Author Topic: Saturday night's TVG races at the Meadowlands!  (Read 2322 times)

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Kenny

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #15 on: Today at 12:44:16 PM »
She had no visible excuse but the other Burke horse who beat her easily was being driven by Dexter for the 1st time and really improved,

Two year old filly from the 10 post parked to the quarter on an off track.

I would not have been betting her on top.

Pacer 2

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #16 on: Today at 12:51:11 PM »
Total Nightly Handle: $3,444,103.30 which topped last year's total.
   GREAT HANDLE!    Despite the negative nancys the sport is thriving!  tmbz1

Pacer 2

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #17 on: Today at 12:51:59 PM »
Once again all bets are time stamped. No one is betting after the bell without getting caught
tmbz1 tmbz1

Papillon

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #18 on: Today at 01:07:58 PM »
   GREAT HANDLE!    Despite the negative nancys the sport is thriving!  tmbz1

ECONOMIC INDICATORS ON U.S. RACES
November 16, 2025: $2,152,184
2025   2024   % Change
Total Wagered   $1,206,635,541   $1,317,634,236    -8.42%
Per Race avg.   $39,847   $42,102                           -5.36%
Per Betting Interest   $5,166   $5,413                   -4.56%
Purses   $448,040,975   $454,226,455                   -1.36%
Race Days   2820   2881                                                   -2.12%

seen2much

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #19 on: Today at 01:59:52 PM »
Cumberland Run (Corbin) will not help the economic indicators. A whopping 3-4K bet per race.

Pacer 2

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #20 on: Today at 02:49:23 PM »
ECONOMIC INDICATORS ON U.S. RACES
November 16, 2025: $2,152,184
2025   2024   % Change
Total Wagered   $1,206,635,541   $1,317,634,236    -8.42%
Per Race avg.   $39,847   $42,102                           -5.36%
Per Betting Interest   $5,166   $5,413                   -4.56%
Purses   $448,040,975   $454,226,455                   -1.36%
Race Days   2820   2881                                                   -2.12%
  61 less race days!   DUUUUHHHH! ngc3 ngc3 ngc3 ngc3

Grandstand Handicapper

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #21 on: Today at 03:03:26 PM »
Statistics don't lie, but statisticians do. How can anyone argue that handle is not down. Pick and choose variables and the numbers can come out any way you like.

pocketrocketwinner

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #22 on: Today at 03:11:28 PM »
Gural is on record that the doors are closing if they dont get the casino

They could do 4 million a night every night. They would still close.

He has no meaningful handle on imported signals. The vast majority of the live handle is from adw retail accounts and CAWs.

The current business model doesnt work. Apparently even with the sports business.

The true description of it would be whatever the polar opposite of "thriving" is

Laag

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #23 on: Today at 04:40:38 PM »
The Hambo Society better be careful. The Meadowlands and Woodbine are the only tracks that can truly garner interest nationally and with handle. All the peeps love the Red Mile because the farms are there but the handles are atrocious and isnt the place a dump. The Meadowlands is the best track in the world and horsemen should be grovelling for that casino to get it back to its glory...and it will never return to what it was in the 80s and 90s but easily it should be the dominant track

The Answer

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #24 on: Today at 05:38:05 PM »
Gural is on record that the doors are closing if they dont get the casino

They could do 4 million a night every night. They would still close.

He has no meaningful handle on imported signals. The vast majority of the live handle is from adw retail accounts and CAWs.

The current business model doesnt work. Apparently even with the sports business.

The true description of it would be whatever the polar opposite of "thriving" is

Fanduel profits about 300 million a year at the Meadowlands. Best estimates are Gural gets 15% about 45 million a year. He’s making money even with the expense of the racing. Fanduel can exist without racing at the Meadowlands but racing is just a write off on Gural’s tax bill. His threat of closing the track without a casino is just a threat.

Grandstand Handicapper

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #25 on: Today at 05:39:24 PM »
The Hambo Society better be careful. The Meadowlands and Woodbine are the only tracks that can truly garner interest nationally and with handle. All the peeps love the Red Mile because the farms are there but the handles are atrocious and isnt the place a dump. The Meadowlands is the best track in the world and horsemen should be grovelling for that casino to get it back to its glory...and it will never return to what it was in the 80s and 90s but easily it should be the dominant track

Absolutely agreed. It will never be what it was. It's a very different world today. However, with a casino, and what else Gural wants to do, it can and will be the premier harness racing track in NA.

Papillon

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #26 on: Today at 05:59:21 PM »
FanDuel's operations at the Meadowlands consistently generate the majority of New Jersey's sports betting revenue. However, specific "profits" for the Meadowlands Racetrack are complex, as a percentage of the revenue is used to cover the racetrack's operational losses and contribute to horse racing purses, rather than being pure profit for the track itself.
Meadowlands/FanDuel Revenue Snapshot (NJ)
Overall Market Dominance: FanDuel, which operates online and a physical sportsbook through the Meadowlands' New Jersey license, is the leading operator in the state's highly competitive market.
Monthly Performance: In January 2024, the Meadowlands (with its three online partners including FanDuel) set a record by surpassing $100 million in monthly revenue.
Annual Revenue (2023): Profits (revenue) for the entire Meadowlands operation from sports betting surpassed $458 million for the year 2023.
Retail vs. Online: The vast majority of revenue comes from online sports betting. For example, in December 2023, online revenue for the Meadowlands was $49.3 million, while the physical (retail) location contributed around $1.8 million.
Racetrack Allocation of Revenue
The financial arrangement is critical to understanding "profits at the Meadowlands":
In 2024, $2.5 million from sports betting revenue was added directly to the horse racing purse account.
An additional $11.5 million was used to cover the operating losses of the racetrack for the year.

Therefore, while the FanDuel-powered operation is a massive revenue generator in New Jersey, the Meadowlands Racetrack itself uses a significant portion of this income to subsidize its horseracing operations, not generating a direct "profit" for the track as a standalone business in the traditional sense.

The Answer

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #27 on: Today at 06:12:12 PM »
FanDuel's operations at the Meadowlands consistently generate the majority of New Jersey's sports betting revenue. However, specific "profits" for the Meadowlands Racetrack are complex, as a percentage of the revenue is used to cover the racetrack's operational losses and contribute to horse racing purses, rather than being pure profit for the track itself.
Meadowlands/FanDuel Revenue Snapshot (NJ)
Overall Market Dominance: FanDuel, which operates online and a physical sportsbook through the Meadowlands' New Jersey license, is the leading operator in the state's highly competitive market.
Monthly Performance: In January 2024, the Meadowlands (with its three online partners including FanDuel) set a record by surpassing $100 million in monthly revenue.
Annual Revenue (2023): Profits (revenue) for the entire Meadowlands operation from sports betting surpassed $458 million for the year 2023.
Retail vs. Online: The vast majority of revenue comes from online sports betting. For example, in December 2023, online revenue for the Meadowlands was $49.3 million, while the physical (retail) location contributed around $1.8 million.
Racetrack Allocation of Revenue
The financial arrangement is critical to understanding "profits at the Meadowlands":
In 2024, $2.5 million from sports betting revenue was added directly to the horse racing purse account.
An additional $11.5 million was used to cover the operating losses of the racetrack for the year.

Therefore, while the FanDuel-powered operation is a massive revenue generator in New Jersey, the Meadowlands Racetrack itself uses a significant portion of this income to subsidize its horseracing operations, not generating a direct "profit" for the track as a standalone business in the traditional sense.

So he writes off 14 million off the tax he would have to pay on the Fanduel profit.

pocketrocketwinner

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #28 on: Today at 06:49:05 PM »
Fanduel profits about 300 million a year at the Meadowlands. Best estimates are Gural gets 15% about 45 million a year. He’s making money even with the expense of the racing. Fanduel can exist without racing at the Meadowlands but racing is just a write off on Gural’s tax bill. His threat of closing the track without a casino is just a threat.

Are you absolutely sure that you are not confusing revenue with profit?

Papillon

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Re: Saturday night's TVG races at the Meadowlands!
« Reply #29 on: Today at 07:12:05 PM »
He is using the excuse of losing $1 mil/month for overhead to cry for a casino when indeed that operating loss of $11.5 mil is paid for by his share of the sportsbook profits..so he isn't losing anything by racing

his whole agenda since he took over was to get a casino and he is just using racing as a perfect cover, pretending and telling everyone that he is a "saviour" of the industry

a true saviour wouldn't threaten to close the doors if he doesn't get his way

a true saviour wouldn't tell The Hambletonian Society to look for another place to race

what he and has been for about a dozen years is a snake oil salesman

he has sold a lot of oil the last decade

 

shout out

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