Report: Arcadia Receives Over $1.5M from Santa Anita

[Wandering Eyes]

The city of Arcadia receives over $1.5-million in annual revenue from Santa Anita Park, according to a report from Keyser Marston Associates, which was commissioned for the city’s Economic Development Division.

Over the next five years, the racetrack is estimated to generate $7.5-million in sales tax, pari-mutuel revenue and property tax. According to the report, which was submitted in the fourth quarter of 2019, Santa Anita Park is responsible for 1,160 jobs annually. It is also estimated that employees of the track spend an average of nearly $5-million in off-site expenditures on dining, goods and services in Arcadia. These numbers do not include trainers, jockeys, exercise riders, grooms and other backstretch workers.

The report concluded that Santa Anita draws between 1.3 and 1.5-million visitors annually to the racetrack for both racing and non-racing events, with an annual consumer spending of $31.9-million in consumer spending separate from pari-mutuel wagering. The numbers cited in the Keyser Marston Associates report are exclusive of the increased economic impact seen during years that Santa Anita hosts the Breeders’ Cup.

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