In addition, the commission granted a request by the Maryland Jockey Club to raise the takeout on two types of wagers, the Pick 3 and the Pick 4, from 14 percent to 25.75 percent.
It is irrelevant what this does, or does not do in terms of the bet itself. Racing just needs to know that anyone that hits a pick 3 or 4 in Maryland will have much less to rebet, because they will be returned less. A 20k pick 4 pool at 14% with five winners returns $3440; at 25.75% the winning tickets are now $2960. This results in (at a churn rate of six, the number racing itself uses for churn rate) a loss in $14,000 in handle per pick 4. Over 200 race dates this results in a loss of handle for racing of $2,800,000, for just the pick 4's. It's a silent handle killer, and in the words of others, "An Anti-Stimulus Package".