NYRA increases purses

Originally Posted by parsixfarms

Because more and more wagers, largely because of NYRA's inability to compete with rebate shops, are being placed off-track rather than on-track from which NYRA gets a much larger percentage. But, of course, you know that as well.

You don't get it so I will explain it to you. The entire business depends on handle which equal purses. NYRA loses money because they are incompetent. As long as purses increase they are always going to have horseman running their horses there. As long as horses are running there NYRA should be making money, but instead they do things like give away $300,000 if free stall space and other contracts because they are idiots. They give away things like contracts and pay workers ridiculously high wages because they take care of friends. That is why they lose money.

As long as the purses are good the horses will come. The purses will always be good because of the handle. NYRA just doesn't want to run things like a business, they want to run it like the government and give things away to friends and let taxpayers pay for it.