Quote:
Originally Posted by pba1817
They would end up losing money if a few of my friends showed up for this...
|
Haha, very true for many folks.
Is Arlington's takeout 17% for WPS? That's what I found on a quick search...
Beer is really cheap when you start dishing it out in small draft cups.
If $12 is wagered, that means Arlington's take is ~$2.04 pre-taxes, purses etc. Without knowing their purse situation and how their horsemen contracts work, even if it was a 50/50 split, they still gross $1.02.
There are labor considerations, taxes, supplies, COGS... but I'll bet it's either break-even or close to it by itself, then when you factor the additional revenue of people in the building, more beer sales, more wagers etc., it makes a lot of sense.
The hard part, I think, is relaying the message in the marketing. I think it's a good idea.