NEW YORK - Some New York legislators are again trying to raise the cost of playing horses in New York by socking the public with a 9 to 11 percent takeout increase. Under budget proposals and legislation supported by the State Senate's Committee on Racing, Gaming, and Wagering, the minimum takeout at Aqueduct, Belmont, and Saratoga would be increased from 14 to 15.5 percent on straight bets and from 17.5 to 19 percent on two-horse wagers.
The legislators claim that they are doing this to help out the poor old New York Racing Association.