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Originally Posted by LemonSoupKid
What is the proper action to "subsidize demand"? You said what the subsidization of supply was, which didn't work.
Monmouth should be a great combination of both. Getting more people to the track can only help. So maybe the compromise has to be that you bet sports LIVE, ie, you only get a license if you have a live requirement, no (internet) betting that makes it, in a sense, too convenient and only really rewarding models that are ADW types. Lots of people won't like that, but it would be interesting, and certainly a boon to tracks.
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There are a couple of ways to do it. One would be allow to create rebating programs with RHDF funds for bets on local races. Alternatively, you could allow bettors to deduct local race losses on their state tax returns and fill that budget hole with RHDF funds. Essentially, you are just trying to create churn and handle. You cannot subsidize the track, however. Bad policy.