Quote:
Originally Posted by Cannon Shell
I thought we were discussing the NY market. Teams here seem to raise prices every year regardless and there havent been many parades.
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New York City has a population 28 times larger than Pittsburgh.
Even though Pittsburgh has better sports teams in every major sport that doesn't involve large black men running over hardwood, it would stand to reason that ticket prices should be much higher in NYC than Pittsburgh.
There's only so much good seating at a major sporting event. I've been to Belmont Park on a major racing day before, it was the opposite of crowded. It was extremely comfortable.
How many racino's charge admission?
The people who are saying "the admission prices were the same over 100 years ago at NY tracks" are technically correct ... but that was an entirely different game. You had a bunch of on-site bookmakers working on razor thin margins, and you could pick and choose the best deals. Adjusted for inflation, "Plungers" bet today's equivalent of hundreds of thousands of dollars on a single race, sometimes.
You can gauge on admission when the takeout is about 1% and sometimes flirting with positive expectation, instead of 16%