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Originally Posted by Appy
Hard to imagine how tracks such as those in ND offering purses the size they do, and generating the small handles they do, could owe anyone much of anything percentage based.
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This has nothing to do with those tracks.
Mr. Wagner had an account with an ADW (Advance Deposit Wagering) company located in North Dakota. He had an account balance of around $2.5 MD at the time the ADW filed for bankruptcy. If the article is factually correct, the state incorrectly/illegally collected tax from the ADW which will need to be returned bankruptcy estate.
Mr. Wagner will then be able to collect some/all of his $2.5 MD, depending on where he falls on the creditor list. With few exceptions, liquidated assets are paid out to those are owed the most first.
Given that Mr. Wagner is not the only one who is owed money, I suspect others owed a significant amount of money will be happy to see payment on monies they thought long lost!
