HORSEPLOP.COM
General Category => Harness Racing => Topic started by: wizardofoz on September 21, 2024, 11:55:41 AM
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If the Meadowlands does $100,000 live handle, and $3 million simulcasted handle, talk here states that only 3% of the $3 million goes to the track, or $90,000. Each race has takeouts in the range of 15%-25% for the bets made. Where does that takeout money go? It comes to around $450,000+ per card on average for the takeouts.
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DEAD ON POST,,,,,,,,,SIMPLE BUT DEAD ON,,,,,
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The short answer is, the state,track and horsemen. What are the splits for each, I don't know.
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The host track or hub where bets are made get the majority of it.
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If the Meadowlands does $100,000 live handle, and $3 million simulcasted handle, talk here states that only 3% of the $3 million goes to the track, or $90,000. Each race has takeouts in the range of 15%-25% for the bets made. Where does that takeout money go? It comes to around $450,000+ per card on average for the takeouts.
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