Track privitization

[parsixfarms]

Originally Posted by randallscott35

You are missing the point. Horse racing survives on gambling, not concessions or attendance...If every track needs VLTs than something is wrong with the business model. Of course it can be fixed. But don't expect government to be the one to fix it.

No, it's you who are missing the point. If government didn't have its hands so deep into racing's pockets, tracks probably wouldn't need VLTs to survive. The "current model" is broken because of the heavy "taxes" that government imposes on racing, unlike other gambling enterprises such as casinos. (That's why the "takeout" at those venues can be so much lower than at race tracks.) The reason NYRA has the highest handle in the country yet purses that are not commensurate with that handle is the huge "skim" going to government. Alex Waldrop spelled this out very well in testimony earlier this year to the NYS Senate Racing Committee.