It is a handout. It is a government tax that comes from the people playing slots. There is no connection between slots and racing. Ask the people playing the slots where they want the money to go. Ask the general public where they want that money to go. As the casinos where they want that money to go. It is a handout that makes the customer irrelevant. Take the handout away and the industry is in dire straits.

It is overpaid if the person does the job poorly.

Would be interesting to know how much the previous President Tom Charter was making.

If you google his job description it gives alot of details, seems like more administrative stuff than anything, along with travelling to alot of tracks. $220,000 is not an outrageous salary for President of the Hambo Society in my opinion.