Is it any kind of revelation to say racing takeout is too high? The real issue is that with so much money coming in through ADWs, any takeout cuts only hurt racetracks (since the ADW fees don't change) unless handle skyrockets. Canterbury cut takeout, handle barely budged. Laurel tried lower takeout a few years ago, nothing changed. Of course I'm not arguing for higher takeout, but tracks that are barely getting by are not going to slash their revenue by 20% or 40% in the hopes that someone takes notice. Plus usually you have to convince state regulators to cut the takeout, and they sure aren't going to give up a chunk of revenue. So as long as you have horses to feed and humans involved, the situation looks stuck.