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Agency Virginia Racing Commission (405)
Measure Name Cost of each horse racing permit issued or renewed
Measure Last Modified
08-19-2014 02:38 p.m.
Measure Last Published
07-28-2023 06:15 p.m.
Status
Active
Data Source and Calculation
<p>A cost analysis is performed to determine the total of all costs that are associated with the Virginia Racing Commission's (VRC) permitting department. The analysis includes costs such as labor, materials, and equipment. The total costs will then be divided by the number of permits processed for each calendar year to yield the cost of each permit issued or renewed by VRC.</p>
Enterprise Priorities and Strategies
Initiative Priority Strategy
Associated Service Areas
Service Area Code Service Area Name
55801 License and Regulate Horse Racing and Pari-mutuel Wagering
Targets and Baselines
Name Date Result Note
Baseline 06-30-2009 58.8
Short Target 2025 None
Long Target 2027 None None
Results
Year Result Note
2009 58.80 The Virginia Racing Commission actually reduced its total costs relating to licensing, however there were 449 fewer licenses issued in FY 2011 as compared to FY 2010 and as a result the cost per license increased by $4.77 per license.
2010 54.21 The Virginia Racing Commission actually reduced its total costs relating to licensing, however there were 449 fewer licenses issued in FY 2011 as compared to FY 2010 and as a result the cost per license increased by $4.77 per license.
2011 58.98 The Virginia Racing Commission actually reduced its total costs relating to licensing, however there were 449 fewer licenses issued in FY 2011 as compared to FY 2010 and as a result the cost per license increased by $4.77 per license.
2012 63.58 Although the actual costs of licensing remained constant, the number of licenses issued and renewed decreased causing the cost per license to increase for the year.
2013 57.41 Although there were fewer permits issued than in the prior year, the costs associated with the issuance of permits to participants were also reduced by the Virginia Racing Commission which resulted in a lower cost per permit issued as compared to the prior year.
2014 57.99
2015 49.72
2016 47.57
2017 57.22 The cost per permit increased due to higher computer costs and the purchase of a new badge printer. The number of permits issued also decreased which contributed to the increase in the cost per permit.
2018 58.99 The cost per license increased slightly mainly due to higher expenses directly related to the licensing process
2019 64.83 The cost per license increased slightly mainly due to higher expenses directly related to the licensing process and fewer permits issued.
2020 19.12 The cost per license decreased due to a significant increase in the number of permits issued.
2021 49.64 The cost per license increased due to a significant decrease in the number of permits issued as a result of COVID-19.
2022 27.97 The increase was due to the resumption of live horse racing in Virginia.
2023 45.12 This measure continues to increase due to the installation of more Historical Horse Racing terminals in the Commonwealth.
2024
Measure ID 40555801.001.002
Measure Class Productivity
Measure Type Outcome
Year Type State FY
Preferred Trend Stable
Frequency Annually
Statistical Unit Dollars
sp134 Performance Measure - 06-07-2025 16:57:42