Quote:
Originally Posted by AltonKelsey
Good point , wrong question.
The handle or part of it isn't 'kept'. What's kept are the original dollars that the players are willing/able to lose
Track makes 80k in your example. Maybe the players had 160K to lose when they 'walked in'
So the track kept 50% of that amount. Not the 20% people think of.
How come all these high priced consultants never deal with this?
Afraid to open the can of worms ?
|
But keep in mind that the track has to put up a large percentage of the purse money. The 80k that the track kept was likely distributed in purse money. Also keep in mind that the state has to give a % of what's bet to the state for taxes on these wagers.
We need to hear the other side of the story as to what % of the "take" is actually profit after taxes and expenses. Track make some money off admissions, concessions, etc. but what does it cost to operate? Lets look at the whole picture here.
