"Horse-racing bettors at some of New York’s most prestigious tracks were forced to pony up more than $7 million in extra fees by the New York Racing Association, a probe has revealed.
To stem a budget shortfall, the state allowed NYRA to increase its takeout rate by 1 percentage point, to 26 percent, for two years starting in 2008.
But NYRA kept collecting the 26 percent after the temporary boost expired in 2010, raking in more than $7 million in extra fees."
