Thoroughbred racing continues to take steps on its way to becoming a true league sport, but officials at the Aug. 15 Jockey Club Round Table again beat the drum for cooperation and aggregation in what some still believe is a largely fragmented industry.
A recently released report on wagering trends concludes the "handle up, purses down" situation isn't new, and that "incentive wagering service providers"--rebate operations--improve the competitiveness of the pari-mutuel industry.
The National Thoroughbred Racing Association Wagering Systems Task Force, formed to study why handle is up but purses are down, plans to release its report in August, officials said.
There's more than meets the eye as the pari-mutuel industry examines the relationship between handle and purses, and the National Thoroughbred Racing Association is working behind the scenes to investigate the legal ramifications.
The National Thoroughbred Racing Association's Wagering Systems Task Force, which was created to find out why total purses dropped in 2003 even though national handle increased, held its first meetings Thursday and Friday in New York City at the offices of Giuliani Partners.
The National Thoroughbred Racing Association's Wagering Systems Task Force has enlisted a panel of business experts, including former New York City Mayor Rudy Giuliani, to find out what caused purses to drop in 2003 even though national handle increased.
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