You've heard about it and so have we. Track A sells their signal to track B for 9%, when takeout is 21%. Everyone seems to lament that the bet taker gets 12% and the track that puts on the races gets 9%. It should be the other way around, says the racetracks.
This is why some of you can't bet Gulfstream at your simo center this winter. It's a big fight.
Magna has some big plans to fix this. From the Bloodhorse "Stronach Group Targets Fundamental Issues"
"Rogers noted the early simulcast model—still largely in place in the
industry—that rewards the receiver of a racing signal more revenue than
the sending track is problematic and should be reworked. "The days of the buyer importing the signal cheap and keeping most of
the revenue (from wagering) are probably coming to an end," Rogers said.
"The Stronach Group will do everything possible to deliver a maximum
return on the product."