Topic:
MOTOR VEHICLES; RECREATION (GENERAL); SPORTS; TAX EXEMPTIONS;
Location:
SPORTS; TAX EXEMPTIONS;

OLR Research Report


October 20, 2008

 

2008-R-0569

ADMISSION TAX AT MOTOR RACE TRACKS

By: Judith Lohman, Chief Analyst

You asked for the following information regarding the four motor racetracks in Connecticut: (1) annual revenue, (2) admission price, and (3) whether they are exempt from the state admission tax.

ANNUAL REVENUE AND ADMISSION TAX EXEMPTIONS

The four Connecticut motor racetracks are Lime Rock Park, Stafford Motor Speedway, Thompson International Speedway, and Waterford Speedbowl. All four are exempt from the state's 10% admission tax (CGS 12-541 (5) (A)).

All four tracks are privately held. Thus, specific annual revenues or other financial information about them is not publicly available. However, ReferenceUSA, a business information database, estimates each track's “annual sales” within the ranges shown below.

Table 1: Connecticut Motor Racetracks - Estimated Annual Sales

Track

Estimated Annual Sales

Lime Rock Park Race Track

$10-$20 million

Stafford Springs Motor Speedway

$10-$20 million

Thompson International

$2.5-$5 million

Waterford Speedbowl

$5 - $10 million

ADMISSION CHARGES

The tracks charge different admissions for different events. Table 2 below shows the range of admission prices for each track for 2008 events currently listed on their websites.

TABLE 2: CONNECTICUT MOTOR RACETRACK ADMISSION CHARGES

2008 EVENTS

EVENT/DAY

ADMISSION

Lime Rock Park

Friday & Sunday

$25

Saturday & Monday

45

Weekend (2 days)

80

Insiders' Club (new member) – all events/annual

750

Stafford Motor Speedway

 

Reserved

General

Child

6-14

CARQUEST Tech-Net Spring Sizzler

$38

$35

$5

TSI Harley-Davidson

32

30

5

Coors Light SK Modified 100

20

18

5

Late Model 100

20

18

5

CARQUEST Extreme Tuesday

32

30

5

CARQUEST SK Modified 150

23

20

5

N.E. Dodge Dealers 150

32

30

5

N.E. Dodge Dealers Late Model 100

20

18

5

CARQUEST Fall Final Weekend

38

35

5

Thompson International Motor Speedway

 

Adult

Junior

Pit

Practice/Test/Tune

   

$25

Per-event admission for 4 events

$40

$10

50

Per-event admission for 8 events

15

5

25

Eve of Destruction

18

10

25

Per-event admission for 7 events

18

5

30

Sunoco Modified Mania 400

45

10

60

World Series of Speedway Racing

50

10

75

Flea Market & Swap Meet

10

 

75

Waterford Speedbowl

 

Adult (stands)

Child

(stands)

Pit

(with license)

Pit

(w/o license)

NASCAR Whelen All-American Series (3 events)

$14

$5

$23

$31

Open Practice

   

15

15

Town Fair Tire Finale Weekend (2-day pass)

35

5

40

48

Big Y Smacktoberfest ($20 entry fee per car)

14

5

15

15

Source: Track websites.

JL:dw