revenues

Looking at Where California Wagering Revenues Go

• 02 Mar 2017 5:02 PM
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Sometimes it's worthwhile to just look at all the places the pari-mutuel dollar goes in racing. With that in mind, I've returned to the well-done California Horse Racing Board annual report for fiscal year 2015-16, which breaks down where every pari-mutuel wagering dollar goes in the state. Of the $2.9 billion wagered on California racing in the fiscal year, $2.3 billion, or 79%, was returned to winning... Read More