Re: Taxes and Reflection on a lost bet (508 Views)
Posted by:
Dr. Fager (IP Logged)
Date: March 23, 2004 06:22PM
If you have influence, maybe you could help us get the good Senator, William Larkin, to raise the takeout for everything to 25%. That way we could get a 15-20% rebate, and let the suckers who don't get rebates, pay the freight. With Thorograph, the lower the number, the better the race. Similarly, the higher the takeout, the higher the rebate. The intelligent way to raise revenue is to increase the track's charge for the signal to the non-racetrack venues such as Nevada and Indian casinos, Connecticut OTB's, offshore sites, etc., which don't have to pay or contribute approximately 50% of wagering revenue to fund purses. The whole issue will lose some significance once slots, excuse me, VGM's, appear.
Post Edited (03-24-04 03:27)