NYC OTB pleads its case

[philcski]

I had no idea it cost $134 million to run 55 insane asylums, err, empty boxes that offer no other services beyond processing wagers. (The remaining eleven locations have virtually no overhead as they are covered by the restaurant/bar.)

With an average of 5 employees on staff at any given time at each location, let's say for argument's sake there's 10 per location. At an average pay level of $50k per employee times 55 locations, that's $27,500,000 in payroll.

Let's say for argument's sake the average rent per month is $5,000 per location (it's significantly lower than that in the outer boroughs.) That's $3,300,000 in rent.

Let's say for argument's sake there are 50 additional employees at headquarters, for human resources, management, etc. at an average wage of $100k per year. That's $5,000,000.

Let's say for argument's sake the cost of business supplies (terminals, website, paper, etc.) is $20,000,000.

WHERE'S THE REMAINING $60 MILLION, GUY???