Author Topic: How Much Money Does Your Local Race Track Make  (Read 4648 times)

Walt

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How Much Money Does Your Local Race Track Make
« on: January 11, 2013, 07:19:15 PM »
I've seen hundreds of threads on how much racing cost and how much everyone spends on racing, But I have never seen a thread on how much everyone thinks the track owners make a week / season. So whats everyone think ? Also if ya want you can tell us what track you think makes the most ? No bashing please, Lets just have some fun and see if we can't make a track owner laugh. lol
TSBLOF.......


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crankyhick

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Re: How Much Money Does Your Local Race Track Make
« Reply #1 on: January 11, 2013, 08:14:44 PM »
Walt, great question!..I must say in my 50+ years around racing, I have never heard a promoter/ owner admit to making a profit. I guess some of those briefcasses/ overnight bags/ suitcasses I saw going into the trunks of their cars, as they feft, were filled with leftover hot dogs & rolls..But on the other hand, I think it was much easier to turn a profit years ago, compared to now..My question has always been, "If they are losing money, why & how do they continue to opperate"?..Must be that they save money on their food budget at home, with those hot dogs & rolls..lol.
« Last Edit: January 11, 2013, 08:51:36 PM by crankyhick »
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racer76j

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Re: How Much Money Does Your Local Race Track Make
« Reply #2 on: January 11, 2013, 08:29:42 PM »
ill take a stab.at 40k a yr profit.I have no idea but just guessing.Which isn't much considering all the paper work and taxes and insurance and pay roll with paper work for that.I am guessing this number cause it is a number that could easily cause the demise of a track but if ran right could keep alive but not so much that it is making owners rich.
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BClapp

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Re: How Much Money Does Your Local Race Track Make
« Reply #3 on: January 11, 2013, 09:02:49 PM »
You can tell how much money a track is making by how quick they are to pull the plug for bad weather. If they pull the plug way early with a slight possibility ofbad weather they are losing their @$$ weekly.  If they wait until everyone is there, then cancel and its been raining and likely will rain all night, then they are probably losing money consistantly, but are hoping they can pull in a few bucks to make the mortgage or rent payment that week. If there is a chance but they cancel as soon as it sprinkles, they are probably breaking even on a good night, but losing on an off-night.  If they bust ***** to get the show in no matter what, they can afford to take a hit, and are probably decent money ahead.
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agitator57

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Re: How Much Money Does Your Local Race Track Make
« Reply #4 on: January 11, 2013, 09:03:37 PM »
OOOOOOOOOOOOO probably somewhares in tha 7 figuare dipartment for evary trak Mr. Walt is premotin!!!!!!!!!!!!!

Walt

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Re: How Much Money Does Your Local Race Track Make
« Reply #5 on: January 11, 2013, 09:57:05 PM »
Hey Dave, hows my good Ole buddy Mr. Maytag doing these days ? Oh and BTW that was a good one. Frank & Audrey and Dean will enjoy it for sure....... Hope to see ya somewhere this summer

TSBLOF.......


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BClapp

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Re: How Much Money Does Your Local Race Track Make
« Reply #6 on: January 11, 2013, 11:19:10 PM »
I forgot to add a " ::)" to the end of my post.
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raceannouncer

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Re: How Much Money Does Your Local Race Track Make
« Reply #7 on: January 12, 2013, 12:07:33 AM »
I will repeat what I've posted so many times here: Neither I (nor anyone else) have any idea of an exact dollar amount of any track's profit;  I've worked at several different local tracks offering different types of racing.  I have yet to see or know any LOCAL promoter/owners live a luxurious lifestyle solely off of whatever money they "make" by promoting/owning a racing facility! Most or nearly all of them have either owned a successful small business before sinking their hard-earned money into a racetrack or were members of families already with a vested interest in the sport.  This much I know for certain: ALL of them have a burning passion for the sport--they must have a great deal of it and must possess extreme patience since they own/run a seasonal business; they must also endure the scrutiny, criticism and "second-guessing" of nearly all who want to find fault with every decision made.  Local tracks all around the country are slowly, one by one, closing for whatever reason(s) and are not being replaced quickly since we all know it takes MOUNTAINS of money to build new ones.   Many people take for granted the existence of racetracks and yes, that goes both ways!!!I've often heard that racers ARE the show, which is certainly true but how can you be the show if there's NO place to have one?

Oh, YEAH and "to make an owner laugh!" IT MUST BE A MILLION DOLLARS, AT LEAST...)  ;D
« Last Edit: January 12, 2013, 12:19:16 AM by raceannouncer »
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Chargincharlie

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Re: How Much Money Does Your Local Race Track Make
« Reply #8 on: January 12, 2013, 05:57:43 AM »
I hope there all making lots of money..

itchypav

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Re: How Much Money Does Your Local Race Track Make
« Reply #9 on: January 12, 2013, 06:48:25 AM »
.
« Last Edit: January 12, 2013, 06:54:25 AM by itchypav »
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maweenie

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Re: How Much Money Does Your Local Race Track Make
« Reply #10 on: January 12, 2013, 07:22:16 AM »
since you can find anything on the internet im sure with the right keywords for a search ANYONE could get that information for any track. Either that or public records, but who really cares how much a track makes as long as its open. THAT WASNT MEANT TO BE SARCASTIC

RPark

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Re: How Much Money Does Your Local Race Track Make
« Reply #11 on: January 12, 2013, 08:14:22 AM »
any one tell me how wyoming speedway keeps its doors open . they get about 30 cars total to come put on a show. if they are making money then the other traks that are getting 100 cars should be doing alright for them selves.

ask0329

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Re: How Much Money Does Your Local Race Track Make
« Reply #12 on: January 12, 2013, 08:38:33 AM »
ill take a stab.at 40k a yr profit.I have no idea but just guessing.Which isn't much considering all the paper work and taxes and insurance and pay roll with paper work for that.I am guessing this number cause it is a number that could easily cause the demise of a track but if ran right could keep alive but not so much that it is making owners rich.

I'm not saying that the amount quoted in this post is correct (or incorrect) but if I owned a track that was successful, and I cleared 40K profit for my salary alone (as an owner) I would be one happy fella. Thats enough money to live off of for a good lifestyle to do something you really love to do and be a part of.

raceannouncer

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Re: How Much Money Does Your Local Race Track Make
« Reply #13 on: January 12, 2013, 08:45:36 AM »
any one tell me how wyoming speedway keeps its doors open . they get about 30 cars total to come put on a show. if they are making money then the other traks that are getting 100 cars should be doing alright for them selves.

I would suggest the money to keep operating ANY facility to keep it open during tough times might come from a secondary source of income(another business, property remortgage, massive amounts of borrowing, etc.)
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racin28

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Re: How Much Money Does Your Local Race Track Make
« Reply #14 on: January 12, 2013, 10:19:19 AM »
more then the car owners are  ;D

itchypav

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Re: How Much Money Does Your Local Race Track Make
« Reply #15 on: January 12, 2013, 10:55:29 AM »
Whatever they make or lose - good for them. It's none of my business.
If I wanted to make or lose what they do then it's my right to give it a try.
This is just my opinion.
You see today I have a different perspective on things. This week after having a cardiac catherization and stenosis to clear a 100% blocked coronary artery I see things differently.
For me, maybe carrying that stress of running a side business as well as a day time job isnít all itís cracked up to be. Whether I made money or not is unimportant. I canít take it with me. If you have not or do not have a business to the extent one of these track owners do then how can you begin to understand what they have or deal with?? I do not envy or am not jealous of anything they earn.
I choose to race because it is fun Ö period. I work because I like to and because I choose not to be jealous of those who have more. I have tried to earn it myself and that means making money from someone else. Thatís about the only way to do it.
Put yourself in there shoes for a minute ( I mean really put your self in there shoes)

« Last Edit: January 12, 2013, 11:19:12 AM by itchypav »
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Bigdog13

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Re: How Much Money Does Your Local Race Track Make
« Reply #16 on: January 12, 2013, 01:23:03 PM »
I've said it once before and I'll say it again for those of you not paying attention, How does a promoter, car owner, driver, etc... make a small fortune in local auto racing ?  Start off with a large fortune !!!  Very few folks are making big money at the local tracks !!!
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ron.m

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Re: How Much Money Does Your Local Race Track Make
« Reply #17 on: January 12, 2013, 04:37:23 PM »
when they have to reach into their personal bank account to make the nights payment they are not makeing near enough for what they have to do for it
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Gomerpyle

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Re: How Much Money Does Your Local Race Track Make
« Reply #18 on: January 12, 2013, 06:12:10 PM »
Between 2000-2005, Karl at Thunder Mountain cleared about $85,000 after taxes.
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Re: How Much Money Does Your Local Race Track Make
« Reply #19 on: January 12, 2013, 08:25:15 PM »
My gues would be 70,000 - 80,000 a year at a succesful track that is getting good numbers in most of there classes and has some extra shows , remember no track in particular. Im just happy the tracks in this area are still open and allowing us to have a place to race . Now lets talk about hot dogs im needing a race track meaner weaner soon , damn.
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Re: How Much Money Does Your Local Race Track Make
« Reply #20 on: January 12, 2013, 09:37:45 PM »
That's per year folks. We were averaging 120 to 140 racecars every Saturday night with a high one night of 162. And the crowds were mammoth.
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shawnie2469

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Re: How Much Money Does Your Local Race Track Make
« Reply #21 on: January 13, 2013, 03:47:13 AM »
Between 2000-2005, Karl at Thunder Mountain cleared about $85,000 after taxes.
Now that made me laugh and soda shot out my nose lmao

BClapp

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Re: How Much Money Does Your Local Race Track Make
« Reply #22 on: January 13, 2013, 06:46:56 AM »
I would say that's probably accurate.  The place was packed in the pits and stands.  I remember showing up during hotlaps one night and having to pit outside the gate by the campers.
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dirttrackrocker

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Re: How Much Money Does Your Local Race Track Make
« Reply #23 on: January 13, 2013, 08:59:33 AM »
You see today I have a different perspective on things. This week after having a cardiac catherization and stenosis to clear a 100% blocked coronary artery I see things differently.


Hope they fixed ya up good, stay well and healthy in the future.
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Re: How Much Money Does Your Local Race Track Make
« Reply #24 on: January 13, 2013, 09:55:55 AM »
Mr. Pavlick - I second what the Rocker said.... Get well soon, sir!

Walt, there is an old adage, and it holds true in anything you do in life. Unless you are quite comfortable milking the system, you work HARD (for myself, from the age of 14 to current - which is only, like, 5 years or so ;) ) for what you have. You or your family goes without on some instances. It is the same in motorsports.

"You have to spend somemoney, to make some money."


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