That depends on the state the race is run in, and even the type of bet. Generally, the state gets 1/2 the takeout, so it's yet another (ugh) tax. The track gets the rest, and the breakage. (rounding of payouts to the nearest dime) Typically, the takeout(vigorish, scrape, juice) is a really high 18-25%, with the 25% usually reserved for exotics like trifectas, pick 6, superfecta, etc. Tough enough to beat the races, but one has to beat the taxman too. If you score over $600 on a bet, the taxman requires you to document it, and pay federal tax on it too!.
Our tracks are run for profit, unlike your system, so admission, parking and food and drink concessions are also expensive. Private bookmakers are illegal in most states...guess the government doesn't like competition stealing our money. HAHA.

Hope this answers your question.

Regards,

Glenn

[ This Message was edited by: TheAvenger on 2004-03-17 11:59 ]

[ This Message was edited by: TheAvenger on 2004-03-17 12:00 ]

[ This Message was edited by: TheAvenger on 2004-03-17 12:38 ]