Should Racetracks Charge Admission?

Last Wednesday, the Reorganization Board of the New York Racing Association approved a 2014 budget that included hikes in admission fees at Belmont Park and Saratoga Race Course, from $3 to $5 for the grandstand, and from $5 to $8 for the clubhouse. The increase is designed to offset an expected $1.8 million deficit caused by legacy expenses and an unexpectedly high tax burden on the revenue from video lottery terminals at NYRA’s third racetrack, Aqueduct.

The news of the proposed increases had been made public earlier in the week, and the public response was swift and loud. No prizes for guessing that people didn’t like it.

Continue reading at Forbes.com

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