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    Racing panel bettor find way to boost OTBs
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    He and his board held their fifth public meeting this week at Yonkers Raceway and Empire City Casino, sketching the dismal landscape. "Last year, the six OTB systems [New York City and five regionals] shared a net loss of $75 million, most of it in the city ... The racetracks shared net losses of $45 million, most of it from the New York Racing Association. What the future brings is anybody’s guess." What is certain is that they cannot go on indefinitely bleeding red ink. Full Article at New York Post
    Last year, the six OTB systems [New York City and five regionals] shared a net loss of $75 million, most of it in the city ... The racetracks shared net losses of $45 million, most of it from the New York Racing Association. What the future brings is anybody’s guess.
    SOURCE: New York Post 1 month ago
All quotes from:
Racing panel bettor find way to boost OTBs
  1. When you look at their record and what they’ve done, I think it’s shameful
    SOURCE: New York Post 1 month ago
  2. But in the last five years, video lottery terminals handles have jumped from $2.4 billion to almost $12 billion.
    SOURCE: New York Post 1 month ago
  3. In the last 10 years, New York’s pari-mutuel handle has dropped from $2.7 billion to $2.4 billion a year
    SOURCE: New York Post 1 month ago
  4. It is inconceivable that they would not contribute one bit of testimony or one suggestion.
    SOURCE: New York Post 1 month ago
  5. The OTB betting industry is still a major contributor to the racing industry.
    SOURCE: New York Post 1 month ago
  6. Yonkers draws $6 billion from a nearby population of 3 million
    SOURCE: New York Post 1 month ago
  7. Aqueduct will draw from a radial population of 8 million, and it should do extraordinarily well. I think it could exceed $10 billion.
    SOURCE: New York Post 1 month ago

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