NY business blog: Slots should spit out betting vouchers

by | 12.15.2011 | 11:19am
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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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  • Josh

    Makes sense to me. Lose all my money at a slot, get a $10 betting voucher, guess where I’m going.

  • Glimmerglass

    An interesting suggestion although likely to get hung up on who will pay for that coupon/voucher/credit to be used on the racing side.

    The casino operator likely sees little to no incentive in giving something away which goes into the pocket of NYRA, et al. And NYRA while being a beneficiary of the casino profits likely would argue they shouldn’t be in the business of giving money to potential consumers. (This would be a far cry from the gimmick of one lucky person picked in a contest allowed to wager $10k from NYRA in the Travers.)

    The best argument for “why” the casino would shoulder a larger share of the voucher’s costs is that it could be seen as a perk by customers and improve upon the gambling experience. Satisfied gamblers – even ones who lose – will return when they can. Further if a casino player makes some money on the track they’re apt to go back into the casino to spend their winnings.

    Does anyone know if say Saratoga Casino and Raceway has tried something similar with rebating some of the spent money back from the slots into customer’s pockets to be used for harness wagering?

  • http://www.rankexperts.com/pricing.php Malik

    This is an interesting suggestion,,,,,, although like to get hung up on who will pay for that coupon

  • Home Boy

    When Glimmer asks this:

    “An interesting suggestion although likely to get hung up on who will pay for that coupon/voucher/credit to be used on the racing side.”

    – I think he is m issing the point. Thee is no ‘new cost’ involved here. Each time a quater is put into a slot, a portion of it is pre-ordained to the racing industry. The writer is simply suggesting that the pre-ordained  portion be delivered insteas as a wagering voucher. Once wagered, it still ends up with the racing industry. The hope, as he suggests, is that the new process generates new interest i  the sport.

    To me, it is a welcome dose of fresh thinking.

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  • Tom R

    Makes all the sense on the world.

    Now who takes charge and advances such a worthy proposal?

    Ooop, that’s right: this is horse racing we’re talking about.

    Never mind.

    Now if you’ll excuse me, I’m heading to the races today to join the 12 others over there.

  • Aardvark

    so true so true

  • http://www.fasching-faschingskostuem-faschingskostueme.de/kostueme-kinder.html?p=3 madyusa

    Now who takes charge and advances such a worthy proposal?

    Ooop, that’s right: this is horse racing we’re talking about.

  • http://www.fasching-faschingskostuem-faschingskostueme.de/kostuem-kostueme-faschingskostuem-karnevalskostuem-j45.html mdyusa

    – I think he is m issing the point. Thee is no ‘new cost’ involved
    here. Each time a quater is put into a slot, a portion of it is
    pre-ordained to the racing industry. The writer is simply suggesting
    that the pre-ordained  portion be delivered insteas as a wagering
    voucher. Once wagered, it still ends up with the racing industry. The
    hope, as he suggests, is that the new process generates new interest i 
    the sport.

  • http://www.sextoys2you.co.uk/Rabbit-Vibrators/c20/index.html Rabbit Vibrator

    No I would most definately want the money and not a betting voucher.

  • http://www.seopositiveltd.co.uk/ Liza

    Really informative, this writer clearly knows what they are talking about.I’ve recommended this blog to some of my colleagues. I’m sure they’ll find it is useful as I did.

  • http://www.jfseostudio.com/ Google Rank

    cash is best I think. thanks for sharing this post.

  • http://www.promocodes.co.uk/Holiday-Autos-promo-codes/ Liza

    Really informative, this writer clearly knows what they are talking about.Interesting piece. It can be difficult to find good blogs nowadays. Found one here though by the looks of things.

  • http://www.seopositiveltd.com/ Preston

    Well written article .I really appreciate your writing skills.Its great.You have done a great job by sharing this post with us.I like this post.Keep in touch with us in future too.

  • http://www.jadastyles.com/mens-giuseppe-zanotti-high-tops.php Giuseppe Zanotti Mens

    Makes all the sense on the world.Now who takes charge and advances such a worthy proposal?Ooop, that’s right: this is horse racing we’re talking about.Never mind.Now if you’ll excuse me, I’m heading to the races today to join the 12 others over there.

  • http://www.vibratorwarehouse.com/dual-action-rabbit-style-vibrators/ rabbit vibrator

    I don’t thinks o if this will make sense. And if they will implement this, I am sure that player will also look for an older type of game. 

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