Thursday, August 21, 2008
NYRA STATEMENT RE: TAKEOUT
NYRA STATEMENT ON POSTPONEMENT OF ONE-PERCENT TAKEOUT INCREASE ON OUT-OF-STATE THOROUGHBRED RACES
The New York State Legislature has amended the bill passed in June authorizing the state takeover of the New York City Off-Track Betting Corporation which would have required a one percent takeout increase on all bets made in New York on out-of-state Thoroughbred races.
The increase, set to become effective on September 15, was postponed until March 15, 2009 and inserted into the state budget cut bill passed by the legislature in a special session this week and signed by Governor David Paterson on Wednesday.
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