Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 02-07-2018, 04:07 PM   #13
AstrosFan
math/science # cruncher
 
Join Date: Sep 2017
Posts: 180
Quote:
Originally Posted by Jeff P View Post
I was on the phone with them yesterday (ahead of this morning's announcement.)

One of the things they mentioned was Bill Nader's presentation at the AZ Symposium where Nader had suggested the industry had lost its way a bit by forgetting about churn. (And that multi-race bets have a tendency to keep money tied up which reduces churn.)

-jp

.
That is grossly incorrect regarding what Nader "thinks"


Simulcasting is what killed live on track handles and in turn created greed to raise takeout!

No one NEEDS to go to the track anymore to place a bet, unless you are in Texas or AZ, so all ADW operations make a mint due to the current scale of what they get and their low overhead vs the track and all their operating expenses.

A great example is the poorly ran Penn Gaming tracks:

Charles Town Races: they handled "live"

$96.7 million in 2002
$23.8 million in 2016

Total C. Town handle is down $55 million from 2002 to 2016

The state of WV is down $330 million in bets (including greyhounds) from 2002 to 2016

On page three you can see the "state's share" tank from 1978 to 2016 according to the WV racing commission reports.

The industry did it to themselves
Attached Files
File Type: pdf Handle in WV.pdf (127.5 KB, 7 views)
AstrosFan is offline   Reply With Quote Reply
 
» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 12:41 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.