N.Y takeout to go up?

March 14, 1995|By New York Daily News

The beleaguered and broke horseplayers of New York -- at least the handful left -- are about to take another big hit. The Daily News has learned NYRA and groups representing local breeders and horsemen are backing a bill that would effectively raise the takeout at tracks.

Once Gov. Pataki attaches his signature, New York horseplayers will be out about $17 million annually.

OTB still is holding out, but only because it wants additional out-of-state simulcasting and other sweeteners added to the package before it comes on board. When it does, the bill, then backed by every key facet of the racing industry, will sail through the legislature.

Under the proposal, the takeout on straight wagers -- win, place and show bets -- will be reduced from 17 percent to 15 percent. The take on multiple bets -- daily doubles, exactas and quinellas -- will increase from 17 percent to 19 percent. The Pick Threes, Pick Sixes and Triples will remain the same. Straight wagering accounts for 25 percent of total betting; multiples account for 56 percent.

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