01/19/2002 12:00AM

Out-of-state money key

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ARCADIA, Calif. - Negotiations between the Thoroughbred Owners of California and businesses hoping to operate account wagering systems, continued Saturday, with a major sticking point the amount of money that will eventually go to the tracks and race purses, according to John Van de Kamp, president of the TOC.

Van de Kamp said Saturday morning that he had been in meetings until 8 p.m. Friday, and he was on his way for more meetings Saturday. In addition to previous meetings with the likes of TVG and Youbet.com, Van de Kamp was talking with representatives of the Thoroughbred Trainers of California, who seek an increased share of revenue from account wagering.

The percentages on bets made by California patrons on California races has been settled, Van de Kamp said. But the breakdown of out-of-state bets is being negotiated. "It's fair to say we're seeking a wholesale change," Van de Kamp said.