NY Times opinion

[GenuineRisk]

Originally Posted by blackthroatedwind

Compared to the Times piece those responses are pure genius. At least they understand the situation a bit better.

And pointed the finger a bit more at Albany- again, because I don't fully understand the situation- that is where the majority of the money goes, correct?

(And Arljim, I too find it pretty hypocritical that states that run lotteries wring their hands about gambling. Or churches that run bingo nights. For that matter, what else is the stock market, really?)

[pick4]

If one good thing could come out of these editorials it would be that OTB situation is addressed once and for all. The Spitzer/NYRA agreement left the status quo in place and it's clearly obvious that is a failed business model.


GenuineRisk: As far as the finger pointing towards Albany, Steve Crist of the DRF explains how NYCOTB lead by political hack Ray (Rudy Giuliani's cousin) Casey made the mistake of agreeing to make extra payments to NYS in exchange for the right to take bets for throughbred races at night.
http://cristblog.drf.com/crist/2007/...ering-our.html

The NYCOTB and the five other statewide OTB's have a 6% surcharge on winning wagers. Yet NYCOTB considers this a surcharge an expense as stated in Matt Hegarty's article two weeks ago: http://www.drf.com/drfNewsArticle.do...5&subs=0&arc=1.