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IMPACT ON AREA <br />............. <br />FROM '50 ADDITIONALDATES <br />UNEMPLOYMENT <br />- Creation'of 135 jobs -representing 1.5% (approximately) <br />of area's unemployed.* <br />ECONOMIC IMPACT <br />- Weekly Payroll a .lg; 000' x 12'h weeks $ 237 , 500 <br />- Additional'Player Compensation 500,000 <br />- Estimated Additional Purchases*of <br />Goods'and Services 280,000 <br />TOTAL $1,017,500 <br />Multiplier* 3 <br />TOTAL IMPACT ON AREA :,$:3,,:G52:,:500 <br />a <br />• <br />* Information provided by Chamber of Commerce <br />STATE REVENUES <br />FROM ADDITIONAL DATES' <br />Revenue to'State* <br />Pari-Mutuel Taxes $536,000 <br />Admission Tax 13,000 <br />Sales Tax -Admission & Concessions -22,275 <br />Total Due State $571,275. <br />Unemployment Benefits Saved** "81,250 <br />TOTAL BENEFIT'TO STATE $652,525 <br />* Assuming pari-mutuel handle of $8,000,000 and <br />attendance of 100,000. <br />** Assume $50 per week.per person (130) for twelve <br />and a half weeks. <br />75 <br />F, 1985 BOOK 62 fA6E 701 <br />