The Albany-area business blog Nanoburgh? offers its take on the relationship between slots revenues and the health of the racing industry as New York continues to expand gaming. The blog suggests instead of pumping all of the gaming revenue back into purses and breeding programs, some of it should be directed toward potential new gamblers in the form of betting vouchers:
“As an option to just moving the pre-ordained share of those slots into the various racing accounts (track, breeding and purse), distribute a betting voucher to the individual slot/VLT players.”
“Those players are then financially motivated to go “play the ponies” with their credits.”
“That's right: an increased number of people are now attending the races; handicapping, wagering and watching. Many of them will have never done so prior; many others will have done so only rarely in their lives beforehand. This is called ‘new blood'. Some of them will actually find the experience to be a positive one and even (dare say) plunk their own, non-voucher/real money down in the future.”
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