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Originally Posted by foregoforever
What it does is simply put money in their pockets. The outrageous 10% tax on all wagers placed by Virginians through ADWs just gets redistributed: 1% to the Virginia Breeders Fund, 4% to the new "Equine Alliance", and 5% to the horsemen's purse account for races run in Virginia (of which there are none at present).
Essentially, the Equine Alliance gets what Colonial used to get. All three of the recipients are really "the horsemen" under various organizational disguises. And there's no obligation to run any races at all. Of course, they're delighted. Who wouldn't be?
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If this is correct, I will give up wagering online with Twinspires. I'm referring to paying .20 cents extra for a $2.00 win bet.. That is truly beyond absurd.
Say it ain't so...Maybe they will wake up.
