morons at the helm yet again

[46zilzal]

http://www.pittsburghlive.com/x/pittsburghtrib/news/s_687092.html

[Brogan]

This is the inherent problem using non racing revenue to support horse racing. Eventually somebody wakes up and realizes that there's real money being generated by the slots/casino/whatever that can be used elsewhere.

[kenwoodall2]

In Pa, slots takeout is 55%. 17% of 12% is 2%= 50 X $41 million means that total slots takeout was $2 billion, 50 million if my math is correct. Pa slots players put $4 billion into the machines at a takeout rate of 55%! SOmeone ought to tell slots players the takeout in race betting is less than 1/2 of that!

[thaskalos]

In Pa, slots takeout is 55%. 17% of 12% is 2%= 50 X $41 million means that total slots takeout was $2 billion, 50 million if my math is correct. Pa slots players put $4 billion into the machines at a takeout rate of 55%! SOmeone ought to tell slots players the takeout in race betting is less than 1/2 of that! It's the state tax on slots revenue that's 55%...not the takeout.

[Rico8812]

wow, you should probably stop gambling if you're that dim kenwood.

[shouldacoulda]

When have there not been morons at the helm?