Talk about your diminishing returns: Pennsylvania is taking so much out of horse racing wagers that horseplayers have reduced their wagering, resulting in less revenue realized for the state than if Pennsylvania were to take out a more reasonable share.”
Malcer commented on Glenn’s post:
The reason takeouts are the highest at those tracks that need them least is that General Gaming companies such as the listed ones want those tracks to fail. You know how much their bottom line goes up if they don’t have to waste a good portion of their casino gains on the racing product?”
Click here to read Glenn’s post and Malcer’s comment in full.