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Wagering declines at New York tracks and OTBs24 November 2008NEW YORK -- As reported by the Thoroughbred Times: "Wagering through October at New York's racetracks and Off-Track Betting facilities was down 4% and 6%, respectively, from the same time last year, according to the New York State Racing and Wagering Board. "The New York Racing Association said that daily average all-sources handle declined 8.3% at the Belmont Park fall meet, coming on the heels of a 10.2% all-sources decline during the Saratoga Race Course meet. "There are six regional Off-Track Betting corporations in New York, with New York City OTB accounting for more than half of all wagers. Its handle is down 8% through October. "...September was New York City OTB's worst month, when wagering was down 14%. "Earlier in the year, Off-Betting reported the same number of patrons, but less money was being spent. By early autumn, there were fewer transactions as well..." |