Quote:
Originally Posted by elhelmete
So Andy's been organizing a current one?
Purses are down here....without the boycott.
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I think that's the point.
SB1072 went into effect on Jan 01 2011.
That's the bill that brought 22.68% exacta takeout to Santa Anita, Del Mar, Golden Gate Fields, and the now closed Hollywood Park.
SB1072 also changed the revenue split between tracks and horsemen from 50% track 50% horsemen to 48% track 52% horsemen.
We were promised by then CHRB Chairman Keith Brackpool that higher takeout and the change in revenue split would create bigger purses, bigger field size and bigger bottom line revenue for tracks and state coffers.
If the provisions in
SB1072 were ever going to work we should have seen some clear evidence of that over the past seven years.
But that is not the case.
SB1072 has not fulfilled any of the promises made by Keith Brackpool.
Instead
SB1072 has enabled the following:
* Acceleration of California's handle decline vs. the national average.
* California Exacta pools are now badly underperforming Exacta pools in New York.
* Lower bottom line revenue for tracks.
* Loss of jobs, layoffs, and reduced hours for track employees.
* Total purse money paid out is now lower, not higher.
* Decimated budgets for California alphabet organizations like the CHRB, TOC, CTT, and the DJF (disabled jockeys fund.)
It's time for a change in direction.
-jp
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