Wednesday, April 11, 2012

UNITED TOTE ERROR LEADS TO INCORRECT TAKEOUT RATES FOR NYRA CUSTOMERS ON KEENELAND RACES

OZONE PARK, N.Y. – Due to an error originating with the United Tote totalisator system located in Kentucky, customers that wagered through The New York Racing Association, Inc. (NYRA) on Keeneland’s Friday, April 6 card and the first two races on Saturday, April 7, were charged incorrect takeout rates. United Tote has accepted full responsibility for the error and has acknowledged this in correspondence to the New York State Racing and Wagering Board and the Kentucky Horse Racing Commission.

As a result, the prices paid through NYRA for the ten Keeneland races on Friday and the first two races on Saturday were incorrect. The Win, Place, and Show wagering takeout rates were 1.5 percent higher than they should have been, the Exotics wagering takeout rates were 3 percent higher than it should have been, and the Pick 4 takeout wagering was 5 percent lower than it should have been. The total underpayment on winning tickets was approximately $10,000.


United Tote is going to determine the variance between Keeneland’s correct prices and the incorrect prices that were paid at NYRA, and NYRA will adjust relevant NYRA Rewards accounts, previously cashed tickets involving W2-G’s, and currently outstanding winning tickets that are presented for payment. NYRA expects this adjustment to be accomplished on or before April 30, 2012.

Comments (0)