1	Will Racinos Work There?
2	Category I License Eligibility Tracks existing prior to enactment of Act 71 One harness racing facility Can not be within 20 miles of another Category I facility, except for pre-existing tracks
3	Category II License Eligibility Two in Philadelphia Can not be within 10 miles of a Category I facility Defines a narrow corridor either side of Broad St.
4	Category II License Eligibility One in Pittsburgh Two in “revenue/tourism enhanced” locations Can not be within 20 miles of another Category II facility
5	Category II License Eligibility Can not be with in 20 miles of a Category I that held less than 200 racing days prior to enactment. Can not be with in 30 miles of a Category I that held greater than 200 racing days prior to enactment . Except Pittsburgh and Philadelphia
6	All Categories Red = Category I-7 licenses; Blue = Category II-5 licenses; Green = Category III – 2 licenses
7	PA Timing Evolution Category I licenses 2 years Category II Licenses 3-4 Years Within 1 Year at least 1,500 but not more than 3,000 slots Within six months of opening may apply for 2,000 more Amenity development slowed due to $50M license fee
8	Initial Expansion Criteria Facility, public convenience, employment, tourism, economic development and revenues Offers choices and opportunities for those who can develop rapidly, Favors existing tracks
9	PA Revenues & Positions Estimated revenues on full implementation $ 2.7 - 2.9 Billion $1.3-$1.4 Billion at Existing Tracks West $700-$800 Million East $1.9-$2.1 Billion 33,000 machines Win Per Position $185 to $300+
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11	Latest New York Numbers
12	Operators Share of Revenues
13	Revenue Generation Per Adult in New York
14	Conclusion In PA $50 million license fee will slow evolution but highly competitive facilities should ultimately develop. Incentive for rapid development-ability to expand-should favor tracks In NY, Aqueduct and Yonkers (high volumes) should eventually open. But continuing problems unless some relief is granted especially for upstate properties. Question as to whether Vernon Downs and Tioga Downs will ever open without relief.
15	Pennsylvania:" The Keystone State”
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17	Will Racinos Work There?