Cali tracks get free hand to tinker with takeout..

[Kasept]

Originally Posted by 10 pnt move up

Steve,

I am sure you were re-assured just as I was when the track official said they were not looking to raise takeout, track officials care about the very people who provide the money that makes the industry survive and would be completely honest with us!

Ostensibly, it appears that the bill is more for allowing re-distribution of existing takeout generated money as much as anything... California has low takeout rates as Hegarty points out (@15.5% on straight and @20.75% on exotics).

The CHRB would have to approve any actual increases that a track/fair/association may want... And while their track record is awful, you would sure hope that they would be made to understand the lunacy of wholesale takeout increases right now on their already beleaguered business.