Texas Racing Profitable: State and Tracks Share in Revenue Derived during 1935-1936 Season of Sport, Daily Racing Form, 1936-10-16

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TEXAS RACING PROFITABLE State and Tracks Share in Revenue Derived During 1935-1936 Season of Sport. AUSTIN, Texas, Oct. 15. Racing in Texas again proved profitable to promoters and state alike during the fiscal year, 1935-36, the sum of 06,191.96 being turned over to the state by the various tracks, according to figures made public by Mrs. Elizabeth Thwcatt, secretary of the Texas Racing Commission. Taxes directly upon the mu-tuel turnover amounted to 86,724.94. The license fees totaled 8,100. Under pay to bettors of 50.10 and interest on deposits of 16.92 make up the total. Arlington Downs headed the list of major tracks in amount of taxation, contributing 87,630.45, principally as a result of handling ,505,209 in the pari-mutuels. At Arlingtons spring meeting of this year ,615,348 went through the machines, of which the track received 46,161.10 and the state 15,383.78, the latter sum including, license fees. The previous fall meeting produced 2,246.67 for the state, ,889,861 being handled. Epsom Downs is second in the list, the state receiving 06,564.95 from the Houston track. Epsom meetings showed little variation, ,123,364 being handled at the fall meeting of 1935, as compared with ,139,230 at the 1936 spring meeting. Of this, tho tracks commissions totaled 19,694.43. Alamo Downs, the major track located near San Antonio, contributed 02,112.05 and received 06,335.71 as its percentage. While figures show two meetings for the San Antonio track, they ran concurrently for a period of forty-six days, and the monies handled totaled ,084,477. Having suspended during the spring of 1936, due to ihe fact that its grounds are being utilized by the Texas Centennial. Fair Park, Dallas, only turned 3,249.83 into the state coffers this summer from Its fall meeting of 1935. During Fair Parks twenty-five day session ,129,990 passed through the machines, of which the track received 59,749.17. Of the meetings held at fairs and half-milers, Tri-State Fair at Amarillo, and Se-guin, located near San Antonio, were the largest contributors. The Panhandle tracks share of the revenue amounted to 0,223.22, due to ,000 license fees and a mutuel handle of 44,362 during two short meetings. Seguin. with a fifteenday period, handled 91,125 and. with a license fee of 00, paid the state ,778.17.


Persistent Link: https://drf.uky.edu/catalog/1930s/drf1936101601/drf1936101601_14_4
Local Identifier: drf1936101601_14_4
Library of Congress Record: https://lccn.loc.gov/unk82075800