Keyword: pari-mutuel takeout

  • NYRA Seeks to Lower Pari-Mutuel Takeout

    Quickly taking advantage of a new pari-mutuel deregulation move by the state, the New York Racing Association has proposed reducing its takeout on certain bets at Aqueduct, Belmont Park, and Saratoga.

  • New York Deal Includes Other Pari-Mutuel Provisions

    A deal to bring video lottery terminals to New York racetracks with an increased slice of the pie for track operators includes other provisions, including removal of restrictions on pari-mutuel takeout. The VLT deal is expected to bring the state $165 million this year, legislative sources said.

  • Takeout Hike Still Option in Workers' Comp Crisis

    California racing officials pondering what to do about a building workers' compensation insurance crisis are closer to submitting legislation that would increase pari-mutuel takeout in the state.

  • California to Hash Out Workers' Comp Proposal

    Representatives from the California Thoroughbred industry have scheduled an April 10 meeting at Santa Anita Park to discuss a proposal that would increase pari-mutuel takeout to help pay for spiraling workers' compensation insurance rates.

  • Keeneland Alters Takeout Rates for Spring Meet

    Keeneland, which last fall experimented with a reduced 16 percent pari-mutuel takeout, has made adjustments for its spring meet, which begins April 5. The takeout for win, place, and show wagers will remain 16 percent, but for exotic bets, it will go back up to 19 percent.

  • Timely Topic: 'The Cost of a Bet'

    The timing couldn't be better. But it's pure coincidence the International Simulcast Conference, which begins Monday in Louisville, Ky., includes a panel discussion titled "The Cost of a Bet."

  • Takeout Cut Heats Up Simmering Debate

    It won't be easy to gauge the results of Keeneland's pari-mutuel takeout reduction, and the decision by the Mid-Atlantic racetracks and New York off-track betting corporations to drop the Kentucky track's signal because of concerns over a drop in revenue.

  • All New York OTB Outlets Drop Keeneland

    All of the off-track betting corporations in New York confirmed Friday they will not take the signal from Keeneland effective Friday, the Lexington track's opening day. The decision is tied to a reduction in takeout at Keeneland, the impact it could have on the bottom line of outlets that take the signal.

  • Economics: Racetracks Drop Keeneland Signal

    Unable to strike a deal on a simulcasting fee, the racetracks that fall under the Mid-Atlantic Cooperative will not offer the Keeneland signal at their facilities effective Friday, opening day of the Lexington track's fall meet.

  • NYRA's Lower Takeout Rate on Wagers Approved

    The New York Racing Association, after agreeing to concessions with the state's off-track betting corporations, won final legislative approval of its plan to lower takeout on betting at its three tracks in New York. Gov. George Pataki must sign the bill.

  • NYRA, OTBs Said to Agree on Lower Takeout

    Negotiations to permit the New York Racing Association to lower its pari-mutuel takeout, which NYRA believes will increase wagering, are close to a resolution, individuals involved in the talks said.

  • New York Horsemen Back Push for Takeout Reduction

    Richard Bomze, president of the New York THA, said Wednesday the organization that represents horsemen at Aqueduct, Belmont Park, and Saratoga met the week of April 9 and decided to support the plan pushed by NYRA chairman Barry Schwartz.