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When Los Alamitos raised their takeout, it was a case of an obscure quarter horse track with small betting pools...trying to survive in turbulent times. This takeout hike is another matter altogether.
These racetracks have the biggest wagering pools in the country, and are not raising taxes for self-preservation...but because they think that their "superior" product is not priced high enough. They think that they can compete with the LA Lakers for sheer entertaiment value...and they want to price their product accordingly.
One thing is certain. Other prominent racetracks are watching this move...and if the public backlash is not strong enough in the wagering pools - where it counts - you can expect to see this tactic carried out in racetracks across the land.
Whether California is still competitive with other tracks in takeout, even after this takeout hike, is a moot point IMO.
It is the PRINCIPLE that we should be revolting against...
Last edited by thaskalos; 09-28-2010 at 02:46 AM.
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