NYC OTB pleads its case

[pointman]

Originally Posted by Kasept

How about this gem:

"Some say we should just let OTB die, but they ignore the far-reaching consequences. If OTB operations ceased, the city and/or state government would be on the hook for $600 million in pension obligations. Tracks around the state might close. Nearly 40,000 New Yorkers who make their livelihood on the racing industry could lose their jobs. And the upstate agricultural industry, home to generations of horse breeders and farmers, would take another serious hit."

"Wha-wha-wha-what???"

That one really got a laugh out of me as well, as if the racetracks, horsemen and breeders benefit from OTB as opposed to the reality of OTB siphoning money from them!

How can racetracks possibly be profitable if OTB can't when the racetracks have the expense of maintaining the facilities, paying their own employees and paying purses with less takeout than OTB who has far less expense?

One of the main reasons I posted this B.S. is in hopes that someone who knows more than me will really call Frucher out in letter to the editor to the Post so the public that reads it is not moved by these misleading general figures.