NYCOTB Deal agreed on tonight!

[Storm Cadet]

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

[The Hawk]

That's great news! I love those surcharges...and oh, those beautifully decorated betting parlors!

[badcompany]

NYS Takes Over City's Off-Track Betting Operations

NEW YORK (AP) ― The city's financially troubled Off-Track Betting horse racing operations are being taken over by the state, the mayor and governor said Sunday.

Under an agreement between the city and the state, a newly formed state corporation takes over OTB while the city continues to receive part of a surcharge related to wagers placed on races at tracks within city limits, which last year amounted to $4.25 million.


The city also will continue to broadcast horse races on behalf of OTB for three years on two television channels, and OTB will pay the city $3.25 million per year, he said. After the three years, the city and state will negotiate the possible continuation of the broadcast agreement.

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So, the state takes over but the city will continue to do the things that drive serious players away.

Sounds like a plan:bang:

[samyn on the green]

That's great news! I love those surcharges...and oh, those beautifully decorated betting parlors!Now the state is working to raise the takeout to help pay for the OTB takeover. I hope my teats can withstand the additional milking the state is planning for us horseplayers.

[The Hawk]

Now the state is working to raise the takeout to help pay for the OTB takeover. I hope my teats can withstand the additional milking the state is planning for us horseplayers.

No problem. Stop playing the NY races.