Report on States Gambling Revenues including Racinos and Parimutuel Wagering

[andymays]

Excerpt:

Pari-Mutuel Wagering

As other forms of gambling have become more widespread, pari-mutuel wagering has lost popularity, and state revenues have seen a steady decline. Revenue collections from pari-mutuel wagering declined almost continuously. Overall state revenues from pari-mutuel wagering declined significantly from $554 million in 1993 to $150 million in 2010, according to data reported by U.S. Census Bureau. After adjusting for inflation, revenues from parimutuels declined by over 80 percent for the same period.

[andymays]

http://www.bloodhorse.com/horse-racing/articles/63915/ohio-racing-needs-drastic-changes#ixzz1RW42uLFT

Excerpt:

CIS said Ohio racing must lower takeout rates “enough so that it becomes the lowest in the region and lures new bettors.” The consultants used Fort Erie Racetrack & Slots in Canada as an example, noting a reduction in the pick four takeout from 26.2% to 14% generated a 59% increase in handle in the first two weeks.