Pick Four pools
also show year-over-year increase
EAST RUTHERFORD, NJ (March 31, 2017) – With the first
quarter of 2017 coming to a close, the Meadowlands has shown a substantial 22
percent increase in the size of its Pick Five pool versus the same period in
2016.
Fueled in part by two carryovers, the average Pick Five pool
has been $59,854 versus $48,845 during the first three months of 2016. If you
remove the two carryovers, the pool size is still up nearly 4 percent.
“I think the first three months of the year show once again
how important low takeout and carryovers are in boosting our multi-race
wagers,” said Jason M. Settlemoir, Meadowlands General Manager and COO. “We
were fortunate to have two carryovers and one night where we seeded the Pick
Five pool and it is no surprise those three nights produced the largest Pick
Five pools of the year.”
The Pick Five is a 50-cent base wager with a 15 percent
takeout rate. It is offered each night on Races 1 – 5.
The Pick Four wagers have also shown an increase year-over-year
of nearly 2.5 percent. The Early Pick Four covering Races 3 – 6 sports an
average pool size of $54,627 and the Late Pick Four covering Races 7 – 10 has
an average pool size of $71,515. Both wagers also carry a 50-cent minimum with
a 15 percent takeout rate.
Despite fewer races carded this winter versus last winter,
per race handle has still held strong at $208,958.
