1. Committee on Pari-Mutuels: Status and Outlook
Christopher McErlean
Vice President – Racing
Penn National Gaming, Inc.

2. Penn National Gaming
Operates 11 pari-mutuel racetracks in nine different jurisdictions
Over 1,100 annual live racing performances
$1 billion in pari-mutuel wagers processed
Seven racing properties also have casino style gaming:
Hollywood Casino at Charles Town Races (Charles Town, WV)
Hollywood Casino Hotel & Raceway (Bangor, ME)
Hollywood Casino at Penn National Race Course (Grantville, PA)
Hollywood Gaming at Dayton Raceway (Dayton, OH)
Hollywood Gaming at Mahoning Valley Race Course (Youngstown, OH)
Plainridge Park Casino (Plainville, MA)
Zia Park Casino, Hotel & Racetrack (Hobbs, NM)

3. THE RACINO “RACE” “Quick out of the Gate” Ohio Massachusetts
Since 2012 purses up 200%
Racing Dates up 10%
Coordinated racing schedules/circuits
Breeding, especially Standardbred, up significantly
Massachusetts
Since 2014 purses up from $2.5 to $7.5 million at Plainridge
Racing dates up 50%
Double digit live and import handle increases
Significant racing and customer side improvements

4. THE RACINO “RACE” “Even Paced” Pennsylvania New Mexico
“Model” racino jurisdiction
Contributions from all facilities, not just racinos
Peaked on handle (2013)/racing dates (2009)
New Mexico
Large increases for purses/racing dates/breeding through 2008
Decline in breeding since then – macro issue for racing in general
Finding right mix for ongoing business model for all stakeholders

5. THE RACINO “RACE” “Bracing for the Competition” West Virginia Maine
Early adaptor of racino model
Capital fund from VLTs for racing
Surrounding states (PA, OH, MD) have caught up
Impact to purses/breeders/racing dates
Maine
Approved gaming in 2005
Original casino generated 21% to racing industry
Funding for both purses and racing operations
New casino in 2012 shifted market share and generates 3% to racing industry