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Originally Posted by usedtolovetvg
One of my flaws is that when I don't understand something I say so. I really don't follow you. There was $8.5 million more withheld than should have been. 26% was withheld rather than 25% over the time period. The money that was, not ultimately, returned to the winning bettors was kept by someone and I believe NYRA got the unclaimed winnings. Chickenhead clearly explained that no law was broken outside of NY. I'm sorry but I don't follow you.
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Al is talking about something slightly different, or not, depends on how you look at it.
NYRA withheld $1.something million that went afoul of the law. That is the real number, not $8.5 million. The lions share of the $8.5 million is really just money that out of state bettors bet into a really high takeout with out of state bet takers. Had takeout been lower, someone would have collected $7 million less *from those particular wagers*, but takeout was higher, so they collected $7 million more *from those particular wagers*.
Al is saying that $1.something million isn't necessarily *more* in total revenue than NYRA would have gotten otherwise, had rates been lower.
They would have certainly made $1.something million less *from the wagers that actually occured*...but maybe they'd have made more overall due to having more wagers, these are hypothetical wagers at this point, they didn't occur, but maybe they would have.
Regardless, it is only that it was illegal that made it an issue. There is no statutory limit on total revenue, just per wager revenue. They didn't make too much money, but they did take more money from each wager than was legal.
That is why *more* comes up as an issue. To be exact, it's really *more* on *the wagers that actually occured*.
