July 23, 2014
Mixed hand: Poker rooms and the pari-mutuel industry

Photo: Bob Self / The Florida Times-Union

BestBet Jacksonville earned more than $6 million from its card room from July to November 2012.

Gambling in Florida

Mixed hand: Poker rooms and the pari-mutuel industry

Lilly Rockwell | 3/6/2013

Gaming Revenue (FY 2011-12)

Jacksonville Kennel Club*
Racing: $14.4 million, down 55% from 2008-09
Card Room: $5 million, (no card room in August 2009)

Orange Park Kennel Club
Racing: $12.4 million, down 23.8% from 2008-09
Card Room: $10.2 million, up 34.6%

St. Johns Greyhound Park
Racing: $23.4 million, down 28% from 2008-09
Card Room: $4.1 million, down 35%

Hamilton Jai Alai and Poker
Card Room: $597,406, down 54%

Ocala Poker and Jai Alai
Card Room: $3.8 million, down 5%

*Jacksonville Kennel Club reported revenue
through races at Orange Park Kennel Club.
Source: Department of Business and Professional Regulation

Poker rooms have been a boon for the pari-mutuel industry statewide since the Legislature approved them in 1996. Card room revenue at 21 of the state’s betting sites has risen nearly 9% from four years ago, while gambling revenue from greyhound racing declined 30% over the same period.

In northeast Florida, however, card room revenue at most venues has lagged. The card rooms at the five north Florida pari-mutuel facilities generated $23.7 million last fiscal year, according to data submitted to the state. At two facilities, card room revenues were off by at least 30%.

Brian Matthews, a manager at Ocala Jai Alai and Poker, says its 5% dip in card room revenue stems from the slow economic recovery. “People are more apt to watch their money,” he says. “It’s an ebb and flow.”

The industry in northeast Florida still sees a future with poker rooms. “We’ve seen a strong growth pattern when it comes to poker,” says Michael Munz, spokesman for Jacksonville Greyhound Racing.

The company closed the dog track at its former Jacksonville site and features 70 poker tables at its new facility. BestBet Jacksonville earned $6.1 million from its card room from July to November 2012, more than St. Johns Greyhound Park, which is also owned by Jacksonville Greyhound Racing, earned from its card room for the entire previous fiscal year.

In Ocala, the Ocala Breeders’ Sales Co. activated a 25-year-old permit for quarterhorse racing in December with the idea of opening a card room or other gambling venture.

And while Hamilton County voters have approved slots at the county’s lone pari-mutuel facility, a legal opinion by Attorney General Pam Bondi has kept them out of the  county.

Tags: Northeast, Travel & Tourism

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Greenlight Pinellas: Connecting Tampa Bay
Greenlight Pinellas: Connecting Tampa Bay

Chris Steinocher, President & CEO, St. Petersburg Area Chamber of Commerce, explains the benefits of a proposed public mass transit system with plans to unite the Tampa Bay Area.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you agree with the Florida jury who just awarded $23 billion to the wife of a (deceased) smoker in her suit against RJ Reynolds?

  • Yes, justice has been served
  • No, that is too much

See Results

Ballot Box
Subscribe