Yesterday on the twitter machine we saw this tweet:
He's absolutely correct. California racing's pricing is steep. A bigger share of wagering than anywhere else in the nation from ADW goes directly to California purses. It's why you see such small rebates from the state (and, rebating is almost totally prohibited in-state). It's why in-state players play (and get ground down) by massive takeouts.Most don't know that ADWs make next to nothing in Cali. If u live there and bet a PENN super bulk of 32% takeout goes to TOC NOT the ADW.— Ian Meyers (@ihmeyers) June 21, 2017
If the model racing is striving for - more money for purses from ADW - is expected to save the day, I think the California experience illuminates that things aren't that simple. I don't think anyone believes racing will 'be fixed' across North America if it was more like California.
There's a problem at times with revenues shares, and a changing betting world. No, the existing model is not perfect, it probably never will be, and will have to be monitored and tweaked to make it better. But, it's best if this narrative is laid to rest. The sport needs to concentrate on increasing gross handles, rather than shuffling existing handles around.