholder Total to State Total Handle Greyhound $340930490 $94546092 $12712832 (19) $448189414 (9) Jai Alai 65526546 21150774 539720 (14) 87217040 (7) Thoroughbred 592000805 145093885 11267930 5 748362620 (1) Harness 76773052 21553518 1524838 6 99851408 5

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

Handle Distribution

Handle Type Total for

Public Pool Permitholder Total to State Total Handle Live $289653115 $79441509 $8386688 (19) $377481312 (16) Simulcast 169608596 42391572 1991813 (9) 213991981 (7) Intertrack 294905485 83522610 7150837 (12) 385578932 (3) ITW Simulcast 321063697 76988578 8515982 10 406568257 12

$1075230893 $282344269 $26045320 (8) $1383620482 (4) Add admission tax to calculate total paid to state = Total percentage increase or (decrease) from previous state fiscal year

38

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 43: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005

GUEST FACILITY BET MIAMI

GREYHOUNDS FLAGLER HOLLYWOOD JACKSONVILLE

HOST PERMITHOLDER

NAPLES-FT ORANGE MYERS PARK PALM BEACH ST JOHNS ST PETERSBURG

TAMPA GREYHOUND

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $12652 $543477 $676276 $1244003 $343278 $650035 $151831 CCC Racing 0 0 0 1583237 0 542108 2151792 859117 991824 1517811 Daytona Beach Kennel Club 364889 484979 453567 1174576 71823 1977809 2936077 1001894 1996751 679709 Ebro Greyhound Track 0 0 0 269035 0 533617 445783 175354 1901274 760643 Flagler Greyhound Track 3166950 0 7265367 729764 1396411 1232926 2531980 315271 1406505 428129 Hollywood Greyhound Track 3041938 9799452 0 999968 1513453 1439415 4000310 747992 1638541 665151 Jacksonville Kennel Club 479744 814513 558818 0 1618496 8109174 2943400 3521657 2948733 1309914 Jefferson County Kennel Club 0 0 0 819539 0 1401270 0 676002 1116358 499218 Melbourne Greyhound Park 121804 142649 178636 610313 843231 1199663 2152127 507847 1117826 374975 Naples-Ft Myers Greyhound Track 831170 1028085 1054071 516935 0 896606 2667363 382507 1600172 436703 Orange Park Kennel Club 414754 471273 475497 2782846 1159447 0 2349073 0 2597013 784195 Palm Beach Kennel Club 632561 984853 832793 1805224 2266852 3450703 0 1424443 2959438 906159 Pensacola Greyhound Track 0 0 0 1381283 0 3139301 0 96141 0 0 Sanford-Orlando Kennel Club 0 0 0 0 0 2230523 2900186 455187 3245484 0 Sarasota Kennel Club 0 0 0 1537995 0 2167182 4518479 1213419 3778590 1846028 St Johns Greyhound Park 292858 406155 303351 1766376 1013297 3007531 3566918 1394002 1163237 565057 St Petersburg Kennel Club 823218 1032309 995981 2137291 2146996 3889867 6872463 1741340 0 4476882 Tampa Greyhound Track 508504 706348 520355 1535485 1904135 2186108 3940390 1143417 6410904 0

Total Greyhound Permitholders $10678390 $15870616 $12638436 $19662519 $14477618 $38080079 $45220344 $15998868 $35522685 $15402405

Jai Alai Permitholders Dania Jai Alai $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Florida Jai Alai 0 0 0 0 0 0 0 0 0 0 Ft Pierce Jai Alai 86411 180187 147421 373999 0 771694 2640391 229199 565943 141861 Miami Jai Alai 0 0 0 0 0 0 0 0 0 0 Ocala Jai Alai 125371 173315 143576 530099 430782 874506 1058726 389846 637451 251042 Summer Jai Alai 0 0 0 0 0 0 0 0 0 0 Summersport Enterprises 0 0 0 0 0 0 0 0 0 0

Total Jai Alai Permitholders $211782 $353502 $290997 $904098 $430782 $1646200 $3699117 $619045 $1203394 $392903

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Gulfstream Park 0 0 0 0 0 0 0 0 0 0 Ocala Breeders Sales 0 0 0 114401 0 348700 905177 163782 0 0 Tampa Bay Downs 111955 139671 162829 533574 594716 951721 1384460 421669 2933607 1029123 Tropical Park 0 0 0 0 0 0 0 0 0 0

Total Thoroughbred Permitholders $111955 $139671 $162829 $647975 $594716 $1300421 $2289637 $585451 $2933607 $1029123

Harness Permitholders Pompano Park Racing 0 0 0 0 0 0 0 0 0 0

TOTAL FOR ALL PERMITHOLDERS $11002127 $16363789 $13092262 $21214592 $15503116 $41026700 $51209098 $17203364 $39659686 $16824431

CO

NTIN

UED

ON

NEXT PA

GE

39

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 44: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

TOTAL INTERTRACK WAGERING HANDLE BY GUEST

Fiscal Year 20042005 HOST PERMITHOLDER

GULFSTREAM TAMPA BAY TROPICAL POMPANO GUEST FACILITY DANIA MIAMI SUMMER SUMMERSPORT CALDER PARK DOWNS PARK PARK

CO

NTIN

UED

FRO

M PR

EVIOU

S PAG

E

Greyhound Permitholders Bet Miami Greyhounds $0 $0 $0 $0 $1573621 $0 $0 $625221 $2112895 CCC Racing 0 0 0 0 9201828 0 341702 373129 1300489 Daytona Beach Kennel Club 642770 606597 577271 391176 7337842 3274469 3502358 2009597 2084985 Ebro Greyhound Track 225980 0 0 190163 2131753 1048100 236242 436962 0 Flagler Greyhound Track 0 0 0 0 2746186 2135748 0 1233038 4274369 Hollywood Greyhound Track 0 0 0 0 2659462 3070958 0 678397 6854500 Jacksonville Kennel Club 412139 355272 428053 292798 836434 551525 338473 252470 592341 Jefferson County Kennel Club 171881 0 0 123856 57359 186845 90172 0 0 Melbourne Greyhound Park 635298 950218 866123 469010 8405889 3854043 3039844 2199577 803543 Naples-Ft Myers Greyhound Track 0 0 0 0 12563644 8096894 7497861 3694089 1161922 Orange Park Kennel Club 299969 294940 272751 182718 720158 441303 336819 200015 448407 Palm Beach Kennel Club 1063787 1402692 1265600 640228 34284662 30025463 4477430 13597313 6626854 Pensacola Greyhound Track 0 0 0 0 744914 495309 0 11279 0 Sanford-Orlando Kennel Club 0 0 0 0 94910 3389498 4680632 2206666 1494795 Sarasota Kennel Club 0 0 0 0 11596162 3760315 5717558 2788110 1835913 St Johns Greyhound Park 140368 474659 497872 93213 9259139 3533616 4023236 2786492 2407587 St Petersburg Kennel Club 548335 1806573 1577866 313972 17163949 5034950 9387163 5325188 2959807 Tampa Greyhound Track 436700 1245762 1281236 295822 9607624 2650429 5123603 2566998 1971422

Total Greyhound Permitholders $4577227 $7136713 $6766772 $2992956 $130985536 $71549465 $48793093 $40984541 $36929829

Jai Alai Permitholders Dania Jai Alai $0 $1329388 $578364 $0 $1319094 $1851603 $0 $498909 $4713256 Florida Jai Alai 1931448 1771475 1722806 1279108 19931706 7460053 10298698 5571190 6844329 Ft Pierce Jai Alai 324195 1272771 935660 212384 5157291 3234513 3177043 1895142 917486 Miami Jai Alai 2135864 0 0 335531 23874 372805 0 227207 1455300 Ocala Jai Alai 173628 806605 747732 107744 3291442 978299 997740 807116 492628 Summer Jai Alai 836294 0 0 1327441 791111 0 0 25665 1258282 Summersport Enterprises 0 225001 977196 0 2189441 0 0 641518 2740952

Total Jai Alai Permitholders $5401429 $5405240 $4961758 $3262208 $32703959 $13897273 $14473481 $9666747 $18422233

Thoroughbred Permitholders Calder Race Course $0 $0 $0 $0 $0 $0 $777255 $0 $0 Gulfstream Park 0 0 0 0 0 0 7836938 0 0 Ocala Breeders Sales 0 0 0 0 9524318 4350648 3529286 3377041 591838 Tampa Bay Downs 216471 651650 603634 118839 24170535 8524284 0 6398045 3614276 Tropical Park 0 0 0 0 0 0 1194034 0 0

Total Thoroughbred Permitholders $216471 $651650 $603634 $118839 $33694853 $12874932 $13337513 $9775086 $4206114

Harness Permitholders Pompano Park Racing 3178537 0 0 1816294 4965729 3146449 0 1551463 0

TOTAL FOR ALL PERMITHOLDERS $13373664 $13193603 $12332164 $8190297 $202350077 $101468119 $76604087 $61977837 $59558176

TOTAL

$7933289 18863037 31569139

8354906 28862644 37109537 26363954

5142500 28472616 42428022 14231178

108647055 5868227

20697881 40759751 36694964 68234150 44035242

$574268092

$10290614 56810813 22263591

4550581 13017648

4238793 6774108

$117946148

$777255 7836938

22905191 52561059

1194034

$85274477

14658472

$792147189

40

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 45: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

FIN

AN

CIA

L S

TATE

ME

NTS

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 46: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

DEPARTMENT OF BUSINESS amp PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

BALANCE SHEET SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

ASSETS2005 2004

Cash Cash with State Treasurer Investments at cost Accounts receivable Allowance for uncollectibles Interest receivable Revenue receivable Due from state funds

$ 17476559 207846130 736085117

5682673 (206921) 4207026

46125880 254577419

$ 80233023118849713938535301

646243(379256)2164162

32449495276612583

TOTAL ASSETS $ 1271793883 $ 1449111264

LIABILITIES amp FUND EQUITY

Liabilities Accounts payable Accrued salaries Due to other funds Due to other state agencies Due to general revenue Compensated Absences Deferred revenues

$ 18462150 20676599

173145 12247677 83312951

55195 4631401

$ 1365393918460480

109567652020

84839631-

2850000

Total Liabilities 139559118 127467026

Fund Equity Unreserved 1132234765 1321644238

Total Fund Equity 1132234765 1321644238

TOTAL LIABILITIES amp FUND EQUITY $ 1271793883 $ 1449111264

The financial statements and notes are for informational purposes only

41

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 47: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION DIVISION OF PARI-MUTUEL WAGERING

STATEMENT OF REVENUES EXPENDITURES amp CHANGES IN FUND BALANCE - BUDGET amp ACTUAL SPECIAL REVENUE FUND

FOR FISCAL YEAR ENDED JUNE 30 2005

FINAL 2005 2004 BUDGET ACTUAL VARIANCE ACTUAL

REVENUES Fees charges commissions and sales $ 398178500 $ 412345353 $ 14166853 $ 458717813 Licenses and permits 70773000 72746072 1973072 72397790 Taxes 2400227400 2489715708 89488308 2591818057 Fines forfeits judgments and settlements 2872800 2811764 (61036) 3209000 Interest and dividends net 23689500 28609596 4920096 34136952 Transfers In 49900 49900 -Miscellaneous receipts 210000 63320 (146680) 1388353

Total Revenues 2895951200 3006341713 110390513 3161667965

EXPENDITURES CURRENT OPERATING Salaries 342893400 326724664 16168736 305898959 Other personal services 188566600 182246491 6320109 219502478 Other operating expenditures 61269200 48600770 12668430 51186794 Risk management 23495800 23495800 - 43013400 EDP-Samas user charges - - - -Data processing 2000000 892661 1107339 15825645 GampAState university system 30000000 20204546 9795454 30000000 GampAMajor Disaster Hurricane Charley 49900 49900 - -Regulation of PMW industry 16795900 16795900 - -Tax collectionequalization 6072500 6072500 - -PMW Lab Services 204000000 204000000 - 204000000 PMW Compliance System 27647600 17100000 10547600 -Technology Solutions 28706000 - 28706000 22634500 TrDMSHR SVCSSTW Contract 4406700 4406470 230 4254197 Cardroom tax distribution 23123100 23123032 068 3459046 OPERATING CAPITAL OUTLAY 1803200 691644 1111556 1439992 Acquisition of motor vehicles 2480200 2415600 64600 2765000 Assessment for fingerprinting 36000000 28670000 7330000 32868600 Service charge to general revenue 230000000 221431462 8568538 230646851 Refunds 55000000 15723081 39276919 361600 Transfers to other funds 440812100 362963372 77848728 166139592

Total Expenditures 1725122200 1505607893 219514307 1333996654

Excess (Deficiency) of Revenues Over 1170829000 1500733820 329904820 1827671311 (Under) Expenditures Transfers to general revenue 1655458746 2291672600

FUND BALANCE JULY 1 2004 1286959691 1785645527

FUND BALANCE JUNE 30 2005 $ $ 1132234765 $ $ 1321644238 (1) (2)

(1) Does not include budget of $ 30000000 for category 190000 Investments Actual expenditures for category 190000 were closed into the investment account

(2) An adjustment of $34684547 was made to the beginning fund balance due to adjustments made by the Department of Financial Services

The financial statements and notes are for informational purposes only

42

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 48: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

1 Summary of Significant Accounting Policies

Responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation including all disclosures rests with the division except for the financial statements and additional information which are the responsibility of the Bureau of Accounting Department of Business and Professional Regulation The accounting policies of the division conform to generally accepted accounting principles as applicable to governments The most significant of the divisionrsquos accounting policies follow

Reporting Entity ndash The Department of Business and Professional Regulation is a component unit within the State of Florida reporting entity which consists of the statersquos legislative agencies the governor and cabinet the state departments commissions and boards of the executive branch and the various offices relating to the judicial branch of state government

The Division of Pari-Mutuel Wagering is a regulatory division of the Department of Business and Professional Regulation It is charged with supervision of the pari-mutuel cardrooms in addition to supervision of the making of pari-mutuel pools and wagers and their distribution as described under Chapters 550 and 849 FS

Fund Accounting ndash The division uses funds and account groups to report on its financial position and the results of its operations Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities

A fund is a separate accounting entity with a self-balancing set of accounts An account group on the other hand is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources The following fund types and account groups are used to record transactions relating to the divisionrsquos activities

Governmental Fund Types bull Special revenue funds are used to account for the proceeds of specific revenue sources that are

legally restricted to expenditures for specified purposes Fiduciary Fund Types bull Agency funds account for the assets held by the division for others These are custodial in nature

(assets equal liabilities) and do not involve measurement of operations Account Groups bull The general fixed asset account group is used to maintain accounting control for general fixed

assets bull The general long-term debt account group is used to maintain accounting control for long-term

obligations of governmental fund types not paid with current resources

Basis of Accounting ndash Basis of accounting refers to revenues and expenditures or expenses recognized in the accounts and reported in the financial statements Basis of accounting relates to the timing of the measurements made regardless of the measurement focus applied

The divisionrsquos accounting records for all governmental fund types and agency funds are maintained on the modified accrual basis Under the modified accrual basis of accounting revenues are recognized when susceptible to accrual (ie when they become both measurable and available) ldquoMeasurablerdquo is defined as the amount of the transaction that can be determined and ldquoavailablerdquo is defined as collectible within the current period or soon enough thereafter to be used to pay the liabilities of the current period Significant revenues considered susceptible to accrual include pari-mutuel fees and taxes Expenditures are recorded when the related fund liability is incurred

43

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 49: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Account Policies (Continued)

Budgets ndash The department follows statutory procedures in the adoption amendment and reporting of budgets and budgetary data

A Budgets are to be prepared and submitted to the Legislature and Executive Office of the Governor on an annual basis in the form and manner prescribed by Chapter 216 FS Prior to June 30 the budget is legally enacted through passage of a law

B Budgetary information is integrated into the departmentrsquos accounting system Monthly budget reports are furnished to division directors to assure compliance with budgets as authorized by the State Legislature Releases of the budget are authorized by the Executive Office of the Governor as a further budgetary control

C Limited transfers of expenditure authority may be made by the agency head Transfers in excess of the limitations established by Section 216292(2) FS must be approved by the Administrative Commission

D Pursuant to Chapter 216 FS annual appropriations to the department are to be used to fund (a) authorized expenditures incurred during the current fiscal year (b) encumbrances outstanding at year-end approved for liquidation in the subsequent year and (c) legal due and unpaid obligations relating to prior year appropriations which have lapsed

Encumbrances ndash Encumbrance accounting under which purchase orders and other commitments for the expenditure of monies are recorded in order to reserve that portion of the applicable appropriation is employed as an extension of formal budgetary integrations in the special Revenue Funds Encumbrances outstanding at year-end are reported as reservations of fund balances since they do not constitute expenditures or liabilities Encumbrances outstanding as of June 30 do not lapse and are considered payable by December 31 from the June 30 budget

Investments ndash Investments are stated at historical cost

Short-Term Interfund ReceivablesPayables ndash During the course of operations numerous transactions occur between individual funds for goods provided or services rendered These receivables and payables are classified as ldquodue from other fundsrdquo on the balance sheet

Accounts Receivable ndash The amount shown as Allowance for Uncollectables in the Pari-Mutuel Collection is uncollected checks

Fixed Assets ndash Fixed assets purchased in the governmental fund types are recorded as expenditures (capital outlay) at the time of purchase Such assets are recorded at cost in the General Fixed Assets Account Group Depreciation is not recorded in the General Fixed Assets Account Group

Liability for Compensated Absences ndash Employees earn the right to be compensated during absences for vacation and illness Within the limits established by the law or rule unused leave benefits will be paid to employees upon separation from state service The liability for compensated absences has been recorded in the General Long-Term Debt Account Group

Fund Equity ndash Reserves for encumbrances segregate a portion of fund equity committed for a specific future use In accordance with Section 550135 FS the Pari-Mutuel Wagering Trust Fund does not maintain fund equity in excess of $35 million Funds in excess of this amount are transferred to the General Revenue Fund of the State of Florida

44

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 50: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

Department of Business and Professional Regulation Division of Pari-Mutuel Wagering

Notes to Financial Statements June 30 2005

Summary of Significant Accounting Policies (Concluded)

2 Cash and Investments

Cash is maintained in the State Treasury The financial institution used the compensating balances and the security requirements are all the responsibility of the State Treasurer Idle funds of Special Revenue Funds were deposited with the State Treasurer for investment in accordance with Section 215535 FS Deposits are not recorded as expenditures of the funds Earnings from investments in excess of service made are recorded as revenues Investments of money placed with the State Treasurerrsquos Office are made on a pooled basis and the State Treasurerrsquos Office has not identified or reported the market value of these investments as of the date of this report Management considers all cash and investments to be fully insured

3 Fixed Assets

Changes in general fixed assets during the year are summarized below

GENERAL FIXED ASSETS Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 19176400 $ 2415600 $ 6663255 $ 14928745 Furniture amp Equipment 28254884 691644 4561445 24385083

Total General Fixed Assets $ 47431284 $ 3107244 $ 11224700 $ 39313828

DEPRECIATION Additions and June 30 2004 Adjustments (1) Retirements June 30 2005

Automobiles $ 11138331 $ 1712301 $ 6627674 $ 6222958 Furniture amp Equipment 22844536 1800495 14457611 10187420

Total General Fixed Assets $ 33982867 $ 3512796 $ 21085285 $ 16410378

(1) Adjustment was made to update beginning balance

4 General Long-Term Debt

The Division of Pari-Mutuel Wagering has no long-term debt

Compensated Absences The total liability for the division is $42811229

5 Fines

In accordance with Section 550241 FS it is a violation for a person to administer or cause to be administered any drug medication stimulant depressant or other type of drug-masking agent to an animal which will result in a positive test for such substance taken immediately prior to or subsequent to the racing of that animal Rules have been promulgated which identify specific instances where the statute should be implemented They have been adopted by the division and enforced by the Office of Investigations

6 Retirement Plans

Pursuant to law all officers and salaried employees are member of defined retirement plans which are administered by the Department of Administration Division of Retirement These retirement systems consist of both contributory and noncontributory benefit plans The plans provide for retirement death and disability benefits as well as requiring contributions by employees andor participating agencies at stated percentages of compensation as determined by the State Legislature

45

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 51: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

PA

RI-M

UTU

EL

STA

TUTE

MA

TRIX

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 52: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

FEES

Daily License Fees On Live

On-track Handle

$80 per race 5500951(1)(a) $40 per game 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a) $100 per race 5500951(1)(a)

Daily License Fees On

Simulcast Handle

$80 per race but not to exceed $500 per day 5500951(1)(a)

$40 per game but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

$100 per race but not to exceed $500 per day 5500951(1)(a)

Cardroom Table Fees

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

Annual fee for each facility is $1000 for the first table and $500 for each additional table to be operated at the cardroom 849086(5)(d)

TAXES

Tax On Admissions

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

15 of admission charge or 10 cents whichever is greater for entrance to facility and grandstand 5500951(2)(a)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

No tax is imposed on free passes or complimentary cards 5500951(2)(b) and (c)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

15 of admission charge or 10 cents whichever is greater for entrance to the cardroom This tax only applies if a separate admission fee is charged for entry into the cardroom facility If a single admission fee is charged allowing entry to both or either the pari-mutuel facility and the cardroom facility the tax is payable only once and shall be payable pursuant to Chapter 550 849086(13)(b)

Tax On Cardroom Gross Receipts

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Each cardroom operator shall pay a tax to the state of 10 of the cardroom operations monthly gross receipts 849086(13)(a)

Tax On Live On-track Handle

55 of handle and 76 of handle on charityscholarship performances 5500951(3)(b)1

Effective July 1 2000 a permitholder may not be taxed at a higher rate than 2 5500951(3)(d)

05 of handle 55009515(2)(a) 05 of handle 55009512(2)(a) 1 of handle 5500951(3)(a)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 46

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 53: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Tax On Intertrack Wagering Handle

55 of handle 76 for market area guests during charityscholarship performances 5500951(3)(b)1 and 5500951(3)(c)1

71 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1 33 of handle 5500951(3)(c)1 2 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

Tax On Simulcast Handle

Allows permitholders to receive greyhound races from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive jai alai games from out-of-state and are subject to taxation under 5500951 and 55009511 5503551(4)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Allows permitholders to receive horse races from out-of-state and are subject to taxation under 5500951 55009512 and 55009515 5503551(3) through 5503551(3)(c)

Tax On Intertrack Simulcast Handle

55 of handle 5500951(3)(b)1 and 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for permitholders located in an area of the state where there are only 3 greyhound permitholders located in 3 contiguous counties 5500951(3)(c)2

71 of handle 5500951(3)(b)2

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

33 of handle if permitholder restricted from operating live on a year-round basis and tax paid on intertrack handle exceeds that paid during 9293 State Fiscal Year 55009511(3)(a)

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if host and guest are thoroughbred permitholders or if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1 05 of handle if guest track is a thoroughbred track located more than 35 miles from host track 55009515(5)

15 of handle 5500951(3)(c)1

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

24 of handle 5500951(3)(c)1 and 55009515(5)

05 of handle if the guest is located outside market area of host and within market area of thoroughbred track conducting a live meet 5500951(3)(c)1

39 of handle for greyhound permitholders located in the same market area as specified in 550615(6) or (9) 5500951(3)(c)2

61 of handle for jai alai permitholders located in the market area as specified in 550615(6) or (9) until the tax paid on intertrack handle in the current state fiscal year exceeds that paid during 9293 State Fiscal Year then tax on handle is 23 5500951(3)(c)2

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 47

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 54: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

PAYMENT TO GUESTS

Intertrack Wagering Handle

5 of handle 5506305(1) 5 of handle 5506305(1) 7 of handle 5506305(1) 5 of handle 5506305(1)

May reduce purses by 50 of supplemental amount paid to the guest track not to exceed 1 of intertrack wagers in current meet pursuant to 550615 5506345

7 of handle 5506305(1)

Intertrack Simulcast Handle

One-third of net proceeds 5506305(9)(b)1

One-third of net proceeds 5506305(9)(e)2

PURSES PLAYERSrsquo AWARDS

Live On-track Handle

Permitholders pay purses on live handle during its current meet at a rate not less than what was paid during the 199394 State Fiscal Year 55009514(2)(a)

A minimum of 775 of handle plus 0625 from Jan 3ndashMarch 16 0225 from March 17ndashMay 22 085 from May 23ndashJan 2 Any permitholder whose total live handle during the 199192 State Fiscal Year was not greater than $34 million is exempt from the additional purse payment 5502625(2)(a)

An amount not less than 825 of handle with 775 paid as purses and not more than 05 for medical dental surgical life funeral or disability insurance benefits for occupational licensees working at the tracks 5502625(2)(b)1 and 5502625(2)(b)2

6 of handle 5502625(2)(c)

Permitholders pay an annual amount equal to 75 of the daily license fee paid for the 199495 State Fiscal Year However two greyhound permitholders located as specified in 550615(6) an aggregate amount of the 75 shall be paid 55009514(2)(b)

2 of handle on exotic wagers may be withheld for overnight purses No permitholder may withhold in excess of 20 from the handle without withholding the amounts set forth in this subsection 5502625(2)(a)

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 48

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 55: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

-----------------------------------------------------------------------------

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Wagering Handle

Permitholders conducting 3 or more live performances weekly pay purses in that week on 1 Wagers it accepts as a guest on greyhound races at the same rate paid on live races 2 On wagers accepted at a dark market area guest at the same rate paid on live races 55009514(2)(c)1 If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

If host and guest are thoroughbred permitholders and guest track accepts wagers during its current meet one-third of guest payment shall be paid as purses during its current meet In addition 2 of guest handle shall be remitted by host to guest and deducted from required purse amount paid by host 5506305(1)(a)

Wagering accepted at any guest track including a thoroughbred guest track located within 25 miles of another dark thoroughbred permitholder the host shall pay the thoroughbred permitholder 2 of intertrack handle on all such guests including guest thoroughbred which amount is deducted from purses paid by host track This amount is used by thoroughbred permitholder for purses during its next meet 5506305(1)(b)

7 of handle 550625(1)

Permitholder may pay guests an additional percentage in addition to that authorized in 5506305 Permitholder may reduce purse amount by 50 of the supplemental amount paid to the guest but the total reduction may not exceed 1 of the intertrack wagers placed on the regular on-track program during the current meet pursuant to 550615 5506345

7 of handle permitholder may hold 05 of this amount to supplement the awards program for owners of Florida-bred horses 550625(1)

Simulcast Handle Permitholders conducting 3 or more live performances weekly shall pay purses in that week on wagers it accepts as a guest track on simulcast greyhound races at the same rate paid on live races 55009514(2)(c)1 Host permitholders shall pay purses on broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

Permitholders pay an amount equal to one-third of the tax reduction as a result of the reduced tax rates provided by the amendment to 5500951(3) 55009514(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 49

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 56: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

Intertrack Simulcast Handle

Host permitholders shall pay purses on intertrack broadcasts of greyhound races to guests outside its market area an amount equal to one quarter of an amount determined by adding the fees received for simulcast races plus 3 of intertrack handle from guests located outside its market area and paid fees to host for broadcasts 55009514(2)(c)2

One-third of net proceeds 5506305(9)(b)3

One-third of net proceeds 5506305(9)(e)4

If host and guest are not market area greyhound permitholders an amount equal to the tax reduction applicable to guest handle by the amendment to 5500951(3) shall be distributed to the guest track One-third of which shall be paid as purses -----------------------------------------------------If the guest is a greyhound permitholder within the market area or the host or guest is not a greyhound permitholder the host track retains the amount equal to the tax reduction of the applicable guest handle One-third of which is paid as purses at the host track 55009514(2)(e)

Permitholders located in any area where there are only 2 permitholders 1 greyhound and 1 jai alai may accept wagers on the rebroadcast of out-of-state thoroughbred races from a Florida thoroughbred permitholder and be exempt from provisions in paragraph (b) if the thoroughbred permitholder located as specified is conducting live races and simulcast races from out of state The guest permitholder is entitled to 45 of the net proceeds on wagers accepted at the guest facility The host shall retain half of the remaining proceeds and the other half shall be paid by the host as purses at the host facility 5506305(9)(d)

Any harness permitholder accepting out-of-state harness broadcasts and not conducting live races must make available the out-of-state signal to all permitholders eligible to conduct intertrack wagering Guests located as specified in 550615(6) and 5506305(9)(d) receive 50 of the net proceeds on harness wagers they accept The harness permitholder is required to pay 50 of the net income into its purse account 5503551(6)(b)

If guest is a thoroughbred track located more than 35 miles from host track The host track shall pay to guest track 19 of handle to be used for purses 55009515(5)

Cardrooms 4 of monthly cardroom gross receipts must be utilized to supplement purses during the next ensuing meet 849086(13)(d)

4 of monthly cardroom gross receipts must be utilized to supplement prize money during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OWNERSrsquo AWARDS

Live On-track Handle

1 of handle on exotic wagers may be withheld for ownersrsquo awards No permitholder may withhold in excess of 20 from handle without withholding amounts set forth in this subsection 5502625(2)(a)

Intertrack Simulcast and

Intertrack Simulcast Handle

85 of purse account from intertrack wagering amp interstate simulcasting are used for ownersrsquo awards as set forth in Section 5502625(3) 5502625(2)(e)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 50

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 57: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREEDERSrsquo amp STALLION AWARDS

Live On-track Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of total handle is paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 5502625(5)(a)

1 of Appaloosa handle is paid to Florida Appaloosa Racing Promotion Fund 5502625(7)(a) and (b)

1 of Arabian handle is paid to Florida Arabian Racing Promotion Fund 5502625(8)(a) and (b)

Intertrack Wagering Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 550625(2)(b)

1 of handle paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association 55026165(1) and 550625(2)(c)

Simulcast Handle 0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

For live Florida races exported pursuant to 5503551(2) the host track is required to pay 3475 of the gross revenue to FTBA 5502625(3)

Intertrack Simulcast Handle

0955 of handle paid to Florida Thoroughbred Breedersrsquo Association (FTBA) 55026165(1) and 5502625(3)

1 of handle paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 5506305(9)(e)1

09 of all wagering proceeds on broadcasts is paid to FSBOA 5503551(6)(b)

Cardrooms 50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

50 of monthly cardroom net proceeds as follows 47 for purses and 3 for breedersrsquo awards during the next ensuing meet 849086(13)(d)

OUTS (ESCHEATS)

Live On-track Handle

State of Florida 5501645(2) State of Florida 5501645(2) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo and Ownersrsquo Association (FSBOA) 55026165(1) and 5502633(2)(a)

Paid to Florida Quarter Horse Breedersrsquo and Owners Association (FQHBOA) 55026165(1) and 5502633(2)(b)

Escheats from Arabian races are paid to Florida Arabian Horse Racing Promotion Fund 5502633(2)(c)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(4) and (11 )

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 51

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies
Page 58: Division of Pari-Mutuel Wagering · 2018. 6. 4. · OVERVIEW . This annual report on pari-mutuel wagering in Florida encompasses the fiscal year, which began July 1, 2004, and ended

STATUTE TOPIC GREYHOUND JAI ALAI THOROUGHBRED HARNESS QUARTER HORSE

BREAKS

Live On-track Handle

Retained by permitholder 5500951(4) To players as awards 55009511(2)(f) Retained by permitholder 5502633(3) Paid to Florida Standardbred Breedersrsquo amp Ownersrsquo Association (FSBOA) 55026165(1) and 5502625(4)

Paid to Florida Quarter Horse Breedersrsquo amp Ownersrsquo Association (FQHBOA) 55026165(1) and 5502625(5)(a)

Appaloosa and Arabian breaks are paid to Florida Appaloosa Racing Promotion Fund and Florida Arabian Racing Promotion Fund 5502625(7)(a) amp (b) and 5502625(8)(a) amp (b)

Intertrack Wagering Handle

Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325 Retained by permitholder 5506325

Simulcast Handle Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(4) and (11)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

Retained by permitholder 5503551(3)(c)

TAX CREDITS amp EXEMPTIONS

(excluded during charity

scholarship

Tax exemption of $360000 per state fiscal year or $500000 for 3 permitholders that held a full live schedule in 1995 and closest to another state authorizing greyhound racing

A permitholder that has incurred tax on handle and admissions that exceeds its operating earnings may credit the excess amount of taxes against its next ensuing meet 55009511(1)(b)

Permitholders are allowed a credit of up to 1 percent of the paid taxes for the previous taxable year The credit if taken is applied against taxes on live handle due for a taxable year under this

performances) 55009514(1)

Tax credit each state fiscal year equal to daily license fee on live races in previous state fiscal year 5500951(1)(a)

Unused portion of exemption or daily license fee tax credit is transferable to a greyhound host track 5500951(1)(b)

Tax credit each state fiscal year equal to the amount remitted in escheated tickets in prior state fiscal year 5501647

Tax credit each state fiscal year equal to 25 of amount remitted in escheated tickets in prior state fiscal year Funds equal to credit shall be paid by the permitholder to the National Association of Jai Alai Frontons 5501646

$30000 per performance exemption if live handle during the preceding state fiscal year was less than $15 million Including charity performances 55009511(2)(a)1

section and is paid directly to the Jockeys Guild by the permitholders 55009515(6)

CHARITY PERFORMANCES

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 1 additional day to be designated as ldquoGreyhound Adopt-A-Pet Day Proceeds are paid to bona fide organizations that promote the adoption of greyhounds 5501648

Permitholders shall pay from any source including charity performances not less than 10 of tax credit from escheated tickets to a bona fide greyhound adoption program 5501647

Maximum of 5 days 5500351(1)

Permitholders are allowed to conduct 2 additional performances known as ldquoRetired Jai Alai Playersrsquo Charity Dayrdquo for a fund to benefit retired jai alai players 5500351(8)

Maximum of 5 days 5500351(1)

One additional scholarship day to tracks located in Hillsborough County for the benefit of Pasco-Hernando Community College 5500351(6)(a) and 5500351(6)(b)

Maximum of 5 days 5500351(1) Maximum of 5 days 5500351(1)

This matrix represents a summary of 2004 Statutes Please refer to the cite noted by statutory topic for specific language governing pari-mutuel wagering 52

  • narrative0405pdf
    • narrative0405pdf
      • THE DIVISION OF PARI-MUTUEL WAGERING
      • OFFICE OF AUDITING
      • OFFICE OF OPERATIONS
        • Royal H Logan Chief Operating Officer
          • UrineBlood
            • Urine
              • Other 3
                  • Samples Received
                      • TOTAL
                          • 0405 Events Shaping Reportpdf
                            • Events Shaping the 20042005 RacingGaming Season in Florida
                              • State Revenue 0405pdf
                                • 20042005
                                  • 04-05StateAttendanceChartpdf
                                    • Total Paid
                                    • Total
                                    • Pari-Mutuel
                                    • Handle (2)
                                    • State Revenue
                                    • as a Percent
                                    • of Handle
                                      • 20042005Charity-scholarshippdf
                                        • RACING SCHOLARSHIP TRUST FUND
                                        • ABANDONED WINNING TICKETS
                                          • 0405 Financial notespdf
                                            • June 30 2005
                                            • Summary of Significant Accounting Policies