U.S. Greyhound betting Racing Revenues

Question

Grehound betting generates allot of revenue, U.S government takes its share of profit from Grehound betting through taxes. I would like to have statistics of U.S. Greyhound betting Racing Revenues.

Answer 1

U.S. Greyhound Racing Revenues

According to International Gaming & Wagering Business (August 1995/1996), the U.S. gaming industry grew by 15% gross game revenues (less payouts/winnings) in 1994 and 11.4% in 1995. By comparison, live dog racing declined by 17.2% in 1994 and another 12.8% in 1995 - for a combined drop of 30%. Even with the addition of simultcasting and off-track betting, which have both shown growth through in relatively small dollar amounts, greyhound racing revenues dropped 4.2% in 1995.

State Revenue Decline 1989-1994
(in states where the number of dog tracks has remained the same).  State  

% Change in Revenue
  State    % Change in Revenue
Arizona   -27   Massachusetts   -68
Arkansas   -37   New Hampshire   -75
Colorado   -12   Oregon   -64
Connecticut   -84   Rhode Island   -37
Idaho   -14   West Virginia   -32
Iowa   -77    

Source:Track/state revenue analysis based on data published in the Greyhound Review