Ebro, other Florida tracks see lower revenue, attendance

Published: Tuesday, August 20, 2013 at 05:11 PM.

One way greyhound tracks have offset their losses is with card rooms, and Ebro is no exception. In recent years, though, its card room has seen revenue decline, as well.

Back in fiscal year 2010-11, the card room revenue peaked at $4.6 million, but in fiscal year 2012-13 it only generated $3.5 million, a 31.8 percent decrease. (Revenue was $4.3 million in 2011-12.)

Still, that’s a sizable haul compared with receipts from seven years ago, when the card room only generated $1.6 million.

The reason for the spike was a change in Florida law in July 2010, Hess said. The change allowed for more hours and higher bets, and coupled with a big tourism rebound in summer 2011, card room revenues shot way up, he said.

“Now we’ve kind of leveled off to where we were,” Hess said.

And it’s likely to plateau.

“There’s always new people with new interest in poker and hopefully we’ll get some increase, but I think it’s going to level off right in there somewhere,” he said.

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