Track privitization

[randallscott35]

Originally Posted by parsixfarms

No, it's you who are missing the point. If government didn't have its hands so deep into racing's pockets, tracks probably wouldn't need VLTs to survive. The "current model" is broken because of the heavy "taxes" that government imposes on racing, unlike other gambling enterprises such as casinos. (That's why the "takeout" at those venues can be so much lower than at race tracks.) The reason NYRA has the highest handle in the country yet purses that are not commensurate with that handle is the huge "skim" going to government. Alex Waldrop spelled this out very well in testimony earlier this year to the NYS Senate Racing Committee.

That skim is specific to issues within NY state, that is not the same issue in NJ. OTB issues, that have nothing to do with NJ issues which is what this thread started out as. You are trying to paint with a broad brush. The government is part of the problem, to say it is the whole problem in racing is untrue.

[Cannon Shell]

Originally Posted by randallscott35

That skim is specific to issues within NY state, that is not the same issue in NJ. OTB issues, that have nothing to do with NJ issues which is what this thread started out as. You are trying to paint with a broad brush. The government is part of the problem, to say it is the whole problem in racing is untrue.

They arent made out to be a problem because they are quite profitable and the state doesnt want to give them up.