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General Category => Harness Racing => Topic started by: wizardofoz on September 21, 2024, 11:55:41 AM

Title: Do the math on handles.....
Post by: wizardofoz on September 21, 2024, 11:55:41 AM
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.
Title: Re: Do the math on handles.....
Post by: Any1Left on September 21, 2024, 12:04:15 PM
DEAD ON POST,,,,,,,,,SIMPLE BUT DEAD ON,,,,,
Title: Re: Do the math on handles.....
Post by: The Exporter on September 21, 2024, 12:19:21 PM
The short answer is, the state,track and horsemen. What are the splits for each, I don't know.
Title: Re: Do the math on handles.....
Post by: Brkn Headpole on September 21, 2024, 01:14:16 PM
The host track or hub where bets are made get the majority of it.
Title: Re: Do the math on handles.....
Post by: Papillon on September 21, 2024, 01:44:55 PM
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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