Re: The future of New York racing (452 Views)
Posted by:
miff (IP Logged)
Date: July 21, 2014 10:19AM
Ollie,
They had to raise admission prices to stave off red ink, there is little chance that any scenario that reduces NYRA's hold(takeout)will be enacted.When NYRA looked at reducing takeout, the results, WITHOUT meaningful increase in overall handle,were financially ugly.Talk to a top NYRA Official about reduced takeout and they offer idiotic reasons about their rates being competitive with the industry while never acknowledging the "industry" rates are too high to begin with.
NY racing is OFF TRACK,period! and there is little if anything NYRA can do to grow meaningful on track attendance.Spa and big days the only exception.
Mike