Friday, February 22, 2013

Is the TOC Ready To Raise Takeout Again In California?

At yesterday's CHRB meeting in California, the Bloodhorse reported this:

" Hollywood and the Thoroughbred Owners of California have not come to an agreement extending the 14% takeout rate on the popular Pick 5 wager, either. Unless horsemen agree, the Pick 5 first instituted by Hollywood last year would only be offered at the standard 23% takeout rate on exotic wagers in California"

That's a whopping  64.2% increase in takeout. It's probably largest takeout hike ever devised.

We'll keep monitoring the situation, and look into topping up the gas tanks in the HANA plane.

1 comment:

Anonymous said...

Let's see what the public thinks. Two carryovers at Santa Anita for Friday. $44,000 in the Pick 6 and $226,000 for the Pick 5.
Does the Pick 5 look like it should be tampered with? Can the TOC really be this insensitive to what the public wants? Good Grief!