Meadowlands handle fails to top $3 million

[gh2009]

Handle was much more important to Meadowlands and other tracks before there were ADW's and OTB's because it was mainly live on track handle which they kept more of. These days Meadowlands on track handle is probably less than 10% of their overall handle, so on most days they're lucky if it's enough to cover purses for that night.

[Papillon]

my estimate is that M1 on track handle is less than $100k or 3% of the total handle at most

[gh2009]

Most people who go are there for the sportsbook.

[BigMFan]

Most people who go are there for the sportsbook.

Agree.  Was thinking 5% or less.  While I like the new building and especially the roof top bar (for late spring/summer) the setup is terrible to watch races and sports together. 

[wizardofoz]

Nice and clean new building and is fine.

[stanetelman]

Friday 1/10 handle
$3,068,924
2/3 reaching $3 million
$80,200 below break even point

Saturday 1/11 handle
$3,264,500
3/4 reaching $3 million
$184,300 above break even point

[stanetelman]

Unfortunately, operating without ancillary revenue from an alternate form of gaming and left to depend on money bet on the races as the main stream of revenue doesn’t pay the bills, jeopardizing the future of racing at the Meadowlands.
The revenue being generated by the sources available can not sustain purses at the current level, nor does it cover the cost of operations. That problem is compounded by the fact that handle on horse racing and in turn, the revenue derived from it, declines every year.  For the last four months, combined pari-mutuel handle is down $4.75M or 5%, with live being down $54K (2%), Import down $3.3M (12%) and Export down $1.4M (2%).