NYC OTB pleads its case

[freddymo]

Originally Posted by Kasept

Matt Hegarty and Steven Crist

HERE IS CRIST'S COLUMN FROM 2/22/09:

OTB makes plenty of money for the city, even beyond all its jobs, but its accountants state its complicated revenue streams in a disingenuous way that makes profits appear to be losses. It collects over $10 million a year alone in "surcharge revenue," the dimes and dollars it filches from horseplayers by paying only $3.80 on a $4 winner, and that money goes straight to the city. Yet OTB categorizes this windfall as an expense, and then the city claims OTB is not giving it any money.

Well "its accountants" are either criminals or are doing exactly what they are suppose to under GAP. Surely their is more proof then Crist suggesting this in a column..Again, I don't doubt they are playing a game