Gulfstream: Record $1.2B in Wagering in 2014

Gulfstream: Record $1.2B in Wagering in 2014
Photo: Coglianese Photos
Gulfstream Park

Gulfstream Park said Jan. 1 its total pari-mutuel handle on live racing in 2014 was a record $1.2 billion for one year.

Officials at the Florida racetrack said the figure is an increase from $826 million in 2013, and that the 2014 number came despite head-to-head competition with Calder Casino & Race Course for the first six months of the year.

Gulfstream in 2014 raced 177 days, up from 132 days in 2013, according to The Jockey Club Information Systems. If the Gulfstream Park West meet at Calder is factored in, The Stronach Group-owned track offered 221 days of racing in 2014, or 89 more programs than 2013.

A Jan. 1 release didn't say whether the wagering total was for the Gulfstream signal only or the Gulfstream and Gulfstream Park West meets combined.

Gulfstream averaged 8.60 horses per race in 2014, according to TJCIS. At the 44-day Gulfstream Park West meet, average field size was 8.64 horses per race.

For 132 days of racing in 2013 Gulfstream paid $47.88 million in purses for a daily average of $342,737, according to TJCIS. For 177 days in 2014, the track paid $55.96 million in purses for an average of $316,188.

At the Gulfstream Park West meet, purses paid totaled $10.80 million for an average of $245,605 per day. If the Gulfstream and Gulfstream Park West purses are combined, the total is in excess of $66 million.

"We're happy with the progress we made in 2014," Gulfstream president and The Stronach Group's chief operating officer Tim Ritvo said in the release. "None of this would be possible without the bettors and horsemen. We believe with no head-to-head competition this coming year our commitment to grow the sport of Thoroughbred racing in Florida will produce even greater results."

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