In this demonstration, we first demonstrate a real-time phosphor-LED visible light communication (VLC) system with 37 Mbit/s total throughput under a 1.5 m free space transmission length. The transmitter and receiver modules are compact size. Utilizing our proposed preequalization technology, the ~1 MHz bandwidth of phosphor LED could be extended to ~12 MHz without using blue filter. Thus, the increase in bandwidth would enhance the traffic data rate for VLC transmission. The maximum bit-rate achieved by the VLC system is 37 Mbit/s, and a video transmission at 28.419 Mbit/s is demonstrated using the proposed VLC system. In addition, the relationships of received power and signal performance are discussed and analyzed.