Takeout Rates

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Horsemen: No Position Yet on Rebate Shops

The National Horsemen's Benevolent and Protective Association's board of directors will decide Jan. 18 whether to endorse an updated "white paper" on simulcasting, but it won't decide--at least for several months--its position on high-volume rebate operations.

Report: Industry Must Maximize Customer Benefits

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.

Bill Seeks Takeout Hike to Cover Workers' Comp Costs

Legislation introduced by a California assemblyman would increase the pari-mutuel takeout on exotics wagers in Thoroughbred races by 0.5% to raise money to cover some workers' compensation costs. Quarter Horse and Standardbred takeout also would be increased to cover costs.

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."

Hawthorne: Reduced Takeout Rates and Turf Racing

Hawthorne Race Course, which carried the Thoroughbred sport in the Chicago-area during a two-year dark period at Arlington Park in the late 1990s, will open May 1 for the first of two meets and feature reduced takeout rates on wagers. The meet will mark the return of grass to the Chicago racing calendar.

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