|Arlington Park news release 05/30/03
Contact: Dan Leary, (847) 385-7754
2002 BREEDERS' CUP ECONOMIC IMPACT: $57,000,000
ARLINGTON HEIGHTS, Ill. (May 30, 2003) -- A study performed by the Roosevelt University Walter E. Heller College of Business Administration released today cites the economic impact of the 2002 Breeders' Cup World Thoroughbred Championships hosted by Arlington Park on October 26, 2002 to be approximately $57,000,000. In addition, total new tax revenues for the state and local governments slightly exceeded $4,000,000 and 580 new jobs resulted.
"Hosting this Super Bowl of horseracing was a win-win for all," said Arlington Chairman Richard L. Duchossois. "In addition to the incredible economic impact in this uncertain economy, the beautiful Chicago Metropolitan Area and the State of Illinois received incredible world-wide exposure; something money just can't buy."
For the first time ever, the 2002 Breeders' Cup World Thoroughbred Championships raced to a sold-out crowd of 46,113. A new record was set with the total wagering for the day of $115,523,156 with $13,568,233 on-track and over $100 million off track wagering across the US, Canada, United Kingdom, Germany, Ireland, Hong Kong, Singapore, and many other locations. The total handle of over $115 million surpassed the previous high of $101.3 million wagered on the 2000 Breeders' Cup World Thoroughbred Championships races at Churchill Downs.
Arlington Park opened its 104-day 2003 meet on Friday, May 9 and will race through Saturday, Sept. 27. Arlington Park, whose parent company is Churchill Downs Incorporated (Nasdaq: CHDN), also operates six off-track, simulcast-wagering facilities: Trackside Arlington Park (Arlington Heights), Trackside Quad City Downs (East Moline), Trackside Chicago, Trackside Rockford, Trackside Waukegan and Longshots Bar & Grill featuring Trackside OTB in South Elgin. For further information on Arlington Park, visit www.arlingtonpark.com.
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