Post Time Coordination Could Boost U.S.’s Annual Handle By $400 Million

A McKinsey & Company study commissioned by The Jockey Club revealed that as much as $400 million in annual handle is missed out on due to post time overlaps at different tracks across the United States. According to thoroughbredracing.com, a business plan to address these scheduling concerns would require three things: a master scheduler, a commitment to post-time integrity, and a scheduling optimization algorithm.

“Having no mechanism to coordinate the scheduling of 36,000-plus Thoroughbred races that will be run in 2018 is unconscionable,” opined Charles Hayward. “The more important simulcasting becomes for racetracks the more important race coordination and scheduling will become. Tracks will continue to lose considerable revenues, purses will receive less from the wagering and, most importantly, the betting customer will be poorly served by the current disorganized structure.”

The Jockey Club is willing to facilitate the scheduling process, according to President and COO Jim Gagliano, but the most difficult aspect to obtain will be cooperation and communication between the different racetracks.

Read more at thoroughbredracing.com.

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