0 Members and 1 Guest are viewing this topic.
Sports books have a very small margin.
A PISS POOR PRODUCT LOAN?
How does he possibly get the 20mil state subsidy with the amount of money he makes with the sportsbook? Something very wrong there
Maybe the should repeal section 230!, with so much disinformation on here.The N.J. horse subsidy is 15M with 4.5M for the Meadowlands.
You are right about the #. Do you think 15 mil is justified being how much money monmouth and the Meadowlands is making with sports wagering? Gural's insufferable begging looked greedy.
Can someone produce the net profit the Sportsbook at the Meadowlands made ?
This link should show you month by month the online wager and onsite. https://www.playnj.com/sports-betting/revenue/This link explains what the revenue numbers mean. https://www.nj.gov/oag/ge/docs/SportsBetting/SportsWageringGrossRevInfo.pdfSo year to date, meadowlands did 154 million revenue online. And another 18 million live. Heres the link to nj with the full breakdown and minuses from the gross revenuehttps://www.nj.gov/oag/ge/docs/Financials/SWRTaxReturns/2020/November2020.pdf. Lets just say the sportsbook is making him filthy rich and he is getting subsidies and fucking over racing.
I agree subsidies can and should be debated.......... Some like healthcare & housing are more important than others....But governments provide subsidies to many many business examples.....Agriculture subsidies. ...Oil subsidies. ...Housing subsidies. ...Healthcare subsidies. ...Export subsidies. ... Before the subsidies were granted, Gural committed to also adding 1Million from his sportsbook profits if they were approved.Something he's not required to do, he could have taken the subsidies without adding his money, so I don't think that is greedy.
