Wednesday, 24 September 2014

Tioga Downs Sees Handle Increase

Tioga Downs, the Jeff Gural-owned southern New York track offering some of the lowest takeout available in harness racing, saw 5.4% increase in handle on their 61 day meet.

      Handle for the meet totaled $7,205,635, an average of $118,125 per day. Last year with the same number of racing days, handle totaled $6,639,243. The increased presence of Tioga's simulcast signal is apparent by a 13.4% increase in off-track wagering. Export handle totaled $5,928,921, compared to $5,228,543 in 2013. Unfortunately, on-track handle did not fare as well, as well dropping 9.5% from $1,410,700 in 2013 to $1,276,654.

     Tioga has seen handle increases every year since they reduced their takeout in 2010, with 2013 being an exception. Takeout at Tioga is currently 15% on Win, Place and Show, 17% on Exactors and Daily Doubles, and 21% on all other wagers. Even though it is a small track, Tioga has shown that bettors respond to lower takeout by putting more money into the pools.

    Harness racing at Tioga's sister-track, Vernon Downs continues until November 1st on a Thursday-Friday-Saturday basis with first post at 6:45. The Meadowlands resumes harness racing on October 14, racing ever Friday and Saturday with a 7:15 first post.

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