Betting on Preakness Day Racing: For the Maryland Jockey Club, parent of Pimlico and Laurel Park, tomorrow could be the difference between profit and loss.

May 16, 1997|By Jon Morgan | Jon Morgan,SUN STAFF

It opens its doors more than 300 days a year. But for the Maryland Jockey Club, there's really only one day that matters. And it's tomorrow.

The big race's contributions to the Maryland Jockey Club:

Revenue source .............. Preakness Day '96 .. All of 1996

Betting in Md. on Md. races .... $6.7 million .... $169.5 million

Admissions revenue ............. $1.49 million ... $7.2 million

Parking revenue ................ $63,154 ......... $729,927

Program sales .................. $60,402 ......... $2.3 million

Television, sponsorships, misc.. $3.5 million .... $9.9 million

APretax operating profit ........ $4.2 million .... $4.4 million

Source: Estimates by the Maryland Jockey Club

Pub Date: 5/16/97

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