The fees will be distributed horsemen and racetracks in the state by formula. Half of the money -- $750,000 -- will go toward purses.TVG chief executive officer Mark Wilson said the company looks forward "to helping racetracks and horsemen in other states realize this new growth potential." Currently, TVG is operational in Kentucky, Maryland, Oregon, and Louisiana.
Churchill Downs president Alex Waldrop said source-market fees "are an important part of any account wagering operation." Both David Switzer, executive director of the Kentucky Thoroughbred Association, and Marty Maline, executive director of the Kentucky Horsemen's Benevolent and Protective Association, said they look forward to further growth in account wagering.Based on a blended takeout rate of 20%, NTRA Services pays 10.5 cents of every dollar wagered (the source market fee) to tracks and horsemen in the market in which the bettor resides. Other money goes toward taxes (0.25%), NTRA Services (0.75%), Host simulcasting fees (3%), and TVG production and operating expenses (5.5%).