Re: Why is NYRA doing so poorly? (491 Views)
Posted by:
Upper Nile (IP Logged)
Date: May 20, 2004 08:30AM
With increased simulcasting, more otb's and an expanded exotics wagering menu I can't believe NYRA's handle can possibly be 1/3 of what it once was, even adjusting for inflation. Maybe on-track handle is 1/3 of what it was 30 years ago, that I'd believe. There was no on-line wagering that's for sure. Don't remember if NYRA or the regional OTB's offered phone account wagering 30 years ago-my guess is that if it existed it was in it's infancy back then. Also, regional OTB locations were still not to be found in as many neighborhoods as today. So if you wanted to legally wager on horses you'd have to go to the track, but overall handle from all sources being just 1/3 of what it was 30 years ago?
I'm only hoping the bill introduced into the NY state legislature to increase takeout will not get far.
Anyone know what the status of the bill is right now?