Silver Charm Wrote:
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> Help me out here but if you have a $20M handle and
> an average 82.5% take out that's $3.5M! If purses
> even on a Big Day like yesterday where there were
> two Big Stakes total $1.5M. That's a net of $2.0M.
> Am I correct
>
In a word, no. Even if you figure an average rake of 20%, most of that is from out-of-state ADWs, so they get their points (no idea what the signal fees are or if they've been able to boost them due to being one of the few games in town). Then the Caesar of Arkansas gets his beak moistened by another few points. So, after carve-outs, you're down to maybe $2 to $2.4MM, and a net of $500-$700K. Which is why they will close up shop after the Arky Derby, and probably stay closed until the casinos reopen. Just my back-of-the-envelope. Happy to hear other takes.
