Quote:
Originally Posted by bofkentucky
State law will handle how much cash on hand/escrow an OTB must provide
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Didn’t the Oaklawn OTB get caught short on funds and unable to pay all the winning tickets it had sold on Smarty Jones in the 2004 Kentucky Derby?
My memory is that Smarty Jones had become a local favorite after wintering in Hot Springs and sweeping the Oaklawn stakes series for 3YO’s that year. So on Derby Day the locals were pushing it through the windows with both hands. The OTB had not anticipated the amount of action Smarty Jones would draw, and when he galloped at 4-1, there was not enough cash on hand to pay everyone that day.
