Fonner Park over a million in handle
 

Fonner handled over 1 million on their Monday card. Only problem is that they don't see much money from that as it was all ADW wagering. They are actually hoping people bet from their cars in the parking lot. Crazy times. They have even opened the apron for car parking!



http://www.ksnblocal4.com/content/ne...569046961.html

No ADW
 

Unfortunately, since I live in Nebraska (and was at Fonner on March 8th), I am unable to bet the races because in Nebraska you can only wager on a Nebraska track while at the track or an approved simulcast facility. I can't use Xpressbet to wager on Fonner................I could go and watch the races but can't play them. Minnesota has the same law, I believe............crazy!

...AND TEXAS :zz::wf

It's a weird law, that you can only bet with your phone on-track, when of course you can wager st the window. Of course if you're close enough to GI you can go bet there at Fonner. I was planning on coming from California this weekend for the camel and ostrich races but of course those plans got canceled. I went there last year and had a great time, and while I'm disappointed to not go this year, I'm very happy to see Fonner exposed to a larger audience, as they put on a great product considering that have very little gaming revenue (just live keno.)

The results of the Fonner Park two-week experimental meeting are doomed. According to Kotulak, without in-state wagering, the $1M+ handle on Monday only covered the purses for their first four races without considering the operational overhead. Effectively, this means that despite the exposure, the purse account was seriously depleted this week. If they run during this upcoming Monday-Tuesday-Wednesday sequence, it will surely be the end of the meeting and could result in an even worse longer term outcome.

How is the historical racing machines working out?

Oh wait...never mind

Fonner is the Donald Trump of racetracks.

:rolleyes:

They handled $7,000,000 yesterday.

The Fonner Park handle on the first Monday, according to Chris Kotulak, covered about 4 race purses (local newspaper coverage). I am thrilled that I was wrong, but there are several factors that have worked in Fonner Park's favor including being able to leverage the "only game in town" angle.

On the financials, the Fonner Park take is about 3% of total handle which means an inbound revenue stream of $210,000 from yesterday's $7,000,000 handle. Tuesday's card paid approximately $50,000 in total purses representing a positive return of $160,000. That's the good news.

Now, to be fair, yesterday's handle was augmented by $3,600,000 bet into the Dinsdale Pick-5 mandatory payoff. If that $400,000+ carryover bonanza was not in place, the story would have been different.

In order to support a $50,000 purse-per-day distribution, the track needs a $1,700,000 handle off-track to break even. I hope that they can continue to draw that action.

Quite frankly, I have really liked the Fonner Park product. The races have been competitive, interesting as ever on the bull ring, and loaded with full fields.

To be fair half of that was the pick 5 jackpot. But even without it people are betting it, which is surprising to me. I didn’t get involved in the pick 5 but I’ve bet a handful of races from WRD recently.

I wonder if that embarrassing DQ will impact handle next Monday and Tuesday. Have to think today will be impacted by Tampa. The real test will be next Monday and Tuesday.