NYRA mismanagement — again!

This Times-Union story discloses overcharging by NYRA on exotic bets that were supposed to have a 25% takeout, which is exorbitant enough. NYRA had been charging 26%, and will have to make good, apparently by a combination of refunding accounts of those it can identify and charging the public “only” 24% for a period to be determined by the Racing and Wagering Board. I guess they aren’t paying enough to attract competent enough executives to make sure these kinds of things don’t happen.

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