TVG Position of NYRA Overcharge of Takeout

[travelling_vic]

Having watching the talking head there, I am very glad they are NOT my prime race provider...

Yes, I'm laying off TVG now.

Right, not their fault but I'm somewhat familiar with settlement procedures between ADW's and racetracks. TVG and other ADW's were the recipients of the "windfall" profits due to the universal underpayments to customers. In round numbers, the underpayment was around $8 million; about 3/4 of that or more didn't remain in NYRA's coffers.


Ocala Mike