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#1
06-05-2007, 08:48 AM
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I'm not sure this is relevant, but I was a mutuel clerk in college, and we were SUPPOSED to ask everyone who ever cashed a ticket "Do you have any identical tickets to cash?" But we never did, and the track knew we never did, and they didn't really care.
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#2
06-05-2007, 09:36 AM
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It's exactly relevant. The letter of the law says that it is, in fact, the aggregate that matters, and technically if one has multiple tickets they need to be cashed and bunched together. However, tracks have looked the other way. For some reason, that hasn't been explained yet, NYRA is now batching these bets. I don't care about the new signers it will generate, but when I end up with withholding because of the batching, which will certainly happen, I am going to be pissed. However, it's only an immediate inconvenience. The reality is that this further underscores the necessity to raise the withholding threshhold......something the NTRA should have made a priority, and achieved, years ago.
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#3
06-05-2007, 09:45 AM
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#4
06-05-2007, 09:49 AM
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This is exactly the kind of thing they should have handled. When it became essential to change tax laws in order for Canadian tracks to co-mingle they managed to get that done quickly. But, of course, that had a great benefit to racetracks and the withholding has a more obvious effect on horseplayers only so they dropped the ball. They are too busy ( or were ) pretending to attract new fans, so those people could possibly get screwed down the road, to care about the true existing fans. Of course, as withholding takes money out of circulation, in essense racetracks get screwed as well. Just not as severly as horseplayers.
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