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  • From: Salvatore Carcia via Derby
  • Date: Wed, 23 Mar 2022 13:12:57 -0700 (PDT)
  • Subject:

    Re: [Derby] Derby Digest, Vol 16, Issue 15


Terry B wrote:
“"Price sensitive" bettors are whining on social media that the increase 
on ADW wagers could theoretically lower rebates. Although nobody knows 
anything about who is rebated and how much in Kentucky.”

Someone on social media said that horseracing is pricing out the $1 million players and are moving up market.
So, in summary horse racing has officially priced out all the players playing under a million.
It is odd how the big players on social media do not see rebates as an issue. They are spending their time blaming the TV analysts for killing the smaller players all the while skimming millions out of the pools. 
Sal

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Today's Topics:

  1. KY bill to lower tax and elim breakage (Terry Bjork)


----------------------------------------------------------------------

Message: 1
Date: Wed, 23 Mar 2022 11:33:05 -0600
From: Terry Bjork <tlbjork@xxxxxxxxxxx>
To: derby@xxxxxxxxxxxxx
Subject: [Derby] KY bill to lower tax and elim breakage
Message-ID:
    <MWHPR04MB0462DCAEDD6BED7152E15B81A9189@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>
    
Content-Type: text/plain; charset=UTF-8; format=flowed

Bloodhorse is reporting on an advancing KY bill that would lower the tax 
on most parimutuel wagers taken in state (except ADW which would see an 
increase), and eliminate breakage.

The great Karnak predicts you the bettor would see $0 of the tax breaks, 
but all those extra breakage pennies could add up.

"Price sensitive" bettors are whining on social media that the increase 
on ADW wagers could theoretically lower rebates. Although nobody knows 
anything about who is rebated and how much in Kentucky.

The bill passed out of the House, 66-29.

https://www.bloodhorse.com/horse-racing/articles/257549/pari-mutuel-reform-clears-kentucky-house

.



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End of Derby Digest, Vol 16, Issue 15
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