Meadowlands handle fails to top $3 million

[pocketrocketwinner]

All the cash poured into napolitano in race 14. Everyone knew.  except gural and brice

[stanetelman]

1/4 handle
$2,752.233
0/1 reaching $3 million

[Brown jug]

i know most like to dump on the big m and the B drivers
but for the first 6 races tonight it is outstanding , competitive races, lots of flow
then flip over and watch the single file shit going on at mohawk
big m rules

[pocketrocketwinner]

Bartlett has gathered all type of confidence over the 1 mile oval

[arniesarmy]

Warkenton has just crowned him "The new Mr. Saturday Night."

[Wawajones]

Could Jasin save the Meadowlands?

[wizardofoz]

Stan, you ain't the man so read this: Total Nightly Handle tonight: $3,097,642.84!

[Scooteroo]

Back in their heyday they would handle over 4 million on Saturday nights with less races, no ADW's, plus the purses were higher, the quality of racing was alot better, and all the regular drivers would be there instead of on vacation.

[Brown jug]

not sure why 30+ plus years ago is relevant
the world has changed

[Scooteroo]

I know the world has changed. It's relevant because when they their handle was 4 million on track they were making a profit., with crowds of 10,000 or more, parking, concessions, etc. Now they're lucky if on track attendance is 500, and I seriously doubt it's even that on most nights. When it's 3 million now, the majority of it is off track and their host fees are no more than 5% which is $150,000 which doesn't even cover their purses on some nights. If it wasn't for the purse subsidy and whatever they're getting from the FanDuel Sportsbook there, they might be out of business because Gural constantly complains how they're losing money on racing and he's tired of funding it with his own money.

[stanetelman]

Friday 1/3 handle
$2,752.233
0/1 reaching $3 million

Saturday 1/4 handle
$3,097,643
1/2 reaching $3 million
$149,124 below break even point

[Papillon]

I know the world has changed. It's relevant because when they their handle was 4 million on track they were making a profit., with crowds of 10,000 or more, parking, concessions, etc. Now they're lucky if on track attendance is 500, and I seriously doubt it's even that on most nights. When it's 3 million now, the majority of it is off track and their host fees are no more than 5% which is $150,000 which doesn't even cover their purses on some nights. If it wasn't for the purse subsidy and whatever they're getting from the FanDuel Sportsbook there, they might be out of business because Gural constantly complains how they're losing money on racing and he's tired of funding it with his own money.

in NJ--there is NO correlation between sports book profits and purses

FanDuel doesn't help purses and has no obligation to do so

Gural gets a piece of FanDuel sports closet profits--and he says he kicks in some to help fund purses--but I am doubtful he really takes money out of his own pocket to help purses

he would be better off not having CAWs, have his handle cut in half--then he would have a legitimate reason to cry poor mouse


it seems there must be a reason to make the handle look good--window dressing, incentives, whatever it is--but the appearance of a $3mil handle must make him feel better or he believes bettors don't know that half or more of his handle is CAW and they think they are betting into a non CAW $3mil--or, like someone suggested--there is some secret subsidy from NJ tied into the handle

they should go to 1 day a week racing on Sunday nights when virtually nobody else is racing-that works well-look at how much Harrahs PHL handled on Christmas Eve and New Years Eve

[wizardofoz]

They WILL be racing Sunday nights at 5:00pm PAPY in February and March, except for SB Sunday, so we will see how that works out.  If $3 million is the handle, whether live or simulcast, each race has anywhere from 15-25% takeouts, so where does that approximately $600,000 go to, if averaging the the takeouts to 20% for the night?

[pocketrocketwinner]

in NJ--there is NO correlation between sports book profits and purses

FanDuel doesn't help purses and has no obligation to do so

Gural gets a piece of FanDuel sports closet profits--and he says he kicks in some to help fund purses--but I am doubtful he really takes money out of his own pocket to help purses

he would be better off not having CAWs, have his handle cut in half--then he would have a legitimate reason to cry poor mouse


it seems there must be a reason to make the handle look good--window dressing, incentives, whatever it is--but the appearance of a $3mil handle must make him feel better or he believes bettors don't know that half or more of his handle is CAW and they think they are betting into a non CAW $3mil--or, like someone suggested--there is some secret subsidy from NJ tied into the handle

they should go to 1 day a week racing on Sunday nights when virtually nobody else is racing-that works well-look at how much Harrahs PHL handled on Christmas Eve and New Years Eve

I suggested it. It was actually never a secret. But, it wasn't widely publicized either. Gural needed to show increased handle to justify the subsidy per the agreement. So caws became a bigger presence as their money is easily muddied and overall handle with them included has justified the continued state money.

[Papillon]

They WILL be racing Sunday nights at 5:00pm PAPY in February and March, except for SB Sunday, so we will see how that works out.  If $3 million is the handle, whether live or simulcast, each race has anywhere from 15-25% takeouts, so where does that approximately $600,000 go to, if averaging the the takeouts to 20% for the night?

He gives a good portion of that supposed $600k to rebates-mostly Elite but there are plenty of smaller rebate shops that get the rest

since Elite accounts for at least half the handle--rumored to be at about 10%--that would be Elite getting $300k of that $600k you speak of

their Sunday night handle will be better than expected--Pompano and Cal Expo would have their highest handles on Sunday nights