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I'm glad too Al, and that is an interesting article, but...
"Even if you combine both the expected drop in wagering handle caused by a decrease in average field size and number of races the total is around $10 million.
That accounts for only 20% of the $49 million drop, which begs the question: what caused the additional $39 million drop?
The answer is one the corporate geniuses will never admit: the increase in takeout rates."
Given the dates used for sample the "study" seems to completely ignore what I would think is one very crucial fact, which is that the national economy also neared economic collapse during the exact same time frame.
Don't you think that might have been a major contributor to a decline in what has to be considered entertainment spending?
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"Better to do little well than more poorly." Appy
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