NYCOTB Deal agreed on tonight!

[Storm Cadet]

http://wcbstv.com/local/OTB.Deal.Reached.2.748816.html

[blackthroatedwind]

It would be nice if one person besides Matt Hegarty got the amount of revenue from the surcharge correct.

[ateamstupid]

"Although the negotiations went down to the wire, they produced an agreement that truly belongs in the winner's circle," Bloomberg said. "Working with state leaders, we have put out to pasture a fiscally flawed arrangement with OTB—one that threatened to divert city funds from police and fire protection, public schools and other essential services."

Clap.. Clap. One horrific pun would've sufficed Mikey.

[saratogabrit]

In that article in mentions that it was created to thwart "private bookies" in 1970. How much of a problem was that before 1970?-and compared to now?

Personally I think y'all need an off-course tote monopoly and on-course bookmakers.

Down the Australian route rather than the British or Irish-but tracks could take a leaf out of the British book and have a pitch auction. Everyone wins. Entry fees to tracks stay low. Thousands of bettors will return to the tracks....

[Cannon Shell]

Originally Posted by saratogabrit

In that article in mentions that it was created to thwart "private bookies" in 1970. How much of a problem was that before 1970?-and compared to now?

Personally I think y'all need an off-course tote monopoly and on-course bookmakers.

Down the Australian route rather than the British or Irish-but tracks could take a leaf out of the British book and have a pitch auction. Everyone wins. Entry fees to tracks stay low. Thousands of bettors will return to the tracks....

I like it

[blackthroatedwind]

NYRA plans to offer at least the added takeout back in a rebate to NYRA One account holders.


http://drf.com/news/article/95587.html

[SentToStud]

I assume only NY residents can get a NYRA Rewards account.

So, net of rebates:

1. non-NY bettors will see higher takeout on NYRA races.
2. NY bettors will see higher takeout on wagers on out of state races.

Right? Something for everyone it seems.