Thoroughbred Takeout Increase in California?

[Jeff P]

HANA has learned that California's thoroughbred tracks and horsemen are spearheading an effort calling for a takeout increase on exotic wagers at California's thoroughbred tracks:
http://blog.horseplayersassociation....crease-in.html


HANA Sign Up Link:
http://www.jcapper.com/HANA/SignUp/H...m.asp?source=0



-jp

.

[DeanT]

Anatomy of a dysfunctional state, and a dysfunctional horse racing board:

1. Wagering falling. October 27, 2009, horse racing asks for the ability to change takeout. It passes.

2. January 23rd 2010, Takeout hike at Los Al, with the hopes of growing horse racing.

3. April 15th, California Lotteries drop takeout because sales are off ""When people win more often, they feel like playing more often, which in turn will increase sales, and as sales go up . . . our contribution to education goes up." a spokesman says.

4. July 15th. 2010. Los Al handle is off by 27% on track, horse racing does not grow, it shrinks. The takeout hike extended by the CHRB.

5. July 29th 2010, in response to further handle losses, the horse racing industry in California asks to raise takeout by close to 3%, with the hopes of growing horse racing.

[DJofSD]

Time for a strike but this time the target should be exotic wagers.

[JustRalph]

Originally Posted by DJofSD

Time for a strike but this time the target should be exotic wagers.

Don't sugar coat it....I understand your point....going after the higher takeout tickets etc........ if there is to be action....I say ..it needs to be a total blackout

But then again I stopped playing Ca about 2/3rds of the way thru the HOL meet

[DeanT]

California lowered lottery takeout in April. The result is below.

http://www.lotterypost.com/news/216909

Californians who play lottery Scratcher games have apparently noticed a new and not unwelcome change in the way some of the games are structured: They win more.

As a result, they're playing more.

Scratcher sales leaped by $55 million in June, the first month that a new law allowed lottery officials to increase the percentage of revenues returned in prize money.

Officials are confident that trend will continue. In its budget for the fiscal year that began July 1, the Lottery Commission projects total annual revenues, including all games, will climb from $3 billion to $3.5 billion, a 16 percent increase. All of that increase is fueled by expectations of robust Scratcher sales, which are projected to jump 33 percent, to $2.2 billion.

"We're on a pretty good path," Lottery Director Joan Borucki said. "We're able to put a lot more prizes into the game."

Can we hire Joan for California racing? At the very least she would probably not recommend horse racing does the exact opposite of what is successful.

[kenwoodall2]

If true, JMO, The failure of the CHRB to get anything done to bring Ca extra $$$ by growing racing, coupled with the ease altough naitivety of raising Los Alamitos takeout resulting in decreased handle and so less gross takeout, has resulted in this backdoor method of trying to bring a few dollars into the state. It shows that the state racing authority is out of ideas and has no concept of drawing new customers (bettors). This and avoiding public comment is why the horsemen are bypassing the CHRB. Since polling shows 50% of the public supports the idea of horse race betting yet only 5% bet on horses, more betting AND non-betting fan support is needed. There are good, low cost ideas available from bettors on how to draw new bettors and fans, including what CHRB wanted, which was "a simple, non-thinking bet". (My feature longshot pool is such a workable idea, as is ny trading/playing card decks with contest code numbers them.) "A business which is afraid of public customers deserves neither customers or to be in business".

[kenwoodall2]

Originally Posted by DeanT

California lowered lottery takeout in April. The result is below.

http://www.lotterypost.com/news/216909



Can we hire Joan for California racing? At the very least she would probably not recommend horse racing does the exact opposite of what is successful.

That lottery law requires lowering of admin costs, which happened prior. But chasing away horseplayers is true. And those residents driven are not going to play the lottery- they want non-random gaming. They will be going to other states' tracks; non-residents will just support Ca racing less.

[kenwoodall2]

It passed the full Assembly June 1- Monday vote in Senate Appropriations committee. So far no political opposition. My ASS. office advised me this bill is moving fast.

[Greyfox]

Originally Posted by JustRalph

if there is to be action....I say ..it needs to be a total blackout

I agree. If they up the take out, it will be time for a total blackout.

[TheBid9]

Looks like the vultures believe there's a little flesh left on the carcass!!!

[kenwoodall2]

Originally Posted by kenwoodall2

It passed the full Assembly June 1- Monday vote in Senate Appropriations committee. So far no political opposition. My ASS. office advised me this bill is moving fast.

THIS IS NOT BIll #2414!

[andymays]

Vote!

http://www.paceadvantage.com/forum/s...881#post941881

[kenwoodall2]

Thier guy listened when I said cappers will not bet other Ca venues but go out of state because they do not bet random gamimg.

[rwwupl]

http://info.sen.ca.gov/pub/09-10/bil...0_history.html


http://info.sen.ca.gov/pub/09-10/bil...14_status.html

http://info.sen.ca.gov/pub/09-10/bil..._sen_comm.html

http://asmdc.org/speaker/

Capitol Office
State Capitol
P.O. Box 942849
Sacramento, CA 94249-0046
Tel: (916) 319-2046
Fax: (916) 319-2146

District Office
320 West 4th Street
Room 1050
Los Angeles, CA 90013
Tel: (213) 620-4646
Fax: (213) 620-6319


Click the above links for info....
This bill(AB2414) is in process...it is expected that like many bills will be changed through give and take at the end. We are informed that the bill, carried by Assembly Member John A. Perez will contain the version predicted by HANA and Jeff Platt. There is much to be done and much has been done.

Your interest and help(write something to the people involved per the HANA website) are appreciated.

roger@hanaweb.org

http://www.jcapper.com/HANA/SignUp/H...m.asp?source=0

[highnote]

Originally Posted by Greyfox

I agree. If they up the take out, it will be time for a total blackout.

If they up the takeout you won't have to worry about boycotting because at the rate and direction the industry is moving SoCal racing will eventually cease to exist. Only suckers will be betting at tracks with those high takeouts.

Then again, maybe there are enough suckers to allow them to survive?

You probably know this old quote wrongly attributed to P. T. Barnum: "There's a sucker born everyday."

or how about this W. C. Fields quote: "It's morally wrong to allow a sucker to keep his money."

or this one by W. C. Fields: "Never give a sucker an even break."

Who is the sucker who will bet at these rates?