I've been reading the twitter and a lot of chatter about Monarch signal fees, takeout, NYRA ADW taxes and the like are filling it. Some seem to think none of this is really a big deal because bettors will play no matter what.
Back in 2009, New Hampshire added a tax on winning wagers at horse and dog simulcast centers. It was really "no big deal", according to many - it was not even as bad as a takeout hike, it was only on winning wagers of over $600.
It was a big deal:
"In the 2010 calendar year alone, the amount of money bet on simulcast
Thoroughbred races at Rockingham Park, The Lodge, and Yankee Greyhound
Park dropped by a combined $19,438,111. The overall handle at the three
tracks, which no longer conduct live racing of any breed but also
simulcast harness and greyhound racing, was off a total of $24,064,567"
"While Paul Kelley, the executive director of the state’s charitable
gaming and racing commission, said it is difficult to ascribe a hard
number to how much business was lost, handle figures that are public
record prove the damage to be in the tens of millions of dollars."
In 2011, common sense and some hard work prevailed. They repealed the fee and hoped to get the lost handle back (that has not happened yet, because when players leave, they tend to leave for good at a fair to high propensity).
New Hampshire is a state without live racing, and one with barely more than one million people.Imagine what these type policies North American wide do.
When you make it harder to consume a betting product - whether it be raising a signal fee, adding an ADW tax, banning internet wagering or shutting off signals - players leave, and handle is lost. Some of it never to return.
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