05-22-2008, 01:54 PM
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Detroit Race Course
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Join Date: Jun 2006
Location: Oklahoma City
Posts: 289
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NYC-OTB may force NY takeout increase
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negotiators are considering a raise in the minimum takeout on bets, which state officials say would help to make up for the loss of money from the NYCOTB to the various racing industry groups.
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Quote:
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One idea being negotiated would raise the takeouts on bets in New York handled by NYRA, Finger Lakes racetrack, and the OTBs. It would set a new takeout floor, which currently is 14% for one horse bets; that level would be raised to 16.5%. On multiple bets, the legal takeout floor would go from 17% to 19%, according to one document.
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http://news.bloodhorse.com/article/45341.htm
Outrageous, IMHO. |