Meadowlands handle fails to top $3 million

[pocketrocketwinner]

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

People are saying it's a blended 11% rebate. Higher for large takeout wagers like trifectas and pick 3s, lower for the others. Source market fees about 4-5%. They aren't making 600k on a 3MM handle. Maybe 200k 250k . I reversed course and believe you are right all along and corruption runs wild

[Papillon]

just another comment on betting after the bell.....


ALL the Elite bets are made after every other dollar is wagered--they are allowed to perform "pool analysis" then are allowed to be the last bets made--wouldn't one assume, if all the other dollars are allowed to bet up until the very last second, that the Elite dollars are inherently made after the race starts?

I know for a fact that Lexington and a hub in Oregon (most likely others also)are allowed to bet after the race starts--since that is true--then Elite bets after they do--that automatically proves that Elite is allowed to bet after the bell even more so than Lexington/Oregon hubs.

I say there is the undeniable proof.

[SAW]

just another comment on betting after the bell.....


ALL the Elite bets are made after every other dollar is wagered--they are allowed to perform "pool analysis" then are allowed to be the last bets made--wouldn't one assume, if all the other dollars are allowed to bet up until the very last second, that the Elite dollars are inherently made after the race starts?

I know for a fact that Lexington and a hub in Oregon (most likely others also)are allowed to bet after the race starts--since that is true--then Elite bets after they do--that automatically proves that Elite is allowed to bet after the bell even more so than Lexington/Oregon hubs.

I say there is the undeniable proof.

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

1st you said CAWS are half the handle, now you say ELITE is half the handle...CAWS are not anywhere near half the handle.......... Just a number you MADE-UP!

2nd There are no open windows PERIOD

YOU & a few others keep repeating this same BULLSHIT!!!!!!!!

NO FACTS just Made-up BULLSHIT......... ....... The Sad thing is some people will believe you! Why don't you tell us how the Moon landing was FAKED?

[Papillon]

1st you said CAWS are half the handle, now you say ELITE is half the handle...CAWS are not anywhere near half the handle.......... Just a number you MADE-UP!

2nd There are no open windows PERIOD

YOU & a few others keep repeating this same BULLSHIT!!!!!!!!

NO FACTS just Made-up BULLSHIT......... ....... The Sad thing is some people will believe you! Why don't you tell us how the Moon landing was FAKED?

sorry these truths upset you

[pocketrocketwinner]

1st you said CAWS are half the handle, now you say ELITE is half the handle...CAWS are not anywhere near half the handle.......... Just a number you MADE-UP!

2nd There are no open windows PERIOD

YOU & a few others keep repeating this same BULLSHIT!!!!!!!!

NO FACTS just Made-up BULLSHIT......... ....... The Sad thing is some people will believe you! Why don't you tell us how the Moon landing was FAKED?

There is recent information suggesting Elite is over half the total handle in some races at some tracks. Nobody really knows but it's in the realm of possibility that they are 50% at the meadowlands. The entire reason why the CAWs like elite exist is cause they bet after we do. In return for this favor, they must bet a pre negotiated amount. Then they get negotiated rebates. Since places like elite are owned by racetracks, the essentially pay only a negotiated host fee. All of this has become very public information. Watching and betting after the bell, that's not part of the caw situation or what they do

[wizardofoz]

The bottom line is EVERY race has at LEAST a 15% takeout. Is the 4-5% fee the Meadowlands gets from simulcasting added to the 15% minimum takeout every race?

[Lar4400]

What’s so critical about a specific # of 3 million per card.
Does 2.8 make the handle a failure?
Don’t think so. Get off being stuck on a figure that means nothing.

[Dingus]

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

Except they had over 400 horses entered on Friday and Saturday.Even at 10 horses per race for the 28 races, that left over 120 horses not racing that week.  Your suggestion to race just Sunday is a quick way to kill the sport with so many horses sitting in their stalls.

[Papillon]

Except they had over 400 horses entered on Friday and Saturday.Even at 10 horses per race for the 28 races, that left over 120 horses not racing that week.  Your suggestion to race just Sunday is a quick way to kill the sport with so many horses sitting in their stalls.

ok--they can race Sun-Mon-Tue

racing when others do not will increase handle

maybe try Mon and Tuesday afternoons when there isn't much competition

[mtnskipper]

   Those are the only two days bettors work. I wonder though do people bet at work these days. You are at your desk with a betting device or in a vehicle with one.

[John Moody]

Who would play it ? Since they opened it is the worst harness track to bet

[stanetelman]

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

Friday 1/10 handle
$3,068,924
2/3 reaching $3 million
$80,200 below break even point

[kantseeback]

Does the sportsbook cash make up for the racing handle deficit?

[Grandstand Handicapper]

Back in 2018, an ad hoc committee was put together by the SBOANJ. Several key people were asked to serve, one being an attorney who is very well versed in these matters. They met with Meadowlands management and the sports betting management. A deal was made, for 10 years, that had the Meadowlands contributing a minimum of $1m to the purse account annually. These monies were specifically from the Meadowlands share of the sports betting revenue, and it was formulaic as to how much would be added. I don't have the report here, but I do know that in 2022, over $4mm was added into the purse account directly from the sports betting revenue. I remember the number because it matched the amount of overpayment made into the purse account by the Meadowlands X number of years prior. I don't remember the 2023 numbers and the 2024 numbers are not out yet.

The agreements between the sports betting entities and the racetracks, and the revenue sharing arrangements, are private agreements. The SBOANJ does however get assurances, data, and the numbers, so that they can reconcile all the numbers.

[wizardofoz]

Friday 1/10 handle
$3,068,924
2/3 reaching $3 million
$80,200 below break even point

All-source handle Saturday night totaled $3,263,716 on the 14-race card to complete the first $6 million weekend at The Big M since Nov. 29-30, 2024. The average is OVER $3 million in 4 cards. It is time Stanny your MORONIC postings go by the wayside into oblivion! You look like a buffoon on a losing mission.