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Originally Posted by thespaah
First I don't buy the "we lose money on live racing" thing.
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By state law, Colonial gets about 5% of every dollar wagered by a Virginia resident through all out-of-state ADWs, every day of the year ... regardless of whether they're running races. That has eliminated their incentive.
If the state law gave Colonial their 5% while they were racing, and only 2% while they're not, then Colonial would have an incentive and we wouldn't be having this problem.
Whenever you hand someone money for doing nothing, they tend to want to continue to do nothing.
