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Originally Posted by usedtolovetvg
Now, you have explained why it's not illegal but I'm really sorry but I don't see how that 8.5 million extra didn't go back to NYRA. All the monies paid are coming out of one pool and that pool is controlled, virtually, by NYRA, is it not? Sorry for my dumbness but I'll get it. I really appreciate your patience.
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As to the actual money flow, the money doesn't actually go back to the home track on a race by race basis. They settle up with each other once a week or something, and net everything out, is my understanding.
At the end of the day, let's say takeout is 26% in NY and you bet it from Cali.
You bet at simulcast, they are going to net out and effectively send something like 3% back to NYRA. The rest goes to the state, purses, and track revenues. Large amount of NYRAs handle comes from simulcast.
You bet with an ADW, they are going to net out and effectively send something like 8% back to NYRA. The rest of it, some goes to source market fees (other tracks), some goes to the state, some goes to rebates or whatever, the rest to ADW revenues. Large amount of NYRAs handle comes from ADW.
$8.5 million is how much extra NYRA's screw up cost their bettors, for those bets they made, but that money didn't all go back to NYRA.
