Turf Paradise
  • RACING
    • LIVE RACING >
      • Program
      • Race Replays & Live Video
      • Entries & Results
      • Changes & Scratches
      • Stakes Schedule
      • Workouts
      • Track Information
    • SIMULCAST RACING >
      • OTB Finder
      • On & Off Track Simulcast Schedule
      • Simulcast Results
    • HORSEMEN >
      • Owner View
      • Condition Book
      • Thoroughbred Index
      • Quarter Horse Index
      • Overnight
      • Program
      • Claims Report
      • Stakes Schedule
      • Historical Charts
      • Jockeys/Agents
      • Stall Application
      • Horsemen's Bookkeeper
      • Incompass Account Information
      • Equine Pool
      • Track Kitchen
      • Chaplaincy
  • OFF TRACK BETTING
    • OTB FINDER
    • ON & OFF TRACK SIMULCAST SCHEDULE
    • SIMULCAST RESULTS
    • OTB INFORMATION
  • LATEST NEWS
    • LATEST NEWS
  • TRACK INFO
    • DIRECTIONS & PARKING
    • GENERAL INFORMATION >
      • Admission & Seating
      • Hotels - Airport
      • Track Information
      • Turf History
      • Employment Opportunities
      • Contact Us
    • FACILITY AREAS >
      • Grandstand
      • Clubhouse
      • Turf Club
      • Players' Club
      • Directors' Suite
    • FOOD & DRINK >
      • Turf Club
      • Clubhouse
      • Grandstand
      • Food & Drink Specials
  • VIDEOS
  • GROUP SALES
    • CORPORATE/SOCIAL EVENTS >
      • Information & Venues
      • Current Group Specials
      • Group Event Photos
    • RIDE & DRIVE EVENTS
    • CORPORATE OPPORTUNITIES
  • NEW FAN
    • ESSENTIALS OF HORSE RACING
    • BETTING 101
    • HOW TO READ THE PROGRAM
    • HOW TO READ THE RACING FORM
    • RACING GLOSSARY
    • RESPONSIBLE WAGERING

Arizona’s Premier Horse Track Generates Annual Economic Impact of $91 Million New Study Finds

10/5/2016

 
Considerable Direct, Indirect and Induced Economic Activity Generated By Turf Paradise for Phoenix and Arizona

Picture
A study, recently released by economist Dr. Margaret Ray of the University of Mary Washington in Fredericksburg, Virginia found that Turf Paradise Race Course generates an annual economic impact of $91 million to the state of Arizona.


Since its establishment in 1956 as Arizona’s first sports franchise, Turf Paradise has continually been ranked among the state’s Top 5 sports attendance attractions. The racetrack draws horse racing enthusiasts from all across the United States, Canada and Mexico and has served as the center of the Arizona equine industry for more than 60 years.
 
It’s significant to note that the economic impact Ms. Ray’s report takes place within a 7 ½ month window, mid-October thru early May, which coincides with Turf Paradise’s live race meet. The report does not factor in the economic impact of Turf Paradise as a stand-alone tourist attraction.  The 2016-2017, 130-day live meet runs from October 15th through May 7th.
 
The study closely analyzes the direct, indirect, and induced economic impact of Turf Paradise’s activities in order to determine the total baseline economic impact in 2015. Direct economic impact includes expenditures made by Turf Paradise. Indirect economic impact consists of Turf Paradise’s direct impact expenditures in other business sectors of the local economy. Finally, induced economic impact is comprised of the amount of money spent by racetrack employees on goods and services in the region.
 
In addition to the $91 million annual impact of Turf Paradise to Arizona, the report also listed other major points of economic contribution in 2015:
 
  • When in season, Turf Paradise provides employment for 1,040 workers in both racetrack and stable operations.
 
  • More than 1,600 horses were housed at the racetrack during the October to May 2015 racing season, leading to operating expenses of nearly $18 million.
 
  • Recent construction and renovation at the track contributed $1.5 million to the Arizona economy.
 
  • Turf paradise paid $2.5 million in taxes in 2015.
 
  • As a major sports attraction, in 2015 over 290,000 attendees walked through Turf Paradise’s gates to take part in on-site live horse racing and an additional 525,000 fans attended one of 65 Off Track Betting sites located throughout the state.
 
  • Every $1 injected into the racing industry has a final economic impact of $2 on the Arizona economy.
 
Turf Paradise now hosts one of the longest seasons of thoroughbred racing in the United States and the racetrack’s races are simulcast to more than 2,000 locations in 40 different countries around the world.
 
“Turf Paradise is delighted to be a continuing and positive contributor to Arizona’s economic engine as well as its horse racing being ranked among the state’s top-tiered sports’ attendance attractions,” said Vincent Francia Turf Paradise General Manager.”
 
For more information on the study analyzing Turf Paradise’s economic impact, please contact Michael Scerbo at MScerbo@rosemoserallynpr.com or 602-615-6523.



Comments are closed.

    Archives

    March 2023
    January 2023
    December 2022
    November 2022
    October 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    October 2021
    August 2021
    May 2021
    April 2021
    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014

    Categories

    All

    RSS Feed


HOME    LOCATION    CONTACT    JOBS    HOTELS    BRANDING OPPORTUNITIES

Visit us!
Picture
Sign Up for Email Updates
Latino

BACK TO TOP

Tel: 602-942-1101

Copyright 2020 @ Turf Paradise. All Rights Reserved.



Turf Paradise