This might be HUGE if it happens - because it could cause the domino's to finally start following in horse racings favor.
I think the proposed new takeout rates in Cal will hand NYRA a great case for takeout reductions that they can use on the political forces in NY.
I've heard Charles Heyword on CNBC - and based on one interview - I think he "gets it" better than any of them.
Here would be the new picture:
Takeout Rates:
WPS:
So. Cal: 15.43%
CD/KEE: 16%
NYRA: 16%
DD:
So. Cal: 15.43%
NYRA: 18.5%
CD/KEE: 19%
EX:
NYRA: 18.5%
CD/KEE: 19%
So. Cal: 21.68%
TRI:
CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%
Superfecta:
CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%
Pick 3:
CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%
Pick 4:
CD/KEE: 19%
So. Cal: 22.68%
NYRA: 26%
If NYRA presses to move to a 15% WPS and double - and a 18.5% all other exotics - they can sweep every category. At the very worst - no one sane could stop them from trying to be competitive and middle up some of the categories.
Basically, it took 65 years for the dominos to slowly keep falling against horse racing - finally we might start to see a slow bounce-back off the ceiling.
|