Cali tracks get free hand to tinker with takeout..

[docicu3]

Originally Posted by Kasept

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.

Now here's an idea.....handle is down so let's up takeout to offset the losses. The only people hurt are those damn gamblers.
The wrong measure at the wrong time with impact felt by the wrong people....their customers.