Sidebar

[dilanesp]

Originally Posted by RXB

http://www.drf.com/news/too-early-ga...akeouts-effect

All-sources total handle on the meet that began May 20 was $10,587,069, up 4.9 percent from $10,095,092 for the same number of days at the start of the 2015 racing season. Out-of-state handle on Canterbury’s races, the area the track hoped would most greatly expand because of its well-publicized takeout reduction, was $7,186,452, up 4.4 percent from $6,884,845. Ontrack handle is up 5.9 percent, from $3,210,247 to $3,400,617.

Canterbury’s blended takeout went from 20.5 percent in 2015 to 16 percent this year, so $1,411,393 was taken from handle last year compared with $1,149,832 from the same period this year.

So far, not good. That last number is the one that needs to go up-- the issue isn't whether lowering takeout increases handle but whether it increases it enough to increase revenues.