September handle and wagering metrics

[AndyC]

Originally Posted by ronsmac

The withholding laws were changed at the end of September or beginning of October last year. I can't remember the exact date. Since then , handle has been up about 5% at most meets, give or take a point or two. This October will have the same withholding laws when compared to last October.

Has the handle increases been primarily in the pools most affected by withholding or has it been an across the board increases? I would guess that the increase would be attributable to the big players whose cash flow would be significantly increased by the change. Small players seldom, if ever, hit a 2500-1 shot and accordingly wouldn't experience added cash flow due to withholding changes.

[GMB@BP]

Originally Posted by AndyC

Has the handle increases been primarily in the pools most affected by withholding or has it been an across the board increases? I would guess that the increase would be attributable to the big players whose cash flow would be significantly increased by the change. Small players seldom, if ever, hit a 2500-1 shot and accordingly wouldn't experience added cash flow due to withholding changes.

it really helped the whales I would imagine

[ronsmac]

Originally Posted by GMB@BP

it really helped the whales I would imagine

I'm a minnow and it's helped me immensely. I've had zero withholding since the new laws went into affect compared to thousands the year before. 98% of my play are on exotics. It was frustrating to be down 10k for the year , hit a 7k pick 4 and have 25% taken off the top. Even when you file at the end of the year it never works out because of the way it affects all of your other deductions that you never get all of the withholding back.