NYRA - The Bailout Check is in the mail

Yes, they are a not-for-profit and I agree with what you are saying. I do not mind at all if a Govt earmarks money to be sent to the NYRA. However, you really can't compare a zoo, museum etc etc to the NYRA. Admissions and costs are kept low for a zoo so everyone can enjoy them. They are essential to education. However, the NYRA has a steady income because of pari-mutual wagering. They take a % out for operating expenses. Now, you would never hear me say a word if they didnt have a take-out or if they takeout was like 5%. The NYRA does a great job at racing, a horrible job a business. And a not-for-proft needs to be run like a for profit business. If they make money then spend it at the end of the year or give it back to the state. The NYRA is vastly different from other non-profits.