Part of the Mth issue is that every state around them has casinos subsidizing the purses. Mth’s product is basically Tampa Bay Downs, which is largely unsubsidized. But Mth has to offer much higher purses- roughly 2x for same class of horse- to stay competitive with locally subsidized product at Prx, Del, LRL/PIM. If the Parx and Del slot $ vanished then we’d be back to Mth being clear AAA, Prx being AA and Del being A to NYRAs Major Leagues
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