Florida Racinos Show Slight Fall in March Revenue

Florida’s racinos saw a revenue drop year-on-year in March 2025, coming up just short with $66.7 million, as opposed to last year’s $66.9 million.

Ziv Chen

Last updated: May 8, 2025 1:36 PM EDT • 2 min read

Florida Racinos Show Slight Fall in March Revenue — Pictured: Sunshine Meadows is home to about 700 horses where Trotters and thoroughbreds also train on the race course oval. Photo by GREG LOVETT / THE PALM BEACH POST via Imagn Images.

Florida’s racinos showed a year-on-year revenue drop for March 2025, recording a total of $66.7 million compared to last year’s $66.9 million.

The state has eight racino venues, which are casinos attached to racetracks, and are regulated by the Florida Gaming Control Commission. They are Florida’s only legal non-tribal casinos, as the Seminole Tribe has a monopoly on the state’s casino venues.

Magic City Shares Significant Revenue Boost

The figures, released by the Sunshine State’s gaming regulator, show that Pompano Park was once more the leading contributor among the eight racinos, recording March 2025 revenue of $13.1 million, virtually unchanged from the March 2024 figure.

The big winner in March, however, was Magic City Casino, which has received a significant revenue boost over the last year. It generated $13 million in revenue in March 2025, a 7% increase year-on-year, enabling it to close the gap with Pompano Park.

That rise from Magic City was not typical of March’s performance across the sector, however. The only other racino to show significant revenue growth was Gulfstream, which returned $6.3 million in revenue for a 12.5% year-on-year rise. The Big Easy, Calder, and Hialeah Park all saw revenue declines.

Florida Gambling Bills Meet Legislative Stalemate

Meanwhile, several legislative attempts to amend the complicated structure of Florida’s gambling sector ended last week, when the 2025 legislative session ended.

Technically, lawmakers will return on May 12 and will work until June 6, but their agenda will be mostly filled with budget negotiations, and none of the proposed gambling bills will be up for discussion, leading to another period of a legislative stalemate.

Florida’s gambling laws permit traditional casino gambling and sports betting at tribal casino venues and both casino and pari-mutuel wagering at racinos. However, online sports betting, iGaming, and Daily Fantasy Sports remain banned.

Law Codification

Most of the gambling bills focused on tightening the rules and codifying existing state law. The most prominent was Rep. John Snyder’s H1467, which proposed a range of increased punishments for illegal gambling and legalized and regulated Daily Fantasy Sports.

Rep. Snyder’s bill passed the House and got as far as the Senate Rules Committee but ran out of road. Other bills to fall short in this session included S1836, proposed by Sen. Jonathan Martin, Rep. Vicki Lopez’s H1017 and Rep. Webster Barnaby’s H953.

Another, more controversial bill was H105, which proposed removing the requirement for racetracks to hold a minimum number of races in order to provide casino gaming. That proposal was particularly controversial in the state’s horse racing industry, but it will not now proceed.

Written By:
Ziv Chen

Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We're going to pursue perfection, knowing full well we won't catch it, but we're going to relentlessly chase it," Mike Tomlin, Pittsburgh Steelers Head Coach.