NYRA to Vegas: Pay us double
 

Looking like the NYRA signal in Vegas (starting on Jan 1) is a longshot at this point. NYRA wants to double the fee from approx 5-6 percent to 10-12 percent.

I would hazard a guess that Vegas is not the only ones.

It's never ending nonsense for the player. Do they realize they are ruining the game with greed?

Just curious if anyone can provide recent handle numbers, has the drop off continued?

I was told a long time ago that vegas charges much more to take the signal than most everyone else. was told by former GM but this was in 2006

Do you have a link for these stats? Thx

Just happened to have that info, Mike....


http://www.reviewjournal.com/sports/...-horse-players

Thank you - NYRA (and other tracks) never should have sold their signal at such bargain-basement prices to begin with, to state the obvious

New "Futures" wager in Vegas:

Which track entity and region receiving the signal will have the next shut down?

Vegas, NYRA even money favorite

Field, 8-5 second choice

Are you talking about LV's greed wanting NYRA's signal for only 5-6%, or NYRA's greed wanting 10-12%

Personally, I think 10-12% is about right for a bet taker that is not using simulcast revenue to subsidize live racing purses.

If you've been getting 5-6%, and business is down, who with any sense would RAISE prices? This goes against everything taught in every business school in the world.

But, this is horse racing...

you might even offer a cut........ but

This is horse racing............

I understand exactly where you're coming from, but it's always bothered me that the entity "putting on the show" was paid so little for the effort. In most businesses, the OEM (i.e., the manufacturer/creator of the product) earns a richer margin than the distributor of the product.

Let's say NYRA agreed with you and cut the signal price to 2.5% to Vegas casinos. What would the casinos do for their horse book customers?

I totally understand what they are trying to do, and I don't disagree the product was priced too low. Of course, racing is the ones that priced it at 3% to begin with so they get a lot of the blame.

It just seems an odd time to try to boost prices given that handle is in the tank. Vegas also isn't really the smartest target, they don't need racing.