Meadowlands handle fails to top $3 million

[stanetelman]

"It’s our goal to wager $3 million on any given card,” said track Chief Operating Officer and General Manager Jason Settlemoir. “Whether it’s Meadowlands Pace Night or an ordinary winter Saturday night, that’s the bar we always try to clear, and we were fortunate enough to do that a majority of the time during 2024. Unfortunately we failed to reach that number on 42 cards, which resulted in a significant loss of revenue."

[gh2009]

"It’s our goal to wager $3 million on any given card,” said track Chief Operating Officer and General Manager Jason Settlemoir. “Whether it’s Meadowlands Pace Night or an ordinary winter Saturday night, that’s the bar we always try to clear, and we were fortunate enough to do that a majority of the time during 2024. Unfortunately we failed to reach that number on 42 cards, which resulted in a significant loss of revenue."

Even when they handle 3 million, the majority of which is off track, with their host share between 4 & 5% tops, on a 15-race card that's $75,000 max, which doesn't even come close to funding their purses without the supplement.

[pocketrocketwinner]

Even when they handle 3 million, the majority of which is off track, with their host share between 4 & 5% tops, on a 15-race card that's $75,000 max, which doesn't even come close to funding their purses without the supplement.

The elite turf club makes up a huge % of that 3mm. After the pools close

[gh2009]

Settlemoir is just a puppet for Gural and repeats the same story every week. Nothing original ever comes out of his mouth.

[pocketrocketwinner]

The state subsidy was dependent upon increased handle. An easy way to show that is by including Elite at an 11% rebate and ability to be after all of us. Every penny ever wagered by anyone since Elite has been in those pools should be returned to the bettor. All it's going to take is a class action. Easy win

[BigMFan]

They should be happy with the handle.  How many people under the age of 40 are at that track on a Friday or Saturday wagering on horses and not sports?  25 tops. 

[Papillon]

The elite turf club makes up a huge % of that 3mm. After the pools close

Does this mean my "matter of fact" comment about CAWs comprising at least 50% or more of Gural's handle isn't so outlandish after all?

did you suddenly change your mind?

[wizardofoz]

Even when they handle 3 million, the majority of which is off track, with their host share between 4 & 5% tops, on a 15-race card that's $75,000 max, which doesn't even come close to funding their purses without the supplement.

At 5% that is $150,000 based on $3 million handle.

[gh2009]

You're right, what I did was multiply the 5% by the 15 races by mistake!

[pocketrocketwinner]

Does this mean my "matter of fact" comment about CAWs comprising at least 50% or more of Gural's handle isn't so outlandish after all?

did you suddenly change your mind?

You might have been correct all along

[Papillon]

sincere thanks

[seen2much]

If the CAW's make up 50% of the Meadowlands handle...it's game over.

[Papillon]

If the CAW's make up 50% of the Meadowlands handle...it's game over.

it has been this way for a few years at M1--yet everyone loves their Big M

why do think they handle relatively well?

they give Elite a massive rebate that's why

[pocketrocketwinner]

If the CAW's make up 50% of the Meadowlands handle...it's game over.

There's some info out there that does say eilte does over half the handle. Somehow their algorithm can make money doing that. Hard to believe but I guess the algorithm is super sharp

[Papillon]

betting after the race starts helps out as well