Woodbine C/O Note: $150k added

[Travis Stone]

Thanks for the clairification.

If you assume a 22.5% blended takeout, they need to make ~$666,000 in additional handle to pay for this, or $111,000 per race in the sequence throughout the day pre-tax etc.

For a track like Woodbine, which handled $2.1 million last Sunday, this is a lot of money. Especially for a Sunday, which is not as big of a simulcast volume day as many might think.

Unless I'm missing something, this is a very bold marketing experiment. I hope it works for them.