Yesterday, we had two "quotes of the day" and today we see another.
There is a bill in California that raises takeout and adds exchange wagering. The takeout bill seemed to be sailing through just fine, as we see all too often in racing since about 1908 when takeout was 5%, with unanimous consent. However, the exchange thingy really seemed to get some shorts in a bunch. So now, it looks like it is 50/50 to pass.
Republicans are lining up to oppose this exchange wagering concept. And thus, we have our newest quote of the day:
" In fact, according to a Republican caucus analysis opposing the bill, between 1998, when exchange wagering was first allowed, and 2008, “purse revenues” went up 54 percent. Track attendance went up 10 percent, the number of horses in competition increased 19 percent, and the number of races jumped 26 percent."
OK. Let me see if I understand. In horse racing, which has been getting its ass kicked everywhere, an introduction of an exchange coincided with, higher handle, higher purses, more attendance, more horses bought, and more races.
And they're against it?
I am getting precariously close to following a new sport.
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