The profits of the Racing Trust are enormous. Take the Coney Island Jockey Club, for instance. Mr. Leonard Jerome, who was a sportsman who never made money out of sport, built the Sheepshead Bay track at a cost of $125,000. The grounds of the Coney Island Jockey Club belong to the people and were filched from them by an act of the Legislature. Improvements were made since the track was built, but the actual legal belongings of the Coney Island Jockey Club are worth far less than the amount of the capital stock, which is $525,000. The gross receipts of the club for last year, as reported to the State Comptroller, were $854,421.20. Of what did these consist? It was said that the attendance on “big days” last year numbered from 40,000 to 50,000. Put it at 35,000, and the money taken in for admission, boxes and clubhouse seats and boxes and for “field” admissions would amount to about $80,000. Then there are the bookmakers. On more than one day last year there were 120 members of the Metropolitan Turf Association in the ring. They paid $57 each for the privilege of “laying the odds.” Back of them were a hundred layers who paid $37 each. There were fifty others who paid $27, and as many more who paid $17 each. Programs to the number of 40,000 at ten cents each make $400. Then there are the bar and restaurant privileges, the commissioners and many other means of income, so that the income of one such day could not be less than $100,000. There were thirty days of racing at Sheepshead Bay last year. The attendance, according to the daily press, was “enormous,” “record-breaking,” “large” or “highly satisfactory.” The “highly satisfactory” days were the smallest of the season, which shows the difference between English as it is understood by “sporting” writers in the daily press and those who are able to distinguish the difference between fact and fancy. If the average daily attendance were not more than 12,500, it and the other sources of revenue would mean about $35,000 per day. Thirty days’ racing at $35,000 per day $1,050,000 Expenses of all kinds at $10,000 per day 300,000 -------- Balance in favor of the club $750,000 The sum of $10,000 per day will cover all the expenses, including added money, at Sheepshead Bay. According to such calculation and taking the club’s figures of gross receipts as correct, the result would be like this: Receipts for thirty days’ racing $854,421.20 Expenses for thirty days’ racing at $10,000 per day 300,000.00 ----------- Balance in favor of the club $554,421.20