classhandicapper |
04-16-2021 09:02 AM |
IMO, the problem with this idea as a national strategy is that it can become a lot like lowering state taxes. A lower state tax may cause some people and businesses to relocate from CA to TX or from NY to FL (which is good for FL and TX) but it doesn't necessarily increase national pie. It's coming out of someone else's pocket (NY and CA).
To increase the size of the racing pie we need a change of perception about whether you can actually win (think poker) and/or make the pleasure of the track experience and playing worth the small losses and thought of as entertainment like attending sports, concerts etc.. That way you attract brand new players into the game or those that are already playing increase their handle by more than churn and that more than compensates the track for the lower tax rate (or "take" in this case).
Personally, I think it would be more beneficial LONG TERM to lower the take on WPS or even EXs and DBLs because there's less volatility in the results and you might generate a lot more consistent winners at 10% than 16% or higher, but people love trying to make life changing scores (lotteries and lotto) and tracks are probably more focused on short term bottom line issues.
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