http://www.drf.com/news/california-b...s-takeout-tale
Excerpt:
Raising the takeout always leads to lower handle and unhappy customers and is the last resort for struggling track operators. The increases that the California legislature has approved and that will become effective Dec. 26 once the bill is signed into law by the governor, who supports them, are particularly onerous despite the California Horse Racing Board’s attempt to portray them as reasonable and consistent with the rates in other states.
