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Originally Posted by dilanesp
I will walk you around Santa Anita sometime. You can tell me what you would cut, and I will patiently explain why you can't.
Santa Anita was managed by a bankruptcy court for a time. Trust me, all cuts that could be made were.
Finally, I see a ton of horseplayers assert the price elasticity of takeout. It reminds me of supply side economics.
Nobody doubts that cutting takeout could increase handle. The question is how much, and will the track still be able to meet its purse and tax commitments and make more money doing it.
That's a much more complex question than people would like it to be.
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The purses would have to be adjusted and aren't the tax commitments a % of handle or something similar (it was mentioned in the takeout PDF in the earlier post)?
