Well, he's right about things being screwed up in terms of how simulcast revenue is split up. It's ridiculous that the split is such that the tracks running the race being bet on get only 20% or so of the handle generated from simulcast locations.
This all goes back to the beginning of simulcasting when track owners concluded that simulcasting was "found" money and were willing to settle for a small portion of the takeout generated by simulcast wagering on the host tracks' races. Little did they know -- or recognize -- that overall wagering would stay flat.
Many race tracks do far better financially on wagers they take on races run elsewhere vs those run on track.
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01-24-2007, 09:42 PM
"North American tracks face very, very dark future"
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