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Originally Posted by Cannon Shell
Takeout from handle, genius.
Property tax, Einstein.
There are plenty of online GED programs available, maybe NYRA will give you some scholarship money and then get you to run the show after you get your certificate.
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No genius, property tax=10 million, which they don't even have and need to borrow. READ THE ARTICLE. Takeout from handle is the pari-mutuel tax which brings in half of what it once did and that is also around $10 million. THAT IS IT. So you have $20 million, where are the billions? LOL.
And I guess if NYRA wasn't running this, there would be no property tax and no pari-mutuel tax? LOL.
Do you really just make up things and have absolutely no clue. My FACTS, come from the government report on NYRA, where do yours come from?
I am a senior in college and I think you are the one who might need to take the GED.
FACTS. STICK TO THEM.
The State cut taxes to help the racing industry. As a result of those changes and increased out-of-state betting on NYRA races via simulcast, NYRA’s gross handle increased from $2.8 billion in 1997 to $3.5 billion in 2001, an increase of almost 25 percent. Meanwhile, State pari-mutuel tax revenues fell almost in half,
from $18.6 million in 1997 to $9.9 million in 2001.
$3.5 billion in handle and a whopping 9.9 million went to the state.