New York City OTB: Is the Model Broken?
8 Pages Posted: 23 Dec 2009 Last revised: 7 Dec 2010
Date Written: December 22, 2009
The memorandum argues that the bankruptcy of the New York City Off Track Betting Corporation is not due to the laws governing how the corporation pays part of its retention on wagers to the racing industry and the State. Rather, the problems have been caused by the inefficiencies within the corporation.
Keywords: Gambling, Horse Racing, Public authority, Off-track betting, New York State
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