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You're all getting into the crux of the matter and *why* the tracks want to have ownership in the biggest rebate shops. To think the likes of Elite aren't getting at least 10% in Pn's in particular is naive. When the host fee collector and the rebate shop exchange money from the same pocket, you can prolly guess why this has been a growth sector for racing the last 20 years and why jackpots were rolled out a decade ago. But we're getting to the point where there's no more meat on the bone left for anybody. It's worked to keep handle stable for the last 20 years but there is definitely a ceiling to this and the racing industry is probably at it. You can't "grow" this way (rebate, skin the recs, jackpot bets) forever. You can't rebate more than rake and the teams can't really get *that* much volume in without betting against themselves.
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