Pegasus up to $16 Million

[blackthroatedwind]

Originally Posted by pweizer

I am not sure I understand how this works. So you buy a slot for $1,000,000 but you get back $650,000 in "purse" money regardless of where you finish. Doesn't that, in reality, lower the purse and make the buy in $350,000?

Paul

That's actually a great point, Paul. I hadn't even thought of that. It's not a $16 million race, it's actually more like roughly $8 million. Not that it's chump change, but it's essentially "phonied" up by nomination money that isn't really coming into play.

Interesting. Thanks.